630: Seeing Greene: Estimating Rent, “Amplifying” Cash Flow, and DIY Investing

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 3 July 2022

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Look up “how to retire early” online and you’ll see some common prescriptions. You’ll hear investors talk about rental properties and index funds more than other options. This is for good reason since even as real estate investors there are ways we can go beyond the scope of buying rentals to amplify our wealth and set ourselves up for early retirement. This is also the exact question that one of our guests asks on this episode of Seeing Greene. If you’ve ever wondered what you should do with your rental property profits after you’ve paid all your bills, whether or not to flip homes in 2022’s housing market, or simply how to get less nervous on the phone, then you’re in the right place. David Greene, host of The BiggerPockets Real Estate Podcast, runs through a series of different Q&A style submissions from new investors, experienced investors, real estate agents, and everyone in between. Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. 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: How to estimate rents on a potential income property and which room count brings in the most money How to find an investor-friendly agent who will give you the local contacts you need Whether to sell a rental property or keep it and cash-on-cash return vs return on equity Live in flips and why flipping houses has gotten so much harder in 2022 Turnkey rental companies and whether or not to use one when investing from abroad How to retire earlier by “amplifying” your rental property’s cash flow And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 David’s YouTube Channel Ask David Your Real Estate Investing Question Listen to All Your Favorite BiggerPockets Podcasts in One Place Estimate Rent Easily with The BiggerPockets Rent Estimator Find an Investor-Friendly Agent Near You How to Retire Early (From Someone Who Did at Age 27) David’s BiggerPockets Profile David's Instagram Book Mentioned in the Show SKILL by David Greene Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-630 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is the bigger Pockets podcast show 630.
0:05.0	When I'm working with an agent, I want an agent that knows the area,
0:08.6	that knows what zip codes are better, that knows where development is going in,
0:12.2	that knows where demand is strongest.
0:14.0	I'm not just using them to write offers, I'm using them to educate me on opportunity out there.
0:19.2	So when you get on that first phone call with the agent, that's what you should be doing.
0:22.2	Tell me about the area, tell me about the kind of people that work here,
0:25.0	tell me about the jobs that are moving in here.
0:26.8	What part of town is in development, which part of town is the best place to live?
0:31.2	They can't answer those questions.
0:32.8	That's probably not the agent that you want representing you, especially if you're buying out of state.
0:36.8	What's up, everybody?
0:37.8	This is David Green, your host of the bigger Pockets Real Estate Podcast.
0:41.4	Here today with a seeing green episode.
0:44.4	On these seeing green shows, I take questions from you and your contemporary specific to real estate investing,
0:50.4	whether it's a problem you're encountering, you can't figure out.
0:53.0	An overall question about strategy or just knowledge that you think will help you get over the hump
0:58.4	in building well through real estate.
1:00.0	And I answer them for everybody to hear.
1:02.0	These are very fun shows are also challenging because I never know what I'm going to be asked when I do these.
1:06.8	So buckle your seatbelt and get in for a wild ride.
1:10.6	Before we get into today's show, the quick tip is going to be,
	...

Please login to see the full transcript.

Previous episode | Next episode

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.