937: Seeing Greene: Paying Off Rentals, Estimating Crime, & Replacing Your Salary

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 16 April 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Should I pay off my rental property or reinvest? How do I replace my six-figure salary with cash flow from real estate investing? And what’s the best way to analyze crime BEFORE I invest in an area? You asked, and we’re here to answer on this episode of Seeing Greene as we take questions from rookie real estate investors, veterans in the rental property game, and everyone in between. If you want to scale your portfolio faster or quit your job with real estate, this is the place to be! First, we take a question from a high-earner asking whether they should pay off their rental properties OR use their extra money to build a bigger portfolio faster. A fledgling house hacker wants to know the best way to analyze an investing area for crime now that many online listing websites have taken down this data. A business owner is struggling to find real estate write-offs and asks for help, and a rental property investor needs to know which commercial real estate investment boasts the biggest cash flow. Finally, an anonymous question comes in from a techie who’s about to lose their job. How can they replace their six-figure income with rental properties fast? 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: Whether to pay off your mortgages early or reinvest to build a bigger portfolio Replacing your salary with real estate income and why you may want to get a job instead How to analyze an investment area for crime with limited online data The short-term rental tax loophole that could save you a TON on taxes Will an ADU (accessory dwelling unit) add value to your property on an appraisal? Cash-flowing commercial real estate investments and why top investors pay attention to something else 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 Ask Other Investors Their Takes on a Neighborhood Rookie Podcast 368 - Pay Less Tax to the IRS This Year With THESE Real Estate Tax Strategies w/Natalie Kolodij Real Estate Podcast 823 - The Tax-Free Strategy Only Real Estate Investors Can Access Real Estate Podcast 919 - How to Use Real Estate to Quit the 9-5 Grind Get a Short-Term Rental Cost Segregation Books Mentioned in the Show Pillars of Wealth by David Greene Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-937 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 Pockets Podcast Show 937.
0:05.0	What's up everyone? It's David Green, your host of the BiggerPockets for real estate podcast.
0:10.0	Here today with a Seeing Green special joined by Rob Abisolo in a green sweatshirt.
0:15.1	What's going on Rob?
0:16.0	Ahoy, I'm excited, I'm ready to traverse the world.
0:20.0	I just booked a 20 day stint in Copenhagen.
0:23.2	If you guys aren't following Rob on Instagram you need to be.
0:25.5	It was a, I was on the edge of my seat for days as he was going back and forth sharing,
0:30.8	where will I be traveling, will it be Holland, will it be Copenhagen, will I be traveling will it be Holland will it be Copenhagen will it be Bosnia I wasn't sure what you're going to decide on but you end up up with Copenhagen.
0:38.0	I did yeah so I'll be I'll be coming live for y'all from five hours ahead. I'm a little nervous about the time change
0:44.4	This gonna be great. All right, you know what else is great? Today's freaking show
0:47.7	We've got tons of good topics including how to navigate tax benefits as a business owner and real estate investor who doesn't like saving in taxes
0:55.6	How to find crime data for buying in a neighborhood that you might want to live in
0:59.7	cash flowing commercial real estate thoughts how to improve the value of commercial real estate thoughts, how to improve the value of commercial real estate, and what to do when you think your job might be on the chopping block.
1:08.0	Some really good stuff here, and up first we're going to talk about using extra income to pay off your rental mortgages early or putting
1:14.9	that money towards cash flowing real estate.
1:17.2	And most importantly, we can't do this show without y'all.
1:20.0	So go submit your question over on bigger pockets.com slash David.
1:24.4	Pause this really fast and send me your question and then jump back into the pod.
1:28.4	Let's do it. Let's get into it.
1:30.0	Hi David. My name is Jerome from Houston, Texas, and my question is the following.
1:34.3	I am about to buy my first investment property, and my monthly income allows me to make
	...

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