Signs It’s Time to STOP Investing in Real Estate…
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Published 2024-03-31
renttoretirement.com/
When is enough enough? When is it time to STOP investing in real estate? When you have a hundred units or a thousand? When can you step back and let the hard work and grind pay off so you can spend more time with your family, spouse, children, and loved ones? But maybe this is just the start of your real estate investing journey, so a better question would be: how to start investing when you DON’T have tons of money to get in the game? Whether you’re a couple of years away from early retirement or gearing up for your first rental, we’ve got you covered on this episode of Seeing Greene.
Full-time real estate investors David and Rob are back to answer your investor questions! This time around, live-caller Ethan wants to know when enough is enough. He’s built a big real estate portfolio, but his spouse is asking, “What’s the end goal?” Next, David and Rob share what’s going on in their own lives and the “perfect storm” that hit David head-on that could be headed your way. A young house hacker wants to know the best plan for his property after he moves out: rent by the room, turn it into a long-term rental, or go the short-term rental route. Finally, a homeowner with some sizable equity but no extra money asks if she should sell her low-rate primary residence and exchange it for some investment properties.
Want to ask David a question? If so, submit your question here (www.biggerpockets.com/david?utm_source=youtube&utm…) 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!
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Books Mentioned in Today’s Show:
SCALE: store.biggerpockets.com/produ...
The Small and Mighty Real Estate Investor: store.biggerpockets.com/produ...
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Ask David Your Real Estate Investing Question:
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Past Episodes Mentioned:
Chad Carson: www.biggerpockets.com/blog/real-estate-795?utm_sou…
Rob Abasolo: www.biggerpockets.com/blog/biggerpockets-podcast-4…
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Forum Post: Sell Primary Residence to Use Equity for Rentals?
www.biggerpockets.com/forums/12/topics/1166019-sel…
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Check Out Rob’s New Short-Term Rental, The Pink Pickle:
neeksleeps.com/listing/the-pink-pickle-bachelorett…
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Connect with David and Rob on BiggerPockets:
David: www.biggerpockets.com/users/davidgreene24?utm_sour…
Rob: www.biggerpockets.com/users/robuilt?utm_source=you…
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Connect with Rob (Robuilt):
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Show notes at: link.chtbl.com/BPRE
00:00 Intro
01:22 When to STOP Investing in Real Estate?
10:34 The Real Risk of Real Estate
16:19 Deals We're Doing NOW!
16:45 Reviewing Our Reviews!
17:59 What to Do With My House Hack?
22:05 Sell My House to Invest?
28:32 Ask Us Your Question
All Comments (21)
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Nice show, but it had nothing to do with the title.
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This is why i havnt watched these in a while, the click bait title and then listening to nobody actually ralk about the content the title references.
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Large portfolio of short-term rentals can be tricky! A lot of people cutting back on vacations as cost of living still rising!! But reserves is the key to any portfolio...thank you guys, great show!
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Love, love, love it guys!
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I also have a rental in Dearborn, MI. Love seeing the shoutout!
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How can I get started?
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$3400 cash flow?
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I am in this very scenario closing on my second multifamily house hack May 7th my wife is burned out with sharing walls but we outfit our properties for group homes and lease them to non-profits with property management and a cpa trying to be as passive as possible next year after we outfit this multifamily we'll gross over 13k a month with only 2 multifamilies a triplex and a quadplex, its time to move on.
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Good answers! Sorry Mr. David Green experience all the fraud from criminals. Criminals should be arrested, charged, tried, prosecuted, convicted, and sentence to life in prison.
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U mst create one separate video... Relating to "Risk associated with having more Real Estate"
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How does he have over 50 doors and only profit $3,400? Averaging $68 a door? 🤔
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Can you guys help me. I have a property I have owned for over 2 years, my credit has fallen and I can't get, or don't know if there is help to use around 50k for a remodel to rent it out?
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Self employment and investing in real estate is NOT for everyone, but it is very lucrative if you know what you are doing. There is no upside in renting, not today or tomorrow or 50 years ago.
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Let’s goo
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Ethan. My best advice is actually dont spend so much money on your kids. Let them suffer their own path. You will spoil them and demand too much in return. A big psychological hurdle for them. Maybe you are just using your kids as an excuse to justify your workaholism.
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Show was boring and had nothing to do with the title.
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Help me retire. Pay the ex-wife. Help me 🏠 hack. I think 💭🤔 we collect rent from so many ways rather than 4 walls and a roof.🤑👍🤔 Housing should be much more than the traditional stereotype.🤔🤑
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Can't believe y'all are talking about why you don't want to be billionaires, as if you have a choice to be.
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If the first caller only has 3400 of cash flow I’m confused why his wife is asking if they have enough . Depending on how that’s calculated he might not even have enough to maintain that portfolio
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Can we talk about how shows like this and others encourage people with already heavy salaries buying up all the real estate and not having anyone sell for the lower income folks?
