831: Seeing Greene: Depreciation 101 and When to Sell a Reliable Rental

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 15 October 2023

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

“Should I sell my rental property in 2023?” If you own investment property, you’ve probably asked yourself this numerous times over the past ten months. Prices are high, inventory is low, and your appreciated property’s profits could be turned into even more rental units, making you wealthier over time. So, how do you know if selling and swapping is the best move to make? Or, if you do sell, could you be missing out on even more wild appreciation potential? Let’s find out! Welcome back to Seeing Greene, where your investor, agent, lender, big guy at the gym who helps you with your form, and mentor, David Greene, is here to answer your real estate investing questions. This time, we hear from a Canadian investor debating selling her pricey Toronto triplex for cash-flowing American real estate. Then, David shows you exactly where to find rental property leases, when pulling out equity may not be a good idea, what to do when you CAN’T get home insurance, and how to calculate depreciation on your next rental. 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: When to trade your reliable rental for more doors and bigger cash flow Lease agreements and whether making your own or using a property manager is a better bargain HELOCs, 401(k) loans, and the right way to pay off debt FAST The home insurance crisis and what to do when you can’t get coverage for your rental Calculating depreciation on a potential property and when tax savings AREN’T worth doing another deal 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 Ask David Your Real Estate Investing Question Davids's BiggerPockets Profile David's Instagram Subscribe to David’s YouTube Channel Get Lawyer-Reviewed Lease Forms for Your Rental BiggerPockets Podcast 728 on Medium-Term Rentals BiggerPockets Podcast 819 on Insurance Crisis BiggerPockets Podcast 820 on Late Starter’s Guide Books Mentioned in the Show Pillars of Wealth by David Greene Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-831 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 831.
0:04.8	The question would be, are those three triplexes going to appreciate at the same level or
0:10.0	better than the one in Toronto?
0:11.8	Are you able to add value to those three triplexes?
0:14.8	Are you going to be able to buy fixer uppers, put some elbow grease into them, make them
0:18.3	worth more?
0:19.3	Are you going to be able to buy them below market value and buy some equity?
0:22.5	What you need to do is look at your potential opportunities that Sarah had.
0:26.1	We have $500,000 in the U.S. where would we put it and how would we grow it?
0:30.3	What's going on everyone?
0:31.3	This is David Green, your host of The Bigger Pockets Real Estate Podcasts here today with
0:36.6	the Seeing Green episode.
0:37.6	And yes, I remember it to turn the light on green behind me.
0:41.2	I love it whenever I remember.
0:42.8	If you haven't heard one of these shows, they're very cool.
0:45.4	We take questions from you, our listener base, and answer them directly for everyone
0:49.4	to hear.
0:50.4	One of the only real estate shows where the host, me, takes your questions directly, does
0:54.4	my best to answer them?
0:55.4	Let's everybody else here.
0:57.0	Today shows pretty cool.
0:58.6	We've got questions about how to compare properties in an apples to apples way.
	...

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