852: Seeing Greene: Subto “Speculation,” Airbnb Automation, & New Build Financing

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 4 December 2023

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is “subject to” real estate investing a mistake? Why is cash flow SO hard to find? And what do you do when you overpay for a property? With so many ways to build wealth with real estate, you’ll also need to be aware of the pitfalls. If you don’t know what you’re doing, you could end up with a property you paid too much for, with no cash flow and empty pockets. Thankfully, this is BiggerPockets, so we’re going to give you all the tactics you need to make your next investment a home run. Put on your green-tinted goggles because David does NOT have a green light for this Seeing Greene episode. Due to this unforgivable offense, we brought another expert investor, Rob Abasolo, on to help David answer some of YOUR real estate investing questions. First, we hear from an investor who makes some great cash flow from her short-term rental but wonders if it’s worth all the work. Next, an investor finds out that his new build property is selling for a significant discount—can he get out of the deal? Similarly, an ADU (accessory dwelling unit) investor is looking to develop but doesn’t know the best way to finance his new construction. David also answers some questions from the comment section about why investors stopped chasing cash flow so much. And finally, a realtor is concerned about the amount of subto (subject to) “speculation” in today’s industry. Are his concerns legit? Stick around; we’ll get into it all in this episode! In This Episode We Cover: How to automate your short-term rental so you do less work What to do when you realize you’ve overpaid for a property How to fund a new development with equity, construction loans, or both Why cash flow is NOT the only thing to focus on anymore Subject to speculation and whether overpaying to lock in a low rate is EVER worth it 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 Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube How to Fund Real Estate Deals Right Now w/Zach Lemaster Don’t Chase Cash Flow! Use THIS Metric to Analyze Your Deals Subject To Real Estate: Why Investors Should Add This Tool to Their Arsenals Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-852 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 BiggerPockets Podcast Show 852.
0:04.0	What's going on everyone? This is David Green, your host of the Bigger Pockets Podcast,
0:08.0	where we arm you with the information that you need to start building long-term wealth through real estate today in an ever-changing and even more
0:14.8	complex market we're here for you. Today we cover several different topics including
0:20.2	if a short-term rental is more headache than you wanted and if you should pivot strategies to switch.
0:26.0	What to do when you've locked in a new build property but overpaid and the contract is not working in your favor.
0:32.0	If you should chase after sub two deals, bird deals,
0:36.3	or if there's a different way to look at real estate investing as a whole,
0:40.0	as well as your comments, which you definitely want to stick around for because we've got some spicy ones from YouTube that we talk about in today's show and to help me cover these spicy topics I brought in the resident expert on spiciness cooking
0:55.7	like curry himself Rob Abisolo to join me on today's seeing green.
0:59.4	Right and then we also get into the philosophical debate on if Chilula is actually spicy.
1:04.0	So you're going to want to stick around to find out the answer to that.
1:07.0	Spoil alert, it's not.
1:09.0	I got Mexican food last night and they had Tapateo here in Maui and I was so happy.
1:13.7	That's what it was. I mean topetio is delicious. I put it on I put it on everything I
1:17.4	just don't think it's that spicy. That's a bit of a lightweight flex
1:20.8	isn't it? This is like when people don't want to tell you they're skinny so they just say they're cold or and people don't want to say they're rich so they're just like oh I owe so much in taxes this year. Rob's over here like top it to you you consider that spicy oh my gosh I put it on my ice cream well you know I am
1:35.1	Mexican so I can handle spice a little bit more than than probably the average person
1:39.8	you certainly are you my friend are a Mexican a Mexican. And that is why I have you on today's show.
1:46.7	All right, before we get into our first question and I promise you guys are going to love today's show.
1:50.4	It is funny, it is entertaining, and we tackle the things that quite frankly other
1:54.2	podcasts are afraid to venture into.
	...

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