813: Seeing Greene: The Real Estate “Red Pill” That Made Me $400K/Year w/Dana Bull

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 3 September 2023

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Real estate investing is changing. Builders aren’t building what buyers and renters want, insurance companies are pulling out of top investing states, and property threats are growing increasingly common. This may sound like doom and gloom to you, but in reality, it’s keeping your competition out of the game, and if you use the advice on today’s show, you could build wealth while most cower in fear. Seeing Greene is back again as David is on to give his time-tested wisdom to every real estate investor on the planet. But he’s got backup. Rob hangs around on this episode, and special guest Dana Bull, the “know when to stop” investor, is here to drop some knowledge bombs. We take viewer questions like whether you should buy one pricey property or a handful of smaller rentals, what to do when a property you’re buying has an illegal ADU (accessory dwelling unit), why insurance companies are leaving states like California, Florida, and Texas, and what’s the BEST property type to buy in today’s 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 real estate “red pill” you must swallow if you want to become wealthy Why knowing your “why” is overrated, but having THIS goal isn’t The three rules of real estate and why you should NEVER skip any of them Going big vs. small on your first rental property and the “jump-start” plan you’ll need Illegal additions and ADUs and whether or not a home is worth buying with one Insurance problems and why policies are being dropped in high-risk states The one property type you should focus on when buying in 2023 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 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 Dave's BiggerPockets Profile Dave's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Hear Our First Episode with Dana BiggerPockets Podcast 795 with Chad “Coach” Carson BiggerPockets Podcast 798 with Alex and Leila Hormozi “This Is The Hardest Property Insurance Market Ever" Connect with Dana: Dana's BiggerPockets Profile Dana's Instagram Dana's LinkedIn Dana's Website Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-813 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 Pockets Podcast. Show 813.
0:04.0	I was a recent college grad from UMass and I had actually bought a little bit of real estate.
0:09.6	I had a condo. I had a two family. But I was sort of just going through the motions.
0:13.6	I had hired a real estate broker and he brought me into his office and it was I call it the corruption
0:20.0	and it was very much this matrix moment where he said you know you can take the red pill and see
0:26.2	how far the rabbit hole goes or you can take the blue pill and just kind of get out of this
0:31.1	real estate thing and just just keep going down the typical path.
0:35.2	Just going on everyone this is David Green your host of The Bigger Pockets Real Estate Podcast.
0:38.9	You're today with the scene green episode and I brought back up. I'm joined today by my co-host
0:44.5	Rob Abasolo as you can see if you're looking on YouTube, looking handsome and ever.
0:47.8	As well as Dana Bull who is featured on Bigger Pockets Podcast episode 187,
0:52.4	we brought her back to give us a little bit of air support on the questions that you are
0:57.0	audience has answered and today's show does not disappoint. We're about to get into questions
1:01.8	that you asked and provide our answers that everybody can benefit from. Dana is a real estate agent
1:07.9	and investor. She basically has a strategy that was like how can I get out of real estate
1:12.4	investing instead of how big can I get very interesting philosophy and the answers that she
1:16.3	provides are based on that philosophy. Rob what are some things that you think investors should
1:21.2	keep an eye out for in today's episode? This is going to be a great episode. I can already tell
1:25.0	you that. We're going to talk about so many cool things from how big should your first investment
1:29.8	be? Should you go all in? Should you maybe you know be a little bit conservative with your first
1:34.7	investment? We're going to talk about the logistics of adding to your property. We're going to talk
1:38.4	about seller financing. Today we're going to cover some pretty big topics that I know will change
	...

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