The best way to build wealth isn’t always the most obvious. More people will take the passive road to wealth building, which is usually far slower, and much less efficient than the active path to wealth. The active investor takes time making calculated decisions that would scare almost every average investor. Flipping a house, renovating a rental, or buying a thirteen-unit apartment building may be a little too much for most people, but probably not too much for you.
If you’re looking to fast-track your way to millionaire status, have the passive cash flow to float you in retirement, and live life on your schedule, then real estate investing is probably your chosen asset. The guests of today’s Seeing Greene episode prove this even with their quick questions. In this episode, David will answer questions on which investing strategy is best over the next ten years, whether to invest in stocks vs. real estate, how to start investing with as little as $5K and up to $100K, and how increasing your leverage can slingshot your net worth.
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:
The 1031 exchange explained and how to turn one property into many
Single-family vs. multifamily real estate and which will make more in the next decade
Real estate coaching and why it might not be as good of a career as most people think
Stocks vs. real estate and which is better for the investor trying to build wealth now
Paying off debt vs. investing in real estate and how to know which move is right for your specific circumstance
How to start investing with as little as five-thousand dollars (even with no experience!)
And So Much More!
Links from the Show
BiggerPockets Youtube Channel
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BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
Get Your Ticket for BPCon 2022
Listen to All Your Favorite BiggerPockets Podcasts in One Place
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
David's BiggerPockets Profile
David's Instagram
Ask David Your Real Estate Investing Question
BiggerPockets Real Estate Podcast 639 with Matt Argersinger from “The Motley Fool”
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-657
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BiggerPockets Real Estate Podcast