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BiggerPockets Real Estate Podcast

927: Seeing Greene: Refi vs. “Recast,” Tax-Free Equity, & When to Cut Your Losses

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.816.6K Ratings

🗓️ 2 April 2024

⏱️ 47 minutes

🧾️ Download transcript

Summary

When is it NOT worth taking a capital gains tax exemption? Wouldn’t it ALWAYS be a good time to pay Uncle Sam less? Not exactly…and today, we’re going to get into why. But there’s much more coming up in this Seeing Greene. If you’ve had trouble with an overbudget home renovation or are a real estate agent looking for new ways to find leads, stick around—we’ve got just what you need. BRRRRman and Rob-in are back as our housing heroes, answering any and every question you have about real estate investing. First, Ronnie, a new real estate agent and full-time law enforcement officer, wants to know how to get more leads in his small market. David gives one piece of advice EVERY real estate agent must hear to help explode their businesses. Next, we discuss refinancing vs. recasting your mortgage and when each is worth it. A house hacker debates reinvesting in his backyard tiny home or buying a house in cash. Then, we talk about why selling your former primary residence, even with a capital gains exemption, might not make sense. And finally, a rehab gone wrong causes an investor to question whether it’s time to hold ’em or fold ’em. 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 get more real estate leads as an agent no matter the size of your market “Recasting” your mortgage and how it can save you hundreds or thousands every month Reinvesting in a rental or buying a new one in cash using a cash-out refinance Avoiding capital gains taxes when selling your primary and whether to move that cash into a new rental OR keep the property Home renovations gone wrong and when to sell a property you’ve gone over budget on 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 Ask David Your Real Estate Investing Question 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 Meet Investors in Your Area on the BiggerPockets Forums or at a BiggerPockets Meetup: Forums Meetups Grab David’s Book, “SCALE” Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-927 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.

0:02.0

What's going on everyone?

0:03.0

This is David Green, your host of the BiggerPockets Real Estate Podcast,

0:06.0

the show where we arm you with the information

0:08.0

that you need to start building long-term wealth through real estate

0:11.0

today.

0:12.0

We've got a Seeing Green episode with you and I brought back up. I got

0:15.0

Robbie Abbasolo here joining me today. We've got an amazing show. We're going to be covering

0:20.3

several topics including if you should invest extra

0:23.0

capital in a house hack or save the money to get additional properties.

0:26.3

When to sell your primary residence to take advantage of the tax

0:30.1

exceptions for it and when to keep it.

0:32.3

And we're also going to be talking

0:33.5

gree casting and how that could be a significant play for you if you have the option.

0:39.9

That's right if you've ever wondered what happened to Judy and family Matters, we've got the answers for you, along with some real estate stuff today on Seeing Green.

0:47.0

Up first we have Ronnie from Napa, Myhood, joining us live with his question about how to generate leads for his real estate business

0:54.9

while working a full-time job.

0:57.0

And as always, please remember, we would love your comments.

1:00.4

We want you to be featured on an episode of seeing green so head over to

1:03.0

biggerpox.com slash David and submit your questions there let's jump into it

1:07.2

with Ronnie. All right our next question comes from Ronnie Galindo, Ronnie like

1:12.1

me and one of the realtors on my team.

...

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