610: Live Takes: The 5,000 Mile Away BRRRR (REALLY Long-Distance Investing)
BiggerPockets Real Estate Podcast
BiggerPockets
4.8 • 16.5K Ratings
🗓️ 17 May 2022
⏱️ 85 minutes
🧾️ Download transcript
Summary
Building a house vs. buying a house—which makes more sense for today’s investor? With home prices rising faster than many of us have ever seen before, more and more real estate investors are asking whether or not building their rentals is a smarter idea. And who can blame them? Building a rental property can seem like a great way to minimize acquisition costs, but this is only true in certain circumstances, which many investors just won’t fit into.
Welcome to Live Takes where Henry Washington, investor and On The Market guest host, joins David Greene for a live real estate Q&A. David and Henry invite four investors onto the show today to talk about each of their passive income predicaments. These topics include buying vs. building a home, how to get out of a bad BRRRR, whether or not it’s too late in life to invest in real estate, and how to invest out-of-country.
Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene or Live Takes. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!
In This Episode We Cover
Buying vs. building rental properties and which decision makes sense for which investor
What to do when you go over budget on a rehab, flip, or BRRRR investment
How to invest and scale a real estate portfolio when getting started later in life
Whether to invest long-distance or stick it out in your local market
Mitigating risk and keeping your cash flow rolling when stuck in a bad deal
How to finance land purchases and using a backwards BRRRR method to do so
And So Much More!
Links from the Show
Grab Your Tickets for BPCon 2022
5 Ways to Avoid Going Over Your Flipping Budget
Is it Better to Build New or Renovate Existing Homes as an Investor?
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-610
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | This is the bigger Pogas Podcast show. |
| 0:02.8 | Six, ten. |
| 0:05.0 | Now we're kind of a little in over our heads. |
| 0:08.5 | You know, this is my first one, so it's kind of the rookie nightmare. |
| 0:11.4 | Sort of speak, but everybody hears about why they don't get into it. |
| 0:15.2 | So I'm trying to wonder, do we sell it? |
| 0:18.0 | Do we keep it? Just chip away at the dead over time? |
| 0:22.0 | Is there other options on what we can do? |
| 0:24.8 | How do I kind of bounce back from this? |
| 0:28.5 | And what do I do to continue investing in real estate even with this kind of big item? |
| 0:36.0 | Kind of hanging on my back here. |
| 0:39.2 | What's up everybody? |
| 0:46.6 | This is David Green and I'm your host of the bigger Pogas Real Estate Podcasts. |
| 0:50.4 | The best Real Estate Podcasts on the planet and also the number one most downloaded podcast. |
| 0:56.6 | I'm here today with my buddy Henry Washington and we have a fantastic show for everybody. |
| 1:01.4 | In today's show, we are going to be interviewing different investors who have different questions |
| 1:06.0 | regarding a jam that they caught themselves in, a direction that they're unsure to take |
| 1:10.8 | or just overall phobias, fears, flaws, things that worry us and stop us from moving forward. |
| 1:17.1 | And Henry and I dive into this and help get them unstuck and send them on their way. |
| 1:21.5 | It does kind of feel like that when you're like, oh, look at it. |
| 1:23.5 | It's like a little squirrel that's trapped and if it just gets foot free, he could run off |
| 1:28.0 | and find nuts and we get to play that role. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.