825: Seeing Greene: Early Retirement, Private Lending, & The $10,000 “Guru” Trap

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 1 October 2023

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

Have a rental property? What if you could use it to buy even more rentals, build your real estate portfolio, and have a steady stream of passive income flowing into your bank account? On today’s Seeing Greene, one viewer is asking exactly how to do that, and while his strategy could work, it may not be the best move with mortgage rates so high and deal flow so low. So, what would David do instead? It’s Sunday, so we’re taking listener questions directly from rookies, veteran investors, and those wanting to retire early. In this episode, David pokes holes in the “cash-out refinance to buy a new property” strategy. We also hear from two late starters who want to get a jump on their retirement, a burnt-out property manager looking for the best way to scale, an equity-heavy investor who’s debating buying a rental or lending out his money, and a reviewer who was scammed by the real estate “gurus.” 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 use your home equity to buy more rental properties and build a real estate portfolio How to retire early, build a nest egg, and create cash flow as a late starter Scaling your real estate business and whether you have what it takes to do so The real estate “gurus” who will take your money and run (and telltale signs of a scam) Why quitting your job for real estate isn’t a smart move to make (especially in 2023) Private money lending vs. property investing and which will make you more money And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-825 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 825.
0:04.3	I think we all need to get rid of this virus that's gotten into our minds, that money should
0:08.8	be passive, that we should just exist, and we did hard work in the past, and now money
0:12.7	just flows to us, and it just comes.
0:14.9	That is not how it works.
0:15.9	You don't get really fit, and then never work out again, and just stay fit forever.
0:19.7	You're always working out.
0:21.2	However, the work it took to get in shape is much harder than the work it takes to stay
0:25.1	in shape, and business is the same way.
0:27.1	It will work very hard to get in good business shape, and then it's just about maintaining
0:30.8	it.
0:31.8	It's not that difficult.
0:32.8	What's going on, everyone, is David Green.
0:33.8	You are a host of the Bigger Pockets Real Estate Podcast, the biggest, the best, and
0:37.6	the baddest Real Estate Podcasts in the world.
0:41.0	Every week bringing you up-to-date content, stories from other investors, or episodes
0:46.0	like today, which if you can tell because you're watching on YouTube from the green light
0:50.0	behind me is a seeing green, or if you just read the title to today's show, congratulations
0:56.4	for being smart.
0:57.4	In these episodes, if you've never heard one, we take questions directly from you, our
1:01.2	listeners, and I answer them, giving you the green perspective on what I think people
1:05.6	should do, what should be considered, or what options they may have.
	...

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