Have a rental property? What if you could use it to buy even more rentals, build your real estate portfolio, and have a steady stream of passive income flowing into your bank account? On today’s Seeing Greene, one viewer is asking exactly how to do that, and while his strategy could work, it may not be the best move with mortgage rates so high and deal flow so low. So, what would David do instead?
It’s Sunday, so we’re taking listener questions directly from rookies, veteran investors, and those wanting to retire early. In this episode, David pokes holes in the “cash-out refinance to buy a new property” strategy. We also hear from two late starters who want to get a jump on their retirement, a burnt-out property manager looking for the best way to scale, an equity-heavy investor who’s debating buying a rental or lending out his money, and a reviewer who was scammed by the real estate “gurus.”
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 use your home equity to buy more rental properties and build a real estate portfolio
How to retire early, build a nest egg, and create cash flow as a late starter
Scaling your real estate business and whether you have what it takes to do so
The real estate “gurus” who will take your money and run (and telltale signs of a scam)
Why quitting your job for real estate isn’t a smart move to make (especially in 2023)
Private money lending vs. property investing and which will make you more money
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
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
Davids's BiggerPockets Profile
David's Instagram
Subscribe to David’s YouTube Channel
The Late Starter’s Guide to Retirement with Real Estate (40s, 50s, or 60s!)
Warning: Why You Shouldn’t Buy What the Gurus Are Selling
Books Mentioned in the Show
Pillars of Wealth by David Greene
SCALE by David Greene
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-825
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BiggerPockets Real Estate Podcast