877: Seeing Greene: DON’T Pay Off Your HELOC Until You Hear This...

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 23 January 2024

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Got a HELOC? Don’t pay it off…yet! Thinking of house hacking but are discouraged by the low cash flow numbers you’re getting back? Looking to invest in a high property tax state like Texas but are scared to swallow that big expense? All of these topics, and many more, are coming up on this episode of Seeing Greene! David is back to answer YOUR real estate investing questions with his partner in crime, Rob Abasolo. Today, these two investing experts are going to tackle topics like whether or not to buy a house hack that DOESN’T pay for itself, how to account for the HIGH property taxes in hot real estate markets, whether to keep a property you love or sell it for its huge home equity, how to NEVER work again and the fifteen vs. thirty-year mortgage debate, plus when you should NOT pay off your HELOC (home equity line of credit) early. 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: The problem with house hacking in 2024 and whether or not it’s still worth it When you SHOULDN’T pay off your HELOC (home equity line of credit) early Whether to keep, sell, or 1031-exchange a stable rental property you love The bright side of paying high property taxes for your rentals How to NEVER WORK AGAIN in fifteen years by following this one strategy 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 Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Henry's BiggerPockets Profile Henry's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube Episode 840: Seeing Greene: Rehab Costs, Renting vs. Owning, and The END of Real Estate? 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-877 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast Show.
0:03.0	What's going on everyone is David Green, your host of the BiggerPockets Real Estate Podcast.
0:07.0	The number one real estate podcast where we arm you with the information that you need to start building long-term wealth through real estate today.
0:14.7	As always on Seeing Green, we are answering questions from you, our listeners.
0:19.7	Yeah, today we're going to get into questions like, when is house hacking no longer a smart strategy?
0:24.2	How should property taxes factor into your market analysis?
0:27.2	And how do you know to sell a property even if it's cash flowing and even if you love it, David?
0:32.1	And most importantly, if you want a chance to ask your question,
0:35.2	please go to biggerpox.com slash David.
0:37.9	The link is in the description,
0:39.1	and if you have a burning real estate question,
0:41.1	pause this podcast, send me your question and then jump right back in.
0:44.6	And before we jump into this episode, a quick tip.
0:49.1	Are you doing something you haven't heard on this podcast before?
0:51.6	Well, we want to hear your tips and tricks.
0:53.2	Apply to be a guest on our show over at bigger pockets.com slash guest.
0:57.0	People ask me this all the time. It's very easy to remember bigger pockets
1:00.9	dot com slash guest fill out a form and if you're a fit for the show, you will get to share the mic with me and David Green.
1:07.0	We hope to see you there.
1:08.0	All right, let's get into this thing. Our first question comes from Gabriel in Greenville, South Carolina.
1:13.4	Hey David, my name is Gabe, I'm located in the Greenville, South Carolina market and I'm a
1:19.5	beginner investor, I'm looking for my first deal, really want to do a house hack, but I have a question about when you draw the line as to say house hacking is no longer a good strategy.
	...

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