651: Seeing Greene: Recession Risks, Renting to Family, & Scaling Your Portfolio
BiggerPockets Real Estate Podcast
BiggerPockets
4.8 • 16.5K Ratings
🗓️ 21 August 2022
⏱️ 70 minutes
🧾️ Download transcript
Summary
How does a recession affect real estate investors? With layoffs, high inflation, and affordability problems, can the average American even afford to rent? What about vacation rentals—will short-term rental hosts see occupancy drop as families run out of disposable income? These types of questions can strike fear into rookie real estate investors, but we’ve brought along some veterans to clear up the facts from fiction.
Welcome to another episode of Seeing Greene where David is joined by numerous expert investors to help him answer real estate-related questions. Ashley Kehr, Avery Carl, Craig Curelop, and Matt Faircloth are all on today’s episode to answer questions ranging from recession risk to house hacking income, scaling from small to large multifamily, and more. If you want to dive deeper into any of these niches, be sure to sign up for the BiggerPockets Bootcamps, featuring strategy-specific live lessons for house hackers, short-term rental hosts, multifamily investors, and more.
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:
Finding a mentor and how to choose a real estate market as a beginner
Where the short-term rental market is trending and whether or not recession puts it at risk
Renting to family and friends, whether to discount rent, and how to treat them as a tenant
Debt-to-income ratios and how house hacking rent could affect yours
Scaling from small multifamily to large multifamily properties and the differences between the two
Investing in real estate vs. stocks and the risks of selling a rental property
HELOCs vs. cash-out refinances and which is best when buying more real estate
And So Much More!
Links from the Show
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Enroll In the BiggerPockets Bootcamps and Get 10% Off Using Code “BOOTCAMP10”
No, Life Isn’t Fair—But Here’s How You Can Turn Things Around
Books Mentioned in the Show:
The House Hacking Strategy by Craig Curelop
The Multifamily Millionaire Part 1 by Brandon Turner & Brian Murray
The Multifamily Millionaire Part 2 by Brandon Turner & Brian Murray
Raising Private Capital by Matt Faircloth
Short-Term Rental Long-Term Wealth by Avery Carl
Connect with Ashley, Avery, Craig & Matt:
Ashley's BiggerPockets Profile
Ashley's Instagram: @wealthfromrentals
Avery's Instagram: @theshorttermshop
Matt's Instagram: @themattfaircloth
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-651
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Transcript
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| 0:00.0 | This is the Bigger Pockets Podcast. |
| 0:02.0 | Show 651. |
| 0:04.0 | If your friend is asking about what you're doing and how much you're paying for the mortgage |
| 0:09.0 | and how much he's paying for the mortgage and all that, I always recommend being 100% |
| 0:13.7 | honest because if you can empower somebody to do the same thing as you to empower someone |
| 0:18.8 | to house hack, then you're going to completely change the trajectory of their lives. |
| 0:22.1 | And that's worth so much more than a couple hundred dollars a month. They're being a |
| 0:25.5 | little bit sketchy about how much they're getting paid or how much you're paying and all that. |
| 0:29.1 | And so I highly recommend if you've got the opportunity to help somebody see the light and |
| 0:32.8 | they're asking to 100% just tell the truth. It's way easier than lying. |
| 0:37.6 | What's going on everyone? This is David Green, your host of the Bigger Pockets Real Estate |
| 0:40.9 | Podcast here today with a seeing green episode where I have called for backup. |
| 0:45.4 | On this show we're going to be taking your questions as always, but with a little bit of a twist. |
| 0:49.6 | We've got several other Bigger Pockets personalities that have come into help me by answering |
| 0:54.2 | your questions. So you guys are in for a treat. You're going to get my perspective and a lot of |
| 0:58.4 | other peoples. But first today's quick tip. Do you need a group to help support you on your journey |
| 1:04.4 | to your first or next property and a place to get your specific questions answered beyond this |
| 1:08.6 | podcast? We'll check out biggerpockets.com slash enroll. If you want more info or to participate in |
| 1:13.9 | one of our five different boot camps. Thank you for being a loyal listener. We are offering a 10% |
| 1:18.7 | discount off your enrollment by using the code bootcamp 10 almost 50 bucks off and a free year |
| 1:24.4 | of pro membership can be yours. Already pro you get a screaming price on this already great value |
| 1:30.0 | opportunity invest in yourself and check out the bigger pockets boot camp. And just a quick word |
... |
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