How to Use Home Equity: Buy More Rentals OR Renovate Current One?

Episode #972
Want to retire early? Real estate investing might be your best bet. Looking to boost your cash flow and expand your real estate portfolio, too? In today’s show, we’re sharing how to use home equity to build wealth the RIGHT way, plus the “portfolio architecture” secrets that enable you to retire earlier than you thought. Whether you’ve got one rental or a hundred or are just starting to dig into real estate investing, we’ve got the investing information you need on this Seeing Greene to reach true financial freedom.
First, an investor sitting on $300,000 of equity asks what he should do: sell his current rental property and buy more OR convert the single-family home into a multifamily investment. The answer isn’t as clear-cut as you’d think. Next, we discuss whether ARMs (adjustable-rate mortgages) vs. fixed-rate mortgages are your best bet for a lower mortgage rate. Plus, we'll share the five BIG mistakes new real estate investors can make. Finally, David describes “portfolio architecture” to an investor who wants to retire by age fifty. He CAN get it done, and you can, too, IF you follow David’s massive passive income plan!
Want to ask David and Rob a question? If so, submit your question here (www.biggerpock...) so David can answer it on the next episode of Seeing Greene, or hop on the BiggerPockets forums and ask other investors their take!
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“The Richest Man in Babylon”: store.biggerpo...
“Short-Term Rental, Long-Term Wealth”: store.biggerpo...
“30-Day Stay”: store.biggerpo...
“Real Estate Note Investing”: store.biggerpo...
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Show notes at: link.chtbl.com...
00:00 Intro
01:31 Buy More Rentals or Convert Current One?
07:33 ARM vs. Fixed- Rate Mortgages
16:43 5 Mistakes New Investors Make
21:08 Portfolio Architecture (Retire Early!)
32:05 Moving “Lazy” Equity
42:09 Note Investing 101
51:12 Starting a Business
53:50 Ask Us Your Question!

[@blancawallace7513]

Hello, I have a question I rent two properties but I would like to buy another one ,what do you recommend me?

[@dalecovercomedy]

From RI - yes. An accent. NY + Boston mix.

[@christie4336]

Invest in an opportunity zone fund / neighborhood for 10 years gives some tax deferment and a tax free exit.

[@accountinglavidalaguna2384]

Rhode Islandah heah... Hell yeah we do have a wicked accent.

[@steelbrickza6838]

I follow you guys. Go Celtics!!

[@bostoncaruthers]

Awesome show! Really like the idea of hiring an in house manager!

[@that9blife465]

I think short term rentals is a terrible idea right now.

[@matthewbowers6178]

I hope everyone thinks like you so i can cash in!

[@corporatehousingintheheart6196]

@@matthewbowers6178you can have at it. Lol

[@Kk-iw4ck]

😂

[@stevend481]

Great reasoning. Thanks for the great insight

[@that9blife465]

​@@stevend481late to the party for these ideas.

[@BossmanRich28]

I followed that entire thing haha.

[@TomHallhomebuyingokc]

Xavier could sell some of those chains and make even more money

[@kennydeceit]

😂

[@shawna7034]

Drinking the wine you are sharing 😂

[@charles66454]

Take out a 100k and put it on 3-4 property? 👀

[@JanilleJackson]

Great episode lots of ideas and recommendations shared! ❤

[@TomHallhomebuyingokc]

Rhode Island has coffee milk jwu

[@alifetosummit]

One of my best bros is from RI; him and his entire family have one of the best and worst accents in the country… It’s like Boston met New York and made an idiot baby