822: Seeing Greene: The 10-Year Real Estate Retirement Plan (Use Home Equity!)

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 24 September 2023

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you know how to use your home equity, you can retire MUCH faster than most Americans. For the majority of homeowners, equity is just something to sit on, not something worth using. But what if you could convert your home equity into rental properties, cash flow, or even more appreciation? Where would you be in a decade if you used your equity to make even more equity in other properties? You could retire early, make more than you’ve ever imagined, and KNOW that your wealth is working FOR you. It’s Sunday, and David remembered to turn his green light on…you know what that means. We’re back with another episode of Seeing Greene, where real estate investors, rookies, and business owners shoot some of their most pressing questions at David. In this show, a young business owner wants to know how to sell (without sounding salesy). Then David describes how to use your home equity to buy even more properties, the best way to pull "wealth" from your rentals, how to retire in ten years, and why no one talks about the “BEAF” strategy of real estate investing. 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 retire in ten years (or less) by investing in rental properties in THESE areas Turning your home equity into more real estate and investor-only loans most don’t know about Extracting the wealth you’ve built without the tax man taking your gains Rental property upgrades that are ALWAYS worth the money (and which to skip) The new “BEAF” real estate investing strategy that says “NO” to cash flow 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 Davids's BiggerPockets Profile David's Instagram Subscribe to David’s YouTube Channel BiggerPockets Podcast 798 with Alex and Leila Hormozi BiggerPockets Podcast 810 with Greg Harden BiggerPockets Podcast 827 with Keith Everett (Coming Soon!) BiggerPockets Podcast 663 with Oren Klaff Book Mentioned in the Show Pillars of Wealth by David Greene The Small and Mighty Investor by Chad Carson SCALE by David Greene Pitch Anything by Oren Klaff Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-822 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 Pock's podcast show eight twenty two
0:04.2	If you want to make sure that every property you buy will fund the next property
0:08.7	You have to focus on equity because equity is financial energy kept within a real estate asset
0:13.8	And you draw that energy out and then go use it as the down payment on your next one
0:17.9	And this is the way you scale a portfolio. Let's go on everyone
0:20.7	It's David Green your host of the biggest the best and the baddest real estate podcast in the entire world
0:27.1	Where we arm you with the information that you need to start building long-term wealth through real estate today
0:32.7	This is where you're going to find current events new legislation new strategies and what's happening in today's market
0:38.9	So you can stay equipped and up to speed to crush it with the information that you need to navigate
0:43.7	What's quite frankly a very tough market, but I don't need to tell you that you're out there feeling it yourself
0:49.7	Today's episode is seeing green and if you haven't seen one of these these are shows where we take questions from you
0:55.4	The listener base and I answer them directly. They can be anything from specifics to generalities
1:01.3	It's really good stuff in today's show
1:03.3	We're going to focus on strategy that work today
1:05.5	Primarily what buying equity and forcing equity means and how you can make money in any market if you understand those two things
1:12.2	What to look for so that you can buy in the right area that accelerates your own wealth building. Yes, the location you choose does matter
1:19.9	How to make money in real estate even when cash flow is hard to come by and
1:23.7	Advice for starting a small business and increasing sales all that and more in today's seeing green episode
1:29.8	I can't wait to get into it. All right before we do today's quick tip is simple when making decisions on what to spend money on in your property
1:38.8	There's the goal of saving money and then there's also the goal of increasing revenue and you want to balance the two
1:43.8	I tend to lean towards wanting to only replace items that will last for a very long time
1:49.2	I don't like to put carpet and rentals and I don't like to put in things that look nice
	...

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