816: Seeing Greene: How to Invest with $20K and “Luxury” House Hacking

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 10 September 2023

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Don’t know how to invest in real estate? If you’ve got $20K (or less) sitting around, there’s a good chance that you could start TODAY. With home prices still sky-high and most Americans under the impression that buying is out of the picture, David Greene comes in to save the day with the “sneaky rental tactic” that can help you start building a real estate portfolio for less than it costs to buy a car! Welcome back to the long-awaited return of Seeing Greene. We’ve taken some of the BEST questions from BiggerPockets listeners just like you and rapid-fired them at David to get his take. In this show, a military couple is looking to start investing but doesn’t know where to begin. A wholesaler wants to buy rentals with a partner but doesn’t know how they should form an LLC. A high-earner debates whether a “luxury house hack” is worth the extra money. Finally, an active-duty family debates selling their homes, and a deputy sheriff wants to know where best to put her leftover cash from a home sale. 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 How to invest in real estate with $20K using the “sneaky rental tactic” “Luxury house hacking” and why buying better properties may be worth the lower cash flow Rental property LLCs and whether or not to form one for your future partnerships When to sell your properties and whether or not a housing crash could be on the horizon The “base hit” rental properties that will make you RICH when you retire And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-816 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 Pod Cash Show 816.
0:05.6	This is a play where you're trying to grow equity.
0:07.5	You're trying to turn that $20,000 of cash into $100,000 of equity, and in the future,
0:13.4	that $100,000 of equity can be reinvested into more properties as your snowball grows.
0:18.8	Now it's time to put some solid fundamentals on a little bit of elbow grease into that $20,000
0:23.4	that you have and start building some equity in the future so you can make big moves later.
0:28.2	What's going on everyone is David Green back with another episode of Seeing Green.
0:33.2	This is your first time listening to one of these, I think you're going to love it.
0:36.5	In the Seeing Green episodes, I take questions from you, the bigger pockets community,
0:40.2	and answer them for everyone to see the type of stuff you would never get answered
0:44.0	unless you are a fly on the wall in my office listening to the consultations that I do
0:48.4	with David Green team or one brokerage clients or out one of my events, but you're in luck.
0:53.0	You don't have to actually get out of bed or even put on a pair of pants.
0:56.7	You can listen right now to all of the questions people are asking in here.
1:00.1	My answer is from the comfort of your own home, car, or commute.
1:04.3	Today's show we cover what to do when you're feeling overwhelmed just trying to get started.
1:09.5	I'm sure a lot of you can relate to that.
1:11.7	If you're starting a partner, what do you need to know and what should you be aware of?
1:16.1	And is it ever okay to move into a luxury property?
1:20.7	That and more on today's episode of Seeing Green.
1:23.9	Before we jump into the questions, today's quick tip.
1:27.9	When you're struggling, you need to lean on your community.
	...

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