657: Seeing Greene: Can You Start Investing with Just $5,000?

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 4 September 2022

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

The best way to build wealth isn’t always the most obvious. More people will take the passive road to wealth building, which is usually far slower, and much less efficient than the active path to wealth. The active investor takes time making calculated decisions that would scare almost every average investor. Flipping a house, renovating a rental, or buying a thirteen-unit apartment building may be a little too much for most people, but probably not too much for you. If you’re looking to fast-track your way to millionaire status, have the passive cash flow to float you in retirement, and live life on your schedule, then real estate investing is probably your chosen asset. The guests of today’s Seeing Greene episode prove this even with their quick questions. In this episode, David will answer questions on which investing strategy is best over the next ten years, whether to invest in stocks vs. real estate, how to start investing with as little as $5K and up to $100K, and how increasing your leverage can slingshot your net worth. 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: The 1031 exchange explained and how to turn one property into many Single-family vs. multifamily real estate and which will make more in the next decade Real estate coaching and why it might not be as good of a career as most people think Stocks vs. real estate and which is better for the investor trying to build wealth now Paying off debt vs. investing in real estate and how to know which move is right for your specific circumstance How to start investing with as little as five-thousand dollars (even with no experience!) 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 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 David's BiggerPockets Profile David's Instagram Ask David Your Real Estate Investing Question BiggerPockets Real Estate Podcast 639 with Matt Argersinger from “The Motley Fool” Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-657 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

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0:00.0	This is the bigger Pockets Podcast show, 657.
0:06.0	This is why we rarely see a ton of appreciation in areas like Indiana or Kansas.
0:12.0	There is so much land that can build so many houses that supply continues to grow along
0:17.6	with demand that keep prices from going up.
0:20.9	It's when supply is constrained and demand continues to grow that you see a rise in prices.
0:27.0	So I don't know where you're living but I would definitely look for the best school districts.
0:31.7	The areas that the city limits are pretty much all built out that can't buy more homes.
0:36.1	Go find the best neighborhood.
0:37.9	Go find the ugliest house or the biggest house that you can.
0:41.0	And then slowly add value to that property by fixing it up over time.
0:44.8	Over a 10-year period that will be the fastest way to grow appreciation and it's super simple.
0:50.4	What's going on everyone?
0:51.4	Welcome to the best dang real estate podcast in the entire world.
0:56.2	Hey, if you don't know what bigger pockets is, you are in for a treat.
0:59.9	Bigger pockets is a company where we teach you how to build wealth through real estate.
1:03.4	It's pretty much entirely for free and it's some of the most talented people and best information you can possibly get.
1:09.7	On today's episode of our podcast, it is a seeing green edition meaning you get me, David Green,
1:15.2	answering questions specifically from our fan base who are stumped in a position they don't know how to solve
1:20.3	or have come across some really good opportunity to try and figure out how to make the most of it.
1:25.2	I answer all those questions and more on today's show.
1:28.6	In today's show, we get into several pretty amazing questions.
1:32.3	One of them is from someone who feels that they're pretty good at real estate investing and wants to start coaching.
	...

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