765: Seeing Greene: Out-of-State Mistakes, “Low Risk” Real Estate, & False Cash Flow

2023-05-14

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 strat...

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!

In This Episode We Cover:

House hacking in an expensive market vs. buying an out-of-state rental

Garage conversions and the surprising profits of turning storage space into a rental unit

Going to college vs. becoming an agent and why you don’t have to choose between the two

The low-risk way to begin real estate investing (even if you’re starting late!)

How many bank accounts you REALLY need when running a rental portfolio

When to give up on a risky rental property that has high expenses

1031 exchanges explained and how to dodge taxes when buying a new property

And So Much More!

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