Episode #765
Real estate investing was never meant to be easy, but there are a few ways you can get started without putting a ton of your money or time at risk. Most real estate investors go gung-ho from the start, buying as many cheap rental properties as possible, only later to realize their mistake. But here’s the thing; you don’t need to invest in sketchy markets or buy dirt-cheap rentals to make money, you just need a bit of creativity if you want to get ahead.
On this episode of Seeing Greene, we’re taking you through a plethora of investing strategies. We talk about how to invest in real estate when at the tail end of your career, whether to convert your garage into a rental or buy an out-of-state investment, the true cost of holding onto a risky rental property, and why your “cash flow” numbers probably aren’t what they seem. And, if you’re a young investor thinking of skipping college to dive head-first into real estate, you may want to hear David’s advice before you make that move.
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!
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Join BiggerPockets for FREE Your Investing Knowledge With the BiggerPockets Books:
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Grab The Books Mentioned in Today’s Episode:
Long-Distance Real Estate Investing:
The Multifamily Millionaire Volume I:
The Multifamily Millionaire Volume II:
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Ask David Your Real Estate Investing Investing: The Good and the
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Episode Seeing Greene
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Subscribe to David’s YouTube Channel:
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Connect with David on BiggerPockets:
David: David and BiggerPockets on Instagram:
@davidgreene24 or
@biggerpockets or
Show notes at:
00:00 Intro
01:38 Quick Tip
02:18 House Hack or Invest Out of State?
08:27 Convert Garage or Buy a New Property?
11:06 Skip College for Real Estate?
16:58 Questions From the Comment Section
23:22 How Many Bank Accounts Do You Need?
28:18 The "Low-Risk" Way to Invest in Real Estate
33:32 When To Ditch a Dud Property
37:46 1031 Exchanges Explained
40:15 Ask David Your Question!
Recommended Reading >> bit.ly/32kRpzw
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