777: Seeing Greene: Investing Later in Life? You’re Still in Luck!

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 11 June 2023

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Think it’s too late to retire with real estate? Maybe you’re in your forties, fifties, or sixties and have decided that now is the time to put passive income first. With retirement coming up in a couple of decades (or even years), what can you do to build the nest egg that’ll allow you to enjoy your time away from work? Is it even possible to retire with rentals if you didn’t start in your twenties or thirties? For those tired of the traditional route to retirement, stick around! You’ve hit the jackpot on this Seeing Greene show; it’s episode number 777! But, unlike a casino, everything here is free, and we’re NOT asking you to gamble away your life savings. Instead, David will touch on some of the most crucial questions about real estate investing. From building your retirement with rentals to investing in “cheap” out-of-state markets, buying mobile homes as vacation rentals, and why you CAN’T control cash flow, but you can control something MUCH more important. 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: Turning a $100K high school into a $42K/month apartment complex What to do when your first flip or real estate deal becomes a huge flop The smartest way to shoot up your property’s value and boost your neighborhood’s desirability Unbelievable real estate conversion projects and why creative investing often has the most cash flow Raising private capital when doing large deals and why you NEED partners with skills you don’t possess Signs that your real estate agent might be the love of your life And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 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 David’s YouTube Channel Work with David Try the BiggerPockets Rental Estimator on Your Next Deal BiggerPockets Real Estate Podcast 759 BiggerPockets Real Estate Podcast 771 Book Mentioned in the Show: Long-Distance Real Estate Investing by David Greene Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-777 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. 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, lucky number 777.
0:05.1	You don't have to buy more real estate.
0:07.9	You have to continually be active in adding value to the real estate you have.
0:12.4	And when you've got to the point that you've increased the value as much as you can,
0:15.6	by doing the rehabs after you've already bought it at a great price,
0:18.8	sell it or keep it as a rental, move on to the next one and continue adding value
0:22.8	to every single piece of property that you buy.
0:25.2	That will turn into the retirement you want.
0:27.8	What's going on, everyone? This is David Green, your host of the Bigger Pockets Real
0:31.4	State Podcast here today with a seeing green episode.
0:34.7	In today's show, I take questions from you, our listener base, and I answer them for everybody
0:40.1	to here. And you have struck the jackpot with episode 777 because this is a very fun and
0:46.0	informative show. Today, we get into several questions, including how to know if your property
0:50.8	worked better as a long-term rental or a short-term rental, the spectrum of cash flow and equity,
0:56.3	and what that means. If the 4% rule of financial independence still works today,
1:01.5	and what may be changing about it, as well as what you can do if you get started investing
1:06.4	later in life and you feel like you're behind all that and more on another awesome episode
1:11.8	just for you. All right, and a quick word from today's show sponsors.
1:17.5	We know you've heard it before. Cash flow is getting very hard to find.
1:21.6	There's always long distance investing, but you may be thinking, I don't have a team,
1:25.4	enough experience, or the market knowledge to get in. Well, that's where you're wrong,
1:29.3	and that's also where rental retirement comes in. Rent-a-retirement offers fully turnkey
	...

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