902: Seeing Greene: Investing WITHOUT Burning Out and What We’d Do With $1M

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 27 February 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Want to build a real estate business? When done right, a real estate business could make you hundreds of thousands, if not millions, of dollars a year, even with a small team. You’ll be able to do dozens more deals, scale your portfolio faster, and find true financial freedom in a matter of years. But it won’t be easy. Starting a real estate business is one thing, but scaling it is a different beast. So, we’ve brought multimillion-dollar real estate business owners onto the show so YOU don’t make their early-stage mistakes. It’s a bird, it’s a plane, it’s…David with a green light behind him. You know what that means—it’s time for Seeing Greene, where David, Rob, and special guest James Dainard answer YOUR real estate investing questions. Fan-favorite guest Josh Janus is back to ask how to scale a real estate business and what to delegate first. A tax-smart investor asks whether to sell his home or keep it as a cash-flowing rental. Two investors close to retirement ask how to invest $1,000,000 and how to start investing as a later starter. 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 scale your real estate business when you’re feeling burnt out (and expert mistakes to avoid) The first things to delegate and outsource when building your business Whether to sell a house for a BIG gain or keep it as a cash-flowing short-term rental How to invest $1,000,000 and the problem with searching for “passive” income How to get into the real estate investing game as a late starter with a fair share of cash Some much-deserved review love for our very own Rob Abasolo 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 Join BiggerPockets for FREE 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 David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob' Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube BiggerPockets' Instagram Ask David Your Real Estate Investing Question Catch James on the “On the Market” Podcast From DoorDasher to $1.5 MILLION in Real Estate (All at 22 Years Old!) w/Josh Janus Books Mentioned in the Show SCALE by David Greene Connect with James: James' BiggerPockets Profile James' Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-902 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 902.
0:05.0	What's going on everyone?
0:07.0	This is David Green, your host of the Bigger Pocket's Real State Podcast.
0:10.0	Joined today by my buddy Rob Abisolo and guess what if you're watching on
0:15.4	YouTube you see it there's a green light behind me that can only mean one
0:19.0	thing we're at a green light just kidding this is a seeing green episode where Rob and I are going to take questions from you, the bigger pockets community, and do our best to answer them. And boy, this is probably one of the better shows that we have ever done. A lot of good stuff comes out of
0:33.5	today's show. A lot of yeah a lot of really good scenarios here we talked about
0:37.2	you know if you're getting started later in life in the real estate world how much
0:41.8	should you invest what niches is should you choose? What's
0:44.4	going to be the most profitable? And is it too risky to get started at all?
0:49.1	We're going to be getting into scenario questions, different opportunities, people that have done well, people
0:53.9	that have struggled and how we would either climb out of the hole that they're in or capitalize
0:57.6	on the advantages that they have.
1:00.3	All that and more in today's show.
1:02.4	So Rob and I are going to be covering what we would do with a million dollars free and clear to invest.
1:07.0	When we would keep properties and when we would sell properties based off the profit of each option,
1:12.0	options for how to invest later in life. sell properties based off the profit of each option.
1:13.0	Options for how to invest later in life and setting up future wealth for both you and your children,
1:18.0	as well as how to grow a real estate business when it is super challenging that's going to be our first
1:23.4	question we're going to be getting into that right now. All right our first question
1:26.7	comes from Josh who is a former podcast guest on episode 749 James Dainerd is
1:32.2	here to help me tackle this,
	...

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