840: Seeing Greene: Rehab Costs, Renting vs. Owning, and The END of Real Estate?

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 5 November 2023

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

Could the end of real estate investing already be upon us? How do you know how much to spend on a renovation before buying a house? And is a negative cash flow rental EVER worth investing in? On this Seeing Greene, we’re answering the tough questions you’ll be forced to ask in a hard housing market so you can build wealth while the masses run for the hills. Thankfully, David has his co-pilot on this episode! David and Rob are back to answer YOUR real estate questions, EVEN if you’re too scared to hear the answers. On today’s show, a live caller asks, “How do I get a renovation estimate BEFORE bidding on a BRRRR?” If you’ve stressed over which comes first, the bid or the buy, stick around. We’ll also touch on negative cash flow and when it makes sense to buy a rental that’s losing money every month (there’s a science to this). Then, for all you doomsayers, David and Rob give their take on what happens when the population declines, and no one is left to rent houses. Finally, we answer the age-old question, “should I rent or 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 jump on a live Q&A and get your question answered on the spot! In This Episode We Cover How to estimate rehab costs BEFORE you bid on a BRRRR When it’s worth it to buy a “cash flow negative” rental property The secret to getting out of ANY contract if you need to exit a deal The long-term effects of declining populations and whether real estate investing could meet its end Renting vs. buying and when it makes sense to invest while you're still a renter And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-840 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 840.
0:05.0	What's going on everyone? It is me David Green, your host of the Bigger Pockets Real Estate
0:09.4	Podcast, the biggest, the best, the baddest real estate podcast on the planet for a long time
0:15.0	bringing you what you need to know by real estate to stay up to speed current and in the
0:20.6	know of what's going on in this market which is changing now more than ever.
0:25.6	In today's episode Rob Abasol and I will be handling it seeing green style.
0:30.3	Now normally there's a green light behind me that's not the case right now because I am traveling to promote
0:35.3	pillars of wealth, but that doesn't stop us from bringing you educational, powerful, and free real estate content.
0:42.1	In today's show, ooh, you're going to love it. We get
0:45.0	into sequencing the work for rehab projects. What is the order that you should do
0:49.7	when it comes to getting pre-approved, getting bids on construction, ratting offers, moving forward with
0:54.0	the escrow, and strategies you can use to put that in your favor.
0:58.2	When cash flow is or isn't appropriate, this is a really good discussion about the complicated question
1:04.8	of is it okay to cash flow negatively if I'm making a lot of money and what needs to
1:08.8	go into that question. With the aging population is real estate a risk long term. I thought that was a really good discussion that we had as well
1:16.2	Rob with like what are the factors that make real estate go up or down in value and what will that be like in the future if the population of America stops increasing
1:24.8	like other first world countries have?
1:28.4	And can I own real estate while still renting where I live?
1:31.8	All that in more on today's show.
1:34.8	But before we get to our first question,
1:36.5	today's quick tip is simple.
1:39.2	Get your team together, build your core four
	...

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