Everything You Need to Know About Real Estate Investing!

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Investing, Education, Business

4.7 • 3.1K Ratings

🗓️ 29 July 2022

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

We talk a lot about investment accounts like your 401(k) and Roth IRA, but people ask us all the time for our advice on real estate. So we put together a compilation of some of our favorite advice on all things real estate - when should you start investing in real estate; and how exactly should you do it? You won't want to miss this one! Timestamps: 0:37 - 3 Big Myths About Real Estate Investing 5:01 -This is What Makes Real Estate Investing So Powerful 07:46 - How to Get Started in Real Estate Investing 31:02 - Is Real Estate a Great Hedge Against Inflation? 34:28 - When Should You Start Investing in Real Estate? 40:06 - Should You Save Up For Real Estate Using Index Funds? 43:58 - How Much Should You Spend on a Home Remodel? 49:54 - Is Buying a Duplex as a First Home a Good Idea? 52:38 - Should I Sell or Rent My Condo When I Move? 57:30 - What Should We Do With the Extra Money After Selling Our Home? Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - Sign up for our Financial Order of Operations course - Get easy to understand answers to your financial questions Follow us on social media! -Instagram -Twitter -Facebook -TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Brian Preston, the money guy, restoring order to your financial chaos, retirement,
0:07.2	investing, taxing.
0:09.0	You've got financial questions, he's got financial answers.
0:12.6	It's Brian Preston, the money guy.
0:15.3	I'm really excited about this show because people know oftentimes we talk about the stock
0:21.2	market or mutual funds or that type of investing and a lot of people have been saying to us,
0:25.5	you guys don't ever really weigh in a ton on real estate investing.
0:29.2	We talk a lot about personal finance and how to think about making wise decisions when
0:33.4	it comes to buying a house, but you never talk about it as an investment piece.
0:37.8	Let's jump into the first thing I want to cover is the three myths about real estate investing.
0:43.4	I think a lot of folks think about real estate.
0:45.5	The first thing that comes up is the YouTube video, the guy telling you how you're going
0:48.5	to go be the gazillionaire investing in real estate and it's so easy, just do these things
0:53.8	and you're going to knock it out of the park.
0:55.7	Unfortunately, we don't think that that's necessarily a true statement.
0:59.1	Well, the term passive in real estate, it makes my hair stand up on my arms a little
1:06.2	bit because a lot of people, I think they have this visual that they're going to go to
1:10.9	the mailbox, pull out a check and go, it's my monthly rent check from my loving tenants.
1:17.9	That's right.
1:18.9	They love my rental property and you go to all these YouTube videos out there where
1:22.2	there's all these people that are pushing real estate and they all have sales systems.
1:26.8	That's what I think is awesome.
	...

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