1031 exchanges

You want to invest in real estate, but you lack the cash or the income. With home prices and mortgage rates so high, even a decent-paying job won’t land you a rental property or even a primary residence. So, what do you do? Should you call it quits and let others build wealth while you struggle to make ends meet? Not quite. There’s one thing you should start doing today that’ll make your real estate investing much easier. Welcome one and all to another Seeing Greene, where David answers your investing questions in today’s tough housing market. First, Rob joins us to advise an investor struggling to buy her business’s building from her father. He wants to sell after having a rough time with this commercial property, but Shelly, our investor, wants to convince him to keep the building OR give her a chance of ownership. What should she do?  Next, David answers the trifecta of 2023 investing questions: what should you do when your pre-approval is too low? How do you pull out home equity when you’re broke? And what to do when you don’t have enough income to qualify for a mortgage? A straightforward solution solves ALL THREE of these investors’ questions, and it’ll help you, too, if you’re struggling in this market! In This Episode We Cover: What to do if you WANT to invest in real estate but don’t have enough money  Why DTI (debt-to-income) is SO important to investing and how to lower yours NOW Real estate vs. stocks and why property almost ALWAYS beats simple stock investments When to invest in a “mediocre” deal that has no-to-low cash flow How to fire your property manager EVEN if you’ve signed a long-term contract The secret to scaling your real estate portfolio that the gurus won’t tell you 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 Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Podcast 823 on Cost Segregation Seeing Greene 828 BiggerPockets Podcast 844 with Jim Kwik (Coming Soon!) Books Mentioned in the Show: Pillars of Wealth by David Greene The Richest Man in Babylon by George Clason Connect with Shelly: The Mousing Harke Instagram Fairmount Bicycles Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-843 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

A rental property doesn’t need to be brand new, have the best amenities, or offer 24/7 property management to do well. An older home can out-cash-flow a new build with one specific factor. So, what is THE key to having a profitable rental property, and why do so many rookie real estate investors not pay attention to it? Tune in, and find out on this week’s episode of Seeing Greene! We’re back with your “I finally remembered to turn on the green light!” host, David Greene. This time around, David is taking questions from all levels of real estate investors. Questions like what to do when your HELOC (home equity line of credit) rate is about to skyrocket, how fast to scale your rental portfolio, whether new homes are worth it as rentals, and how to turn a couple of rental properties into a real estate retirement plan. We even get a quick cameo from tax expert Tom Wheelwright on how to avoid taxes the next time you’re selling a rental! 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 SINGLE most crucial rental property factor that investors often overlook What to do when mortgage rates rise and your HELOC rate is about to readjust  Scaling your real estate portfolio and when you’re going TOO big  How to AVOID taxes when you sell a rental (and what to do if you’ve already sold) New homes vs. existing inventory and whether a new build makes a better rental  How to build a retirement plan with only a couple of rental properties  Pulling profits from a rental property in a trust (and the implications of doing so) And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent Lender Finder BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 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 David’s YouTube Channel Work with David Why the BRRRR Method WON’T Be the Same in 2023 Rich Dad’s CPA on How ANY Investor Can Avoid Taxes in 2022 8 Ways to Use Rental Properties to Create Retirement Income Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth"   Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-759 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to buy rental properties while the market is down? If you didn’t already know, you could be sitting on the perfect funding source found right under your own feet. But with today’s mortgage rates still double what they were last year, is taking out any of your equity a mistake, or could this be the opportunity of a lifetime to scoop up some sweet real estate deals at a stellar price? We’ve got our expert investor, lender, broker, and ship-metaphor-making host, David Greene, to give you his wealth-building secrets. Welcome back to another Seeing Greene, where we take questions live from BiggerPockets listeners on how you can retire early with real estate, build a business you love, and create generational wealth. This time, we’ve got questions on how to use home equity to buy more property, then we debate cash flow vs. appreciation and which is a better bang for your buck. We’ll also compare commercial vs. residential real estate and explain how these two seemingly similar assets operate VERY differently. And finally, David gives his favorite news sources on where to learn about the economy, the housing market, inflation, and every other variable that’ll help you make intelligent investing decisions! 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: Refinancing vs. selling and what to do with high equity but high mortgage rates Appreciation vs. cash flow and why bad neighborhoods are NOT for rental property investing Residential vs. commercial real estate and why it gets tricky when funding bigger deals Bitcoin as an alternative to cash and why the rich are still investing in a downturn  Portfolio architecture and how to buy rentals that build wealth (not just cash flow) Where to learn about economic trends, data, and the housing market  Paying off debt vs. investing in real estate (and which to do first)  And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 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 David’s YouTube Channel Work with David Network with Other Investors at a BiggerPockets Meetup Cash Flow vs. Appreciation Portfolio Architecture 101 The Patrick Bet-David Podcast Sign Up for David’s Newsletter, ‘Behind the Shine” Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-747 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

There’s a big difference between a real estate portfolio and having a few rental properties. Casual real estate investors can slowly start stacking one or two units a year and eventually end up with financial freedom, but often with stress and headaches that match their cash flow. Other investors, like David Greene and Rob Abasolo, take a more goal-oriented approach, building millions of dollars of wealth in under a decade with a portfolio that is self-sustaining, not self-defeating. Our goal here at BiggerPockets is to help YOU find financial freedom by following the same steps as investors like David and Rob. In the same spirit, David and Rob have decided to sit down with three mentees and give them one-on-one coaching to get them to their ultimate goals. These mentees are all at different stages of their investing journey, focusing on different strategies with different properties. First, we talk to Philip, a school teacher who dreams of building out glampsites and campsites, all while developing cash-flowing retreat centers. Secondly, we talk to Wendy, an investor stuck in the “turnkey trap” who wants to escape her job and the low cash flow of “easy” investing. Lastly, we talk to Danny, a multifamily investor who wants to scale faster to regain his time. All of these mentees have the same goal: financial freedom. If you’re trying to find your way out of the rat race and into the wealth-building realm of real estate, these are the episodes for you. We’ll continuously be checking in on our guests, giving them action items, and helping them work through any roadblocks that come their way. So stick around for the journey; you might hit financial freedom faster! In This Episode We Cover: Investing in glamping, camping, and retreat centers and why developing may be a costly move How to find a real estate agent/broker who can source your PERFECT property (even if it’s VERY niche) The “turnkey trap” and why easier investing often leads to lower returns Why working in real estate as you build your portfolio is a cheat code for investors  House hacking, rental arbitrage, and creative ways to rent your properties for more How to scale from small to large multifamily investing and how to find your own mentor And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent 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 David's BiggerPockets Profile David's Instagram David’s YouTube Channel Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Rob's BiggerPockets Profile Hear Our Interview with the Discount Lots Founders How to Plan for (and CRUSH) Your 2023 Goals Book Mentioned in the Show Long Distance Real Estate by David Greene Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-708 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Office investments were supposed to be dead by now. 2020 was supposedly the great exodus, where on-site workers were freed of their commutes, small talk, and trips to the water cooler. We were sold a future where remote work was the only option, where everyone had an at-home standing desk, and nobody needed to wear pants. But, this didn't last long, as companies slowly started taking steps to get workers back into the office, making owners of the offices wealthy once again. But, with so many companies trying flexible schedules, prioritizing work from home, and renewing their video conferencing subscriptions, will office space still be the same as it was just a few years ago? On this month’s BiggerNews, we brought on Kevin Fagan, Senior Director and Head of CRE Economic Analysis at Moody’s Analytics, to give us the scoop on office investing and commercial real estate in 2022. Kevin’s team works diligently going through the data behind office investments, highlighting whether or not leases are renewed, how rents are being affected, and if office buildings are truly being abandoned. He brings some good news not only for office space investors, but for real estate investors as a whole, showing that this niche won’t be going away anytime soon. With coworking and residential conversions on the rise, office building investments could be a far smarter move than most investors would assume. In This Episode We Cover: How office space investing fared through the pandemic and how far occupancy rates fell Comparing today’s office investing environment to 2008’s and the stark differences between the two Office occupancy forecasting and when the data predicts a full recovery How unemployment rates will affect office investors and whether or not employers will force workers back into the office The best real estate markets to invest in office space and which big metros to definitely avoid The benefits of office investing compared to residential real estate and why this low-turnover niche is worth it And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent 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 David's BiggerPockets Profile David's Instagram Dave’s BiggerPockets Profile Dave’s Instagram Investing in Office Buildings—A Beginner’s Guide The Coming Collapse of Downtown Office Real Estate Connect with Kevin: Kevin's LinkedIn Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-682 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Today’s guest grew up poor, living in a cabin without power or running water. But now he controls millions of dollars in real estate, owns several companies, and leads one of the country’s top-producing sales teams. How did Ben Kinney pull that off? The story involves, of course, hard work and tenacity. It involves a book that shifted his mindset at just the right time. And most importantly, it involves teamwork. In this episode, Ben lays out the hiring process he used to build a real estate agent business. He talks about how he got used to rejection working as a “cable guy” and shares how YOU can find an off-market deal and start house hacking—without a lot of money out of pocket. Ben also details the seven goals that influenced his every decision and the three things every leader should do when growing his or her business. (Hint: “inspect what you expect.”) In the “Deal Deep Dive” segment, Ben tells us how he was able to buy a company for a hefty price by controlling the terms of the deal. He’s a big-picture guy, who will challenge you to think differently about real estate and business. If you feel held back by tasks you don’t enjoy, listen to this show for practical tips on how to delegate more effectively. Today’s episode will inspire you and help you invest more efficiently, so you can do what you love and watch your wealth grow. In This Episode We Cover: The amazing story behind how Ben got started selling homes Being recession proof Why he builds and buys businesses Using synergy to grow his RE empire What he looks for in a deal Why he likes to buy and hold instead of flip How big businessmen save on taxes What is the income triangle and how to flip it Finding great leaders as partners or employees Building an ecosystem to help find him deals Questions he asks new hires or partners to determine if they are the right ones The story about how he spent six days to find ONE hire Working only do things he enjoys And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Brandon’s Instagram BiggerPockets Facebook Page Pat Flynn’s Podcast The Real Estate Guys BiggerPockets Podcast 315: How to Read Human Nature to Succeed in Life with Bestselling Author Robert Greene BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan David’s Instagram BiggerPockets Instagram Books Mentioned in this Show The Millionaire Real Estate Agent by Gary Keller Cashflow Quadrant by Robert Kiyosaki Rich Dad Poor Dad by Robert Kiyosaki Set for Life by Scott Trench Extreme Ownership by Jocko Willink Tax-Free Wealth by Tom Wheelwright The ONE Thing by Gary Keller and Jay Papasan Tweetable Topics: “I hate when people call me an entrepreneur and the reason is because 98% so-called entrepreneurs fail.” (Tweet This!) “Systems make the ordinary become extraordinary.” (Tweet This!) “People complicate things to justify their inactions.” (Tweet This!) “You can’t be chasing money because money runs too fast.” (Tweet This!) “Hire the things you don’t enjoy.” (Tweet This!) Connect with Ben Ben’s Personal Website Email Ben Ben’s Facebook Page Ben’s Twitter Profile Ben’s Training Website Learn more about your ad choices. Visit megaphone.fm/adchoices

Excited about real estate investing and looking for a blueprint to follow? Well, you’re in luck! Today’s guest James Masotti is a well-rounded investor who’s piling up properties while working a full-time job. James shares how he consistently finds deals in a competitive market (it’s not through the MLS), how he funds these deals (it’s not with his money), and how he handles the common complications every investor faces. He also gives some great advice for acquiring properties already occupied by tenants, and explains how he keeps his partner and lenders happy even when things don’t go according to plan. He offers tips on planning for CapEx and dealing with the dark side of real estate investing, too.  Plus, you won’t want to miss his advice when it comes to building funnels to find deals, as well as just what to look for when interviewing real estate agents. James has a straightforward, no-nonsense approaching to succeeding in today’s market and provides tons of good content for how you can do the same! Download this episode today! In This Episode We Cover: Jame’s entrance into real estate investing while having a professional career Cash reserves and how he plans for CapEx How he finds and funds deals Dealing with tenant evictions Finding the lender you need What a debt cover ratio is Why he continuously builds funnels How to handle when things go wrong Analyzing and overcoming the dark side of real estate investing! And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Be a Guest on the Podcast Biggerpockets Investor Deal Diaries BiggerPockets Meetup and Events BiggerPockets Marketplace BiggerPockets Podcast 308: From 0 to 400 Units in 3.5 Years with Sterling White BiggerPockets Podcast 297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke BiggerPockets Podcast 304: Using Incredible Strength of Mindset to Succeed Despite Overwhelming Obstacles With Nick Santonastasso The Blitzkrieg Rent Collection Plan for Landlords (Blog) What is CapEx in Multifamily Real Estate Investing (Blog) Biggerpockets Bookstore Books Mentioned in this Show The Book on Managing Rental Properties by Heather and Brandon Turner I Will Teach You To Be Rich by Ramit Sethi The Book on Estimating Rehab Costs by J. Scott The Richest Man in Babylon by George S. Clason Rich Dad Poor Dad by Robert Kiyosaki E-Myth by Michael E. Gerber Lifeonaire by Steve Cook Fire Round Questions How to create a deal in partnership? Late rent problems, let me know your strategy! What are the most important rules of thumb you use when analyzing properties? Tweetable Topics: “Real estate is very forgiving.” (Tweet This!) “When you’re looking to scale, you want to have reserves available.” (Tweet This!) “Don’t chase something that you’re not comfortable with because that’s when you get in trouble.” (Tweet This!) Connect with James Jame’s BiggerPockets Profile Jame’s LinkedIn Profile Jame’s Twitter Profile Jame’s Facebook Profile Jame’s Instagram Learn more about your ad choices. Visit megaphone.fm/adchoices