690: Seeing Greene: Why Are My Rental Property Returns Looking So Bleak?
BiggerPockets Real Estate Podcast
BiggerPockets
4.8 • 16.5K Ratings
🗓️ 20 November 2022
⏱️ 60 minutes
🧾️ Download transcript
Summary
Most investors buy rental property for cash flow, and much to their surprise, no cash flow is to be found once the deal is done. Maybe they’ll get some limited returns in their first year of landlording, but with cash flow-induced frustration, they decide to try another strategy. This happens again and again as real estate investors struggle to realize anything other than a meager return on what was supposed to be a financially-freeing investment. But worry not—this is all part of the plan.
David is back on another episode of Seeing Greene, where he answers the most-pressing real estate questions from across the web. But David isn’t alone in the episode! He brings along real estate investing experts Brandon Turner, Pat Hiban, and Zeona McIntyre to help answer hard-hitting questions surrounding anything and everything related to real estate. This week’s topics touch on shiny object syndrome, when to pay for real estate leads, assisted living investing, 1031 exchanges, short-term rentals vs multifamily investing, and how to find the right mentor.
If you’ve been looking to up your real estate game, head over to the BiggerPockets Bookstore and take advantage of MASSIVE discounts on some of the best real estate books around! And remember to use ANY of today’s hosts’ names as a discount code to get even more off when buying any BiggerPockets books!
In This Episode We Cover:
How to avoid shiny object syndrome when no real estate strategy seems to work
Why most new investors have the wrong idea about cash flow and rental properties
Assisted living investing and who should make the jump into this high-cash flow asset class
1031 exchanges explained and using them to become a passive real estate investor
Short-term rentals vs. multifamily investing and which is the better bet in 2023
How to find a mentor when you’re just starting in your real estate investing journey
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
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
Hear Our Interview with Assisted Living Investing Expert, Isabelle Guarino-Smith
Stay Up-to-Date on All the New BiggerPockets Books Coming Soon
Shop the BiggerPockets Bookstore and Use Codes BRANDON, DAVID, PAT, or ZEONA for a Special Discount
Books Mentioned in the Show
Tax Strategies by Amanda Han & Matt MacFarland
Advanced Tax Strategies by Amanda Han & Matt MacFarland
30-Day Stay by Zeona McIntyre & Sarah Weaver
Real Estate by Numbers by J Scot & Dave Meyer
6 Steps to 7 Figures by Pat Hiban
SKILL by David Greene
BRRRR by David Greene
Long Distance Real Estate Investing by David Greene
Connect with Brandon, Pat, & Zeona:
Brandon's BiggerPockets Profile
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-690
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Transcript
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| 0:00.0 | This is the Bigger Pockets Podcast Show 690. |
| 0:04.2 | I know no one likes to hear this. |
| 0:05.7 | There's people hearing it right now and they're making a face like they just swallowed a bug. |
| 0:09.6 | It's just that's not what I was told. This is my dream. |
| 0:12.2 | I'm trying to quit my job. I need cash flow. |
| 0:14.4 | Just take your dream and extend it a little bit longer. |
| 0:16.4 | All right, so it's the first thing that you did nothing wrong if they don't cash |
| 0:19.5 | so like you thought. The next piece I want to say is if we can start with that baseline, |
| 0:24.8 | it would be very similar to me saying if you go to the gym, |
| 0:27.5 | your first week, you're not going to see results. |
| 0:30.8 | Would you believe that or would you say no? |
| 0:32.9 | There's a way of working out where my first week I can see noticeable muscles. |
| 0:36.4 | What's going on everyone? This is David Green your host of the Bigger Pockets Podcast |
| 0:39.6 | here today with a seeing green episode. If you haven't seen one of these before, |
| 0:43.0 | these are shows where I answer your questions directly sent to bigger pockets to see what I can do |
| 0:48.3 | to help you grow well, solve a problem overcome an obstacle or maximize your results. |
| 0:53.6 | Whatever it is about building wealth through real estate, I want to help you. |
| 0:56.7 | Based on my experience and all the information I've gathered hosting, |
| 1:00.0 | podcasts like this. In today's show, we have a cool little bin. I'm actually bringing in some |
| 1:04.4 | support so we have other bigger pockets authors that have come in to help answer questions. |
| 1:08.8 | Then I throw my two cents on top of it like the cherry of a real estate wealth Sunday. |
| 1:14.5 | This is kind of a special show because we at Bigger Pockets are having a discount. |
... |
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