887: Seeing Greene: Your Last Chance Before the House-Buying “Tsunami” Hits?

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 6 February 2024

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Got just enough savings to buy a rental property? Before you pull the trigger, you’ll want to hear today’s episode because you could be making a big mistake. Speaking of buying, are future rate cuts going to push mortgage rates down so low that buyers and bidding wars flood the market? Is this your last chance to get in before home prices shoot back up? Don’t worry; we’re getting to all these questions in this week’s Seeing Greene. David is back and better/balder than ever as he answers your real estate investing questions. First, a young house hacker wants to know what he should do when there are no good deals in his area. Then, another young investor debates whether they should buy a rental or invest in stocks instead. Unfortunately, there’s one big problem he’s overlooking. A new investor wonders if she should dump her ENTIRE savings into a second home, and a realtor asks for lead generation tips. Finally, David gives his take on what will happen when mortgage rates finally fall this year. 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 when you can’t find a cash-flowing deal in your area Whether to invest in real estate, invest in stocks, or keep saving and wait Mortgage rate cut predictions and the “tsunami” of buyers that could flood the housing market The BIG problem with dumping your savings into a rental property The TRUTH about real estate investing that none of the gurus will ever tell you How to get more real estate leads by NOT following the basic agent/investor trends 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 Dave's BiggerPockets Profile Dave's Instagram David's BiggerPockets Profile David's Instagram Henry's BiggerPockets Profile Henry's Instagram Grab the “Picking a Market Worksheet” Catch Dave and Henry on the “On the Market” Podcast Census Reporter ChatGPT FRED Books Mentioned in the Show: Pillars of Wealth by David Greene The Small and Mighty Real Estate Investor by Chad Carson SOLD by David Greene Jab, Jab, Jab, Right Hook by Gary Vaynerchuk Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-887 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 887.
0:04.0	What's going on everyone? This is David Green, your host of The Bigger Pocket's Real Estate
0:08.4	podcast. Today we've got a Seeing Green episode. If you haven't been here for one of these you're in for a treat. We take
0:14.4	questions from you, our community, and our listener base and we put them out there for everyone to
0:19.2	hear as I do my best to answer them based on the information the knowledge and the experience
0:23.5	that I have developed over about 15 years of investing in real estate myself.
0:28.8	In today's show we covered what could happen if rates drop below 6%?
0:33.0	What to do if buying real estate will eliminate your savings?
0:37.0	How to improve your digital footprint and marketing as an investor and more?
0:41.0	And most importantly, if you want to ask your question on this show we want you to
0:45.8	head over to biggerpox.com slash David the link is in the description go ahead
0:50.2	pause this show send me your question and then jump back in and listen to the rest.
0:54.9	All right, up first we have a question from Nasir, who is asking how to house hack when the location
0:59.6	may not be the best and good deals are hard to find. Let's get into it.
1:04.5	Hi, my name is Nasir Smith and I'm 22 years old and I'm a fresh second lieutenant
1:09.3	in United States Air Force who just graduated from college recently. I'm about to move to Moody Air Force Base in
1:15.3	Georgia, which is about two and a half hours from Jacksonville City, Florida. I plan to use my
1:21.8	FHA loan slash VA loan once I get qualified for it to purchase my first real estate rental property in house act
1:28.8	But my question to you guys is if the area that I'm going to be in isn't that, doesn't have that many good deals around me,
1:36.3	what would you recommend I do?
1:38.1	I don't have that much capital because, you know, I just graduated from college.
1:42.3	So what would you recommend?
	...

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