882: Seeing Greene: How Do I Start Investing When There’s NO Cash Flow?

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 30 January 2024

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

A few years ago, everyone was wondering how to start investing in real estate, but now the question has switched to “Is it too late?” If you’re stuck on the sidelines but want to get into the real estate investing game, this Seeing Greene is for you. The man of the people is back for another Seeing Greene-style show! This time, David is answering questions from new investors, experienced investors, and everyone in between. First, we’ll hear from an investor who’s wondering about the value of a low mortgage rate, especially when buying a new build. Is a lower rate worth a higher price? Then, David tells you how to convert your home equity into a new investment property and what you MUST know before getting into commercial real estate. A college student wants to know how to use his $20K savings, and a “late starter” searches for cash flow in a market that’s dry as a desert! 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: What to do with $20,000 if you want to start investing in real estate How to create cash flow when rental properties DON’T profit in your market Using your home equity to invest in BIG properties (commercial real estate investing 101) Why a low mortgage rate ISN’T everything and other factors you MUST check before you buy a deal The tricky mortgages you MUST look over BEFORE you sign (you could be surprised!) 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 Ep 869: Why NOW is The Time to Buy a House (BEFORE Rates Go Down) How to Start a Real Estate Portfolio with Just $10K Books Mentioned in This Show Pillars of Wealth by David Greene Long-Distance Real Estate Investing by David Greene Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-882 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 Bigger Pocket Podcast Show 882.
0:04.7	What's going on everyone?
0:06.0	Guess what? We got a green light special for you.
0:08.4	If you haven't seen one of these shows before,
0:10.1	you were in for a treat.
0:11.6	Today we have a seeing green show where I take questions from you
0:15.0	our listener base and I answer them for everybody else to hear
0:18.0	so we can all build well together.
0:20.0	Today's show is awesome.
0:22.0	What to do with $20,000 if you're in college and looking to start investing.
0:26.0	How to get started later in life in a market where finding cash flow is harder than ever and more in today's seeing green.
0:32.4	And if you're new to the show, in today seeing Green.
0:32.6	And if you're new to the show, I'm David Green.
0:34.8	I'm a former law enforcement officer who saved up a bunch of money working overtime and
0:38.2	working in restaurants, bought some rental properties, then bought a bunch more, learned
0:42.2	how to use the Burr method, bought out of state,
0:44.8	built a pretty big portfolio, got a real estate license, got a brokers license, run real estate teams,
0:49.2	run mortgage companies.
0:50.2	I've basically been immersed in all things real estate and my guess is you have to and that's why you're here in these shows I take my
0:58.3	Experience in real estate and I share it answering the questions that people have where they're stuck in their journey or they want to accelerate their success.
1:05.4	Our first question comes from Tomey, a frequent question asker, who wants to know about valuing a lower mortgage rate when purchasing a property subject to.
1:15.0	Hey David, this is T only in San Antonio.
	...

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