Investing $20k and "Luxury" House Hacking: Advice for Getting Started

A listener shares their situation of being in debt and having $20,000 in savings, seeking advice on where to start investing. The speaker emphasizes the importance of being in a strong financial position and offers guidance on using leverage and considering buying a primary residence.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

Don’t know how to invest in real estate? If you’ve got $20K (or less) sitting around, there’s a good chance that you could start TODAY. With home prices still sky-high and most Americans under the impression that buying is out of the picture, David Greene comes in to save the day with the “sneaky rental tactic” that can help you start building a real estate portfolio for less than it costs to buy a car!

Welcome back to the long-awaited return of Seeing Greene. We’ve taken some of the BEST questions from BiggerPockets listeners just like you and rapid-fired them at David to get his take. In this show, a military couple is looking to start investing but doesn’t know where to begin. A wholesaler wants to buy rentals with a partner but doesn’t know how they should form an LLC. A high-earner debates whether a “luxury house hack” is worth the extra money. Finally, an active-duty family debates selling their homes, and a deputy sheriff wants to know where best to put her leftover cash from a home sale.

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 hop on a live Q&A and get your question answered on the spot!

In This Episode We Cover:

How to invest in real estate with $20K using the “sneaky rental tactic”

“Luxury house hacking” and why buying better properties may be worth the lower cash flow

Rental property LLCs and whether or not to form one for your future partnerships

When to sell your properties and whether or not a housing crash could be on the horizon

The “base hit” rental properties that will make you RICH when you retire

And So Much More!

Links from the Show

Find an Agent

Find a Lender

BiggerPockets Youtube Channel

BiggerPockets Forums