789: Seeing Greene: Where to Find Deals in 2023 and How to Spend $100K

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 9 July 2023

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Real estate deals are hard to come by in 2023. But, there are still a few overlooked rental markets that most investors aren’t aware of. In times like this, with investors ready to pounce on almost any property and other assets vastly underperforming real estate, you’ll need to think differently if you want to get ahead. Long gone are the days of buying any property in any market and expecting instant cash flow. Now, you’ve got to think like an expert investor and start Seeing Greene! David is back with another Seeing Greene episode as we touch on how investors can find deals in 2023, which markets are worth looking into, why low cash flow isn’t such a bad thing, and how to decide between buying a single-family or a multifamily rental. We’ve also got some trickier-than-usual questions this time, as a seventeen-year-old wants to know where he should invest a $100K inheritance. We’ll also get into the nitty gritty of paying off loans vs. refinancing, where to find distressed properties, and what to do when natural disasters threaten your rental business. 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: Emerging real estate markets that most investors overlook Low cash flow and whether a rental is worth buying if it only profits a few hundred dollars a month How to spend a $100K inheritance and why real estate ISN’T the best choice BRRRR deals and how to find distressed properties that have huge equity potential Hard and private money loans, interest-only payments, and when to pay off your debt Single-family homes vs. multifamily and which makes the most money with the lowest down payment Natural disasters and whether or not it’s worth it to invest in dangerous areas 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 Rent Estimator on Your Next Property Seeing Greene Episode 762 Books Mentioned in the Show Buy, Rehab, Rent, Refinance, Repeat by David Greene Set for Life by Scott Trench Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-789 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger PuckestPodcast Show 7-8-9.
0:05.0	You mention that you're at a disadvantage in some ways and that's true, but you're at a huge advantage of some other ways.
0:10.0	There's a lot of other people that are under that belief that they think I'm just going to go to college for four years.
0:15.0	I'm going to get a great job with great benefits and I'm not going to have to push myself very hard and they end up racking up a lot of student debt.
0:22.0	Getting out of college, not getting a great job they love. They do have to work hard.
0:26.0	Life is not what they thought and they become very bitter and unhappy.
0:30.0	What's going on everyone? This is David Green, your host of The Bigger Puckest Real Estate Podcast.
0:34.0	As you already know, we are the biggest, the best and the baddest real estate podcast in the world here today,
0:40.0	but they see in green edition for you.
0:42.0	In these seen green editions, I'd say questions from you are a listener base and answer them for everyone to hear.
0:48.0	So we can all share the knowledge, the wealth, and hopefully the success of successful real estate investing.
0:54.0	And today's show is awesome.
0:56.0	We get into what to do when you can't find any good deals.
1:00.0	Anybody have that resonate with them? Is that some familiar?
1:03.0	Someone needs out of Florida and where should they buy?
1:06.0	This is a really good question where we get into how to identify the next emerging market.
1:10.0	If a hard money loan or a private money loan should be extended and if so, how the deal should be structured,
1:17.0	what to do when your hard money loan is coming due plus a story from a 17 year old that recently lost his parents is living with his grandparents,
1:25.0	has a hundred grand coming and wants to know what the best way to set his life up for future success would be.
1:31.0	All that and more in today's seen green.
1:34.0	Alright, before we get to our first question everybody, I've got a quick tip just for you.
1:39.0	Remember, there are lots of ways that you can get information from real estate and lots of bigger pockets episodes you can listen to.
	...

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