687: Seeing Greene: Using the “Capital Carrot” to Find Money for Your Next Deal

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 13 November 2022

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Knowing how to buy a rental property is one thing, but coming up with the money is another. This is the constant struggle real estate investors find themselves in. When they have cash, there aren’t enough deals. When they have deals, there isn’t enough cash. This catch-22 usually puts investors in a spin cycle, never pulling the trigger on their first or next deal. But, it doesn’t have to be this way. With the right mindset, you can find the money to purchase more rental property, even if you’ve run out of options. This is what expert investor, David Greene, refers to as his capital “carrot,” or the thing that allows him to find (and make) more money to buy even more real estate. And it’s just one of the topics in today’s Seeing Greene show. In this episode, David takes a live call from Garrett, who’s struggling with whether or not to sell or keep his first deal. We also get questions about BRRRRing with high interest rates, where to find medium-term rental tenants, and how to find a realtor in a brand-new market. 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 house hack “savings” that turn a dud into a screaming real estate deal Whether or not keep or sell a rental even if you’re not making much from it How to buy BRRRRs in today’s high-interest rate environment Dominating a market as a brand new real estate agent or realtor Where to find medium-term rental tenants and common short-term rental regulations How to find a rockstar real estate agent when investing out of state And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch 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 Get Real Estate Investing Data, Guides, and Resources Use the BiggerPockets Rental Property Calculator on Your Next Deal BiggerPockets Podcast 679 with Zeona and Sarah (Medium-Term Rentals) BiggerPockets Podcast 680 with Mark Simpson (Short-Term Rentals) Books Mentioned in the Show SOLD by David Greene SKILL by David Greene Multifamily Millionaire Volume 1 by Brandon Turner & Brian Murray Multifamily Millionaire Volume 2 by Brandon Turner & Brian Murray Long-Distance Real Estate Investing by David Greene 30-Day Stay by Zeona McIntyre & Sarah Weaver Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-687 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 pocket podcast.
0:02.0	Show, 687.
0:04.4	Most of the time, my lion does not come out unless I'm threatened.
0:08.4	Okay, like, unless I'm hungry.
0:10.6	Then I actually realize what I'm willing to go to.
0:13.0	I gotta want something.
0:14.4	When my life is comfortable, I don't really function like the lion.
0:17.6	When my life is uncomfortable, a different side of David comes out.
0:21.5	And so, this is an opportunity for personal growth if you choose to take that.
0:25.6	You could go take more jobs as an engineer.
0:28.2	You could start studying sales or business.
0:30.2	You could change elements of your personality like I had to do when I became a real estate agent
0:34.0	to become more charismatic and easier to talk to unless I'm a cop.
0:37.8	What's up everyone?
0:38.4	This is David Green, your host of the bigger pockets podcast here today with a seeing green edition.
0:43.8	If you haven't listened to one of these before, these are shows where I will take questions directly
0:48.0	from you, our list in your base, and answer them for everybody to hear.
0:51.9	We've got video submissions, we've got written submissions,
0:55.5	and we have me going on.
0:58.1	Rabbit trails, explaining ways you could build wealth that you might not have thought about before.
1:02.7	These shows are awesome and you can usually recognize them by the glowing green light behind my head here.
1:08.5	Today's show is fantastic.
	...

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