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 ...
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 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:
Why you need to start preparing your short-term rental for spring and summer break NOW
When to start raising rates on last-minute guests (HUGE revenue boost)
What you MUST include in your listing before it’s spring/summer break
Amenities that any host can add to their home to bring in more bookings
Why seasonal photos make a huge difference to guests when browsing properties
How to avoid parties at your property and guest red flags to watch out for
Airbnb’s indoor camera ban and what to do if you have security cameras on your property
And So Much More!
Links from the Show
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Ask David Your Real Estate Investing Question
BiggerPockets Podcast 795 with Chad Carson
BiggerPockets Podcast 492 with Rob Abasolo
Forum Post: Sell Primary Residence to Use Equity for Rentals?
Check Out Rob’s New Short-Term Rental, The Pink Pickle
Book Mentioned in the Show:
SCALE by David Greene
The Small and Mighty Real Estate Investor by Chad Carson
Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-922
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