922: Seeing Greene: Signs It’s Time to STOP Investing in Real Estate

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 26 March 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

When is enough enough? When is it time to STOP investing in real estate? When you have a hundred units or a thousand? When can you step back and let the hard work and grind pay off so you can spend more time with your family, spouse, children, and loved ones? But maybe this is just the start of your real estate investing journey, so a better question would be: how to start investing when you DON’T have tons of money to get in the game? Whether you’re a couple of years away from early retirement or gearing up for your first rental, we’ve got you covered on this episode of Seeing Greene. Full-time real estate investors David and Rob are back to answer your investor questions! This time around, live-caller Ethan wants to know when enough is enough. He’s built a big real estate portfolio, but his spouse is asking, “What’s the end goal?” Next, David and Rob share what’s going on in their own lives and the “perfect storm” that hit David head-on that could be headed your way. A young house hacker wants to know the best plan for his property after he moves out: rent by the room, turn it into a long-term rental, or go the short-term rental route. Finally, a homeowner with some sizable equity but no extra money asks if she should sell her low-rate primary residence and exchange it for some investment properties. 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: Why you need to start preparing your short-term rental for spring and summer break NOW When to start raising rates on last-minute guests (HUGE revenue boost) What you MUST include in your listing before it’s spring/summer break Amenities that any host can add to their home to bring in more bookings Why seasonal photos make a huge difference to guests when browsing properties How to avoid parties at your property and guest red flags to watch out for Airbnb’s indoor camera ban and what to do if you have security cameras on your property 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 Hear Our Interview with AirDNA’s Jamie Lane AirDNA PriceLabs David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube BiggerPockets' Instagram Ask David Your Real Estate Investing Question BiggerPockets Podcast 795 with Chad Carson BiggerPockets Podcast 492 with Rob Abasolo Forum Post: Sell Primary Residence to Use Equity for Rentals? Check Out Rob’s New Short-Term Rental, The Pink Pickle Book Mentioned in the Show: SCALE by David Greene The Small and Mighty Real Estate Investor by Chad Carson Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-922 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 922.
0:05.0	What's going on everyone?
0:06.0	This is David Green, your host of the BiggerPockets Real Estate Podcast.
0:09.0	Here today with a Seeing Green episode and I'm joined by Rob Abbasolo. We've got an awesome
0:14.8	episode for you. If you've never heard a seeing green show, we take questions
0:19.1	from you, our listener base, and we answer them for everybody to hear today show starts off with a live
0:23.9	question where we go back and forth with the caller and then we have some recorded and
0:27.7	written questions that we share with everybody we're gonna talk about
0:30.7	house hacking we're gonna talk about options to scale when it comes to house hacking.
0:35.2	We're going to be talking about what happens when you hit lightning in a bottle and you grow a big portfolio
0:38.8	and you're not sure what to do next.
0:41.1	And we're going to be talking about if you should keep a property with a lot of
0:43.4	equity and a great rate or if you should sell it and start scaling a new portfolio.
0:48.6	All that in more in today's seeing green.
0:50.9	Rob, how you feel today?
0:52.3	I'm excited. I'm excited for the curveballs that are going to be
0:55.1	thrown our way and I'm excited to hit some home runs hopefully for everyone at home. Help them get a little
1:00.0	perspective on how to do this whole real estate thing. Yeah, so let's see how Rob does when he takes his at bats.
1:05.9	Let's get into our first question today from Ethan.
1:08.5	Oh, before we jump into it, just a quick reminder, if you ever want to submit your own questions for a seeing green episode head on over to bigger pockets dot com slash David and who knows maybe we'll pick a ruski one of your cues
1:22.3	all right our first question comes from Ethan here.
1:25.0	Ethan's got quite the portfolio.
	...

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