973: Seeing Greene: Retiring Early, ARMs vs. Fixed-Rate Mortgages, & When to Sell

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Investing, Business

4.8 • 16.6K Ratings

🗓️ 18 June 2024

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

Want to retire early? Real estate investing might be your best bet. Looking to boost your cash flow and expand your real estate portfolio, too? In today’s show, we’re sharing how to use home equity to build wealth the RIGHT way, plus the “portfolio architecture” secrets that enable you to retire earlier than you thought. Whether you’ve got one rental or a hundred or are just starting to dig into real estate investing, we’ve got the investing information you need on this Seeing Greene to reach true financial freedom. First, an investor sitting on $300,000 of equity asks what he should do: sell his current rental property and buy more OR convert the single-family home into a multifamily investment. The answer isn’t as clear-cut as you’d think. Next, we discuss whether ARMs (adjustable-rate mortgages) vs. fixed-rate mortgages are your best bet for a lower mortgage rate. Plus, we'll share the five BIG mistakes new real estate investors can make. Finally, David describes “portfolio architecture” to an investor who wants to retire by age fifty. He CAN get it done, and you can, too, IF you follow David’s massive passive income plan! Want to ask David and Rob a question? If so, submit your question here so they can answer it on the next episode of Seeing Greene, or hop on the BiggerPockets forums and ask other investors their take! In This Episode We Cover How to retire earlier with rental properties by strategizing your “portfolio architecture” Using home equity to invest and whether you should renovate a property or sell it and buy more rentals Adjustable-rate mortgages (ARMs) vs. fixed-rate mortgages and the “rate roulette” you could be playing Five real estate investing beginner mistakes you should avoid when using the BiggerPockets Forums How to explode your cash flow by converting your long-term rental into a short or medium-term rental And So Much More! (00:00) Intro (01:31) Buy More Rentals or Convert Current One? (07:33) ARM vs. Fixed- Rate Mortgages (16:43) 5 Mistakes New Investors Make (21:08) Portfolio Architecture (Retire Early!) (32:05) Moving “Lazy” Equity (42:09) Note Investing 101 (51:12) Starting a Business (53:50) Ask Us Your Question! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-973 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	Repositioning Equity, when it's worth converting a single family house into a multifamily property,
0:05.5	or you should just buy more properties.
0:11.6	What's going on everyone? This is David Green, you are host of the BiggerPockets
0:15.8	podcast. Join with my good friend and fellow co-host Rob Albisolo on a Seeing Green
0:21.2	episode. If you're listening to this podcast, you are part of the growing and thriving BP community
0:26.8	and this show is where we get to connect with community members like you directly by answering
0:30.8	listener questions that everyone can learn from.
0:33.0	Rob and I will be sharing our years of real estate experience,
0:36.3	knowledge, and know-how with all of you
0:38.4	to help you build wealth through real estate.
0:39.9	Rob, what can people expect out of today's show?
0:42.1	All right, we're talking about some pretty get the most out of the bigger pockets forums.
0:47.0	This is just filled with five tips here that are going to help you really excel in your real estate career.
0:53.0	We're also going to be talking about gambling with interest rates
0:56.2	and when you should take an adjustable rate mortgage
0:58.9	and when you should pass.
1:00.4	That's right.
1:01.0	And make sure you listen all the way to the end of the show where I jump in with Mindy Jensen answering questions from a gentleman who's trying to get to financial independence faster so we can quit his job
1:10.7	So Rob good news you're only gonna to have to be here for a short
1:13.4	period of time and then you'll be free to go get some Chipotle.
1:16.3	Fantastic. Well hey one quick thing before we get started today if anyone at
1:20.4	home wants a chance to ask their question, feel free to head on over to
	...

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