The BetterLife Podcast: Wealth | Real Estate Investing | Life

David Greene Shares 6 Ways to (Safely) Get Rich in TODAY’s Real Estate Market

Jun 18, 2024

Real estate expert David Greene discusses 6 strategies for success in today's market: making deals, BRRR, flipping, wholesaling, house hacking, and commercial investing. Topics include financing options, cap rates, and the importance of persistence and consistency in personal growth and investing.

46:33

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Episode guests

David Greene

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Quick takeaways

Invest in value creation rather than just finding deals in real estate.

Diversify real estate strategies to adapt to the current market conditions.

Utilize house hacking for high efficiency in real estate investing.

Deep dives

Importance of Learning from Successful People

To achieve success in various aspects of life, including real estate investing, it is crucial to learn from individuals who are proficient in those areas. By asking questions and gaining insights from successful individuals, one can broaden their perspective and gain valuable knowledge.

Choose Your Hard Thing and Excel at It

01:13

Managing Commercial Assets in Changing Market Conditions

02:30

Building a Machine, Not Just a Business

01:43

House Hacking: The Ultimate Strategy for Financial Prudence

01:27

Intro

4min

Strategies for Making Real Estate Deals Work

6min

Specializing in Real Estate, Burrr Strategy, and Developing Real Estate Goggles

4min

Innovative Financing Options for Real Estate Investing

5min

Challenges and Strategies in Real Estate Investing

22min

Encouraging Persistence and Consistency in Real Estate Investing and Personal Growth

5min

Ever heard the expression “what got you here won’t get you there”?

It’s especially true for real estate investors today. Instead of finding great deals – or getting bailed out thanks to rising values – you’ve got to make great deals and unlock hidden value.

So we brought in BiggerPockets Podcast host David Greene for a game of “How Do I…”, where he and Brandon break down 6 different real estate investing strategies, and how to execute each one – today – without putting yourself at risk of financial ruin.

Recorded in front of a live audience at the BetterLife REI Summit last month, this episode covers:
- Does traditional 20% down rental property investing still work in 2024?
- How to “make” the deal rather than finding it
- Two things you must do to successfully BRRR in today’s market
- Why this is actually a great market for flipping houses
- Is it a good time to wholesale?
- How House hacking is up to 7X more efficient than buying rentals
- The risks of commercial real estate investing in this environment
- A super-detailed breakdown of cap rates and commercial vs. residential financing

Books Mentioned:
- Traction by Gino Wickman
- Rich Dad Poor Dad by Robert R. Kiyosaki

This value-packed episode was part of the 2024 BetterLife REI Summit – hosted by the BetterLife Tribe, where we help you build wealth through real estate without losing your soul 🏄. Learn how to get involved here: https://join.abetterlife.com/tribe

Connect with David:

Books: https://store.biggerpockets.com/collections/more-by-david-greene

Website: https://the1brokerage.com/

BiggerPockets Podcast: https://podcasts.apple.com/us/podcast/biggerpockets-real-estate-podcast/id594419649

Instagram: https://www.instagram.com/davidgreene24/

TikTok: https://www.tiktok.com/@officialdavidgreene

Connect with Brandon:

📸 Instagram: https://www.instagram.com/beardybrandon

💻 BetterLife Tribe, Brandon’s Real Estate Investing Mastermind: https://abetterlife.com/

📸 BetterLife Tribe’s Instagram: https://www.instagram.com/betterlife/

💻 OpenDoor Capital, Brandon’s Real Estate Investing Company: https://odcfund.com/

📸 OpenDoor Capital’s Instagram: https://www.instagram.com/opendoorcapital/