realestatefinancing

How does a HELOC work? Can you use one to start investing in real estate when you’re low on cash? And, if you do decide to go the rental property investing route, how do you ensure you’ll retire a millionaire? If these questions have been keeping you up at night, worry not; David and Rob’s real estate wisdom is about to make those early retirement and financial freedom dreams a reality. Welcome back to another Seeing Greene. As always, your expert investor co-hosts, David Greene and Rob Abasolo, are here to answer any and every real estate investing question you have. First, we answer, "Is an ADU (accessory dwelling unit) EVER worth building?" With the sky-high construction and labor costs, do these tiny homes make more sense now than ever? Next, we’ll break down how a HELOC (home equity line of credit) works, then David and Rob explain how they’d invest $300K in TODAY’s market and counsel a landlord/broker on how to retire a millionaire with real estate. 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 jump on a live Q&A and get your question answered on the spot! In This Episode We Cover: When (and when NOT) to build an ADU (accessory dwelling unit) on your property HELOC (home equity line of credit) interest rates explained and when to open one How David and Rob would invest $300K in today’s housing market How to use home equity and a SMALL real estate portfolio to retire a millionaire  What to do when your long-term tenant NEVER signed a lease Portfolio architecture 101 and the huge benefit of paying off your rental properties  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 Join BiggerPockets for FREE 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 Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Real Estate Investing Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube BiggerPockets' Instagram Listen to Our Sister Podcast, “On the Market” Forum Post: Buying a property where tenant does not have a lease Episode 919: How to Use Real Estate to Quit the 9-5 Grind Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-932 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

Simply put – this podcast could change your financial life. You see, a banker can be your best friend or your worst enemy when trying to invest in real estate, as a great loan can mean the difference between long term success and failure. This is why we are super excited to introduce you to Jimmy Moncrief (your new best friend!) on the BiggerPockets Podcast today. Jimmy is a commercial bank underwriter as well as a real estate investor, so he has a unique insight into the mind of a bank – especially involving real estate investing. . Jimmy is going to share some incredible, actionable tips that any investor can start using today to get your bank to say “Yes” to your next financing request. In addition, Jimmy offers some unique tips for finding great FSBO deals and getting into your first deal. This show contains so many tips and ideas to help you do more deals, get better financing, and change your future – so grab your pen and paper and set aside the next hour for a truly remarkable show. Read the transcript for episode 55 wth Jimmy Moncrief here. In This Show, We Cover: Turning your own home into a rental Buying a cash flow crazy triplex Jimmy’s “lucky” method of finding properties FSBO How real estate investors do everything backwards Jimmy’s awesome “Quick Tip” about interviewing a bank An insider look at the Five “Cs” for getting a loan Why Jimmy hates credit scores How to turn around a loan denial Getting commercial “HUD” loans Tips for refinancing your investment properties Using cross collateralization to secure financing No money down… is it possible? And LOTS more… Books Mentioned in this Show The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime by MJ DeMarco The Four Hour Workweek by Timothy Ferriss 80/20 Sales and Marketing: The Definitive Guide to Working Less and Making More by Perry Marshall Links from the Show:  BP Podcast 052: Buying Apartment Complexes, Raising Millions, and Building a Profitable Business with Ken McElroy BP Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich Blackstone B2R Financing Smart Passive Income Podcast with Pat Flynn – Episode 18 with MJ DeMarco Pareto’s Principle- the 80/20 Rule – Wikipedia Post Tweetable Topics HUD loans are like a pregnancy: fun at the beginning, painful at the end! (Click to Tweet!) If you are serious about investing in real estate – you need to know the 5 Cs. (Click to Tweet!) If you take a proactive approach to lending, everything works out better. (Click to Tweet!) If you want to be a serious real estate investor – treat it like a business. (Click to Tweet!) Connect with Jimmy Jimmy’s BiggerPockets Profile Jimmy’s BiggerPockets Blog Posts Jimmy’s Blog: RealEstateFinanceHQ.com Learn more about your ad choices. Visit megaphone.fm/adchoices