New BBPro Member here! As a beginner, being exposed to this type of content is gold! Enjoying the length since I'm a binge watcher and soaking it all in! Thank you! 💰
I love how you admit this is a difficult market. I turn off 80-90% of you tubers because they are trying to put an optimistic bullish spin on this market. To me it means they are not adapting to the situation because they are not fully acknowledging it. We don’t know when or if the fed is going to pivot. Your concepts are also not basic. It’s so relieving not to listen to the same stuff other people say. At the end of every RUclips I watch I ask myself, “what do I know now that I didn’t before” I’m finding more and more RUclips’s end up being nothing burgers. Yours are thankfully advanced enough that I gain insight. Don’t simplify, stay advanced, I’m Listening to nothing but Greene from here on out.
Never apologize for the length of the show, if people aren't here to learn and put in the time then that's on them. Thanks for what you do and the perspective you bring.
This show was a good length, probably a sweet spot. Though I don't believe any one of us viewers/ listeners would complain if the show was longer, I think for a "Green Episode," a 45-minute time frame is a good length. I enjoy any and all-time the team dedicates to a show. Thanks!
Hi David- I always look forward to these “seeing Greene” episodes. It’s a great opportunity for new and experienced investors alike to learn from you and BP. I love the long answers and rants as attentive listeners will find golden nuggets through them. I particularly love the answer you gave to Justin from Dallas TX. Thanks for all that you and BP do for the community. I appreciate you!
Hi David, Great episode. Just wanted to say I like the long formats with rants and all. You are dropping little gems and I listen on my commute to work. Anything over 35 min is excellent. Im in Hawaii playing offgrid jungle tiny house development. Thanks for all you do
17:35 11 of my 13 rental units are in Gary Indiana. They're Low Cash Flowing cheap rentals. I've been steadily growing over the last four years and have plans to keep expanding. I like David Greenes perspectives but I disagree with him on this one. Might take me a few more years to prove them wrong but that is the goal. Maybe I'll get lucky and he'll have me on to explain how I did it. He's not wrong that Low Cash flow cheap rentals oftentimes they are a trap but there are very unique strategies to buy them and not lose money and instead make money!
When I graduated community college with my Bachelors my goal was to jump into Real Estate somehow. I remember looking for any job connected to real estate and inadvertently ended up in property management. I'm slowly climbing up the ladder in the Commercial RE space and am learning a ton that I'm sure will benefit me when I buy my investment properties. My favorite episodes are the seeing Greene ones and no the color of the light is not an issue!
Don’t delay buying your first investment!!! The sooner you get that property on the books, the sooner you can start earning equity and cash, and the sooner you can pay that off
@@sherilaufle1666 I have my first home I’m just choosing to live in it. It’s doubled in value since I bought it in Nov 2020. I’m saving to use a dscr loan for my first investment. Debating using a HELOC but I’m leaning towards no.
@@lilpoindexter Miami Dade college started offering them back then. It was new at the time and I’m sure they offer more now. Depends on your city I guess.
David gave people very much value information which is the road to succeed. You are so kind . I invested this way and I could feel your emotional in this video . Listen each words David said and memorize it. Not just remember it only. Take care David . I will see you one day .
What I don’t love about creative finance is that so many people are approaching this way. I’ve talked to a couple investor agents who I have relationships with, they’ve been approached 2-3 times a day by “investors” who don’t know what they are talking about and just puts a bad name to it. When they work with real buyers their already jaded lol. Business to business relationships are majorly important.
@Alecia Ostermann it's a bit different, it's more like taking on a job to build a table for someone without first learning carpentry. People are jumping in without spending the time to learn the laws and other details of the process. So many people "learning" while posing as professionals is creating a bad look for everyone.
I got kinda depressed and discouraged listening to this one, David. Just b/c I did exactly what you are saying is not the greatest idea... I bought properties in Alabama and Indiana that cash flow, but have very very low, if any, appreciation. I think I will pivot now and try to focus on where I live, which is the greater Dallas area. I just chose to go out of state at the time b/c property taxes are such a killer here. The out of state properties were much cheaper & had much lower property taxes. But of course, the appreciation is really good in DFW, as I have seen on my personal home. Time to change course. Might go after some small multi and also try mid-term rentals. I just feel behind b/c of that prior decision. All I can do is adjust where I'm at and go from here. Thanks for all you do.
Great video sir. Was very encouraging to my husband and I. A nice mix of long and short shows would be appreciated. Otherwise we have to pause and watch the rest of a video another time. But your “ranting” today was so interesting!
EGO… That’s a very convicting statement about looking at other people’s situations. We are returning to a time where we must except the facts that fundamentals matter.
I love the show and don't give a darn about the background color. Thanks for the reminder about focusing on the long term. My insurance costs are steadily rising in south Louisiana but we are still above water. At the moment... it does have me wondering if I should sell and buy outside of hurricane alley. PS: don't worry about the length of the show. If it is good info, it is worth the time.
It's easy the downplay the importance of cash flow when you have plenty of cash. Most of us trying the BRRRR method are doing it because we want cashflow. I'm really not interested in getting a second job to pay for my rentals.
Hi David! Thank you for forgetting to turn on the green light at the beginning of the show. A few days ago I was looking for peanut butter in my fridge, which I usually strategically place to the right of my cold brew coffee. That morning the peanut butter jar was nowhere to be found! I asked my fiancée who was putting the dishes away if she had seen it. She started cracking up and said: it’s right in front of you! It was to the left of the cold brew… I have the worst refrigerator eyes 😢
Fascinating that you're familiar with things in Egypt. It's changed from 50% to 0 and sometimes 10% but the issue is that prices are so high compared to income. Not even collecting rent comes close to alleviating payments.
Watching from Toronto Canada here and wanna give a shout out for calling out long term and delayed gratification of real estate investing. +21 years investing and equity has outpaced cash flow every year. Buy quality, vet your tenants and be patient amigos!!
seeing Greene, insane value episodes. Longer the better, we can listen to these anywhere, on the drive, on the toilet, in the shower, on the run, on the bike, while cooking. keep it comin
If cash flow is dead and you're an appreciation investor, you need to do a thoughtful comparison of RE to stocks and bonds. You won't get a detailed analysis on this BP channel. Here's a hint though: RE isn't the best option.
I have had 2 separate properties where I bought correctly several years back, but increased property values drove up property taxes which increased mortgage payments. I don’t think enough people consider this.
@@REIwAlexY the change in monthly mortgage payment happened several months into the leases, so we cannot just raise them. Our rent is also already at market price. My point is that people may just assume since they have a fixed year 30 they think their mortgage will stay the same. That is not the case with increased property values.
@Cubicle Investor okay, sure, but then that means YOUR property also should've increased in value. In other words, you should've gained equity if/when you sell the house which should more than makeup the short-term difference in rent vs mortgage. cash flow/rent vs mortage is balanced out by appreciation. So some months/years you will have more cash flow and others more appreciation. That's nothing new imo
@@REIwAlexYmy point was the impact on cash flow in the short term, not appreciation in the long term. Properties that once cashflowed, may not do so now. Investors need to be mindful of this.
Hey David! I usually listen on the Apple podcast app so I don’t understand why people would get so upset when you forget to turn the light green! 😂 Also I like the longer shows and don’t mind at all if it runs longer- I love listening to your rants- don’t stop being you!
The way I see it is that negative cash flow is a result as speculation that prices are going to up. If the desired total annual yield is 12% and you are getting -3% cash flow, then the market is anticipating a 15% appreciation. That is a risky game and doesn't feel out of the norm of the current market. For me, I have to see a way to break even given mortgage payment, plus 20% operating costs. This seems to be the cost of doing business for my rentals. Most in my are yield a negative CF even with 20% down! Yikes!
Absent minded things - I don't wear a jacket anywhere I go, because I'm too absent-minded to keep track of it. Once I take it off somewhere, it stays there until somebody brings me my jacket. Everyone thinks I'm tough as nails for never wearing a jacket, but really I'm just incapable of the responsibility that comes with wearing a jacket.
Thanks for all the advice David! I like the long thorough answers. Your advice today has got me thinking about looking for options in my expensive but highly appreciating hometown as well as doing the out of state deals I’m currently buying. There are many ways to look at real estate and I love hearing them all and seeing how they fit into my world.
I am a mortgage broker and I am seeing mid to high 5 rates with FHA! This is wholesale rates I get from investors so ppl are not stuck with 7 something %
I'm sorry I do not believe a huge smokies mansion, 8 bed 8000 sqft cabin rents as well as a average 2-3 bedroom. You compared the two renting 200 days a year which from my experience large cabins do not rent that often and the expenses are insane.
I just bought my first home at market price. 150k 3b2bth 2 car garage. I plan on updating it and renting it out in a year or two then purchase a second home and do the same thing (and look for a better deal $) I’m hoping I don’t get wrecked wish me luck.
The current length of the shows are fine. I would love to see more info about landlord friendly property insurance options. That's eating away at my cashflow. I need to know how to optimize insurance costs for a 10+ property portfolio. I live in the Southeast and there are very few insurers that cover that area. It seems like they charge whatever they want.
Duuuuude on your part about being absentminded I had to share with my wife. It’s why I’m always saying “systems systems systems!” To her because I grew up an absent minded doofus. The car keys thing is… key? 🥴 I sometimes leave my car keys on top of the fridge if I need to remember to take food with me to a potluck or put my keys basically on anything I need to remember to bring with me. I systemize a lot of mundane actions and use lists and notes on my phone a lot because it helps me work around my tendency to be absent minded. It’s like how pilots use checklists on every takeoff.
When renting by the room, is turn over of tenants a problem? Is month to month better when renting rooms? Does the eviction process and costs for room rentals higher?
Hi David , great show. I was wondering if you can let me know if you have property management comp. in Jacksonville FL that you would recommend for long and short term rentals and also Real estate agent who can help in finding investment property. Thank you, Vigen
@@MikeHawk143 😖 ya ok takes money to start a business, and even dual income won’t cut it nowadays My woman and I are age 32 , debt free with a paid off house and vehicles 800+ credit scores and we make over 130k a year which is almost 3 times the median income for our area And we still can’t afford to invest anything that would see any amount of decent returns worth the risk and refuse to go into debt just to try and start a business or buy rental property the system is rigged and I hope for all younger generations sake it collapses completely and screws all the older generations in the process because as of right now younger generations are completely screwed and it’s older generations that got us in this mess Society is run by debt it’s a rigged system and I refuse to be a debt slave And it’s a shame that responsible individuals who stay debt free are held down and have no opportunities unless willing to be in debt Hell joe blows two streets over making less than half what I do in debt to his eyeballs has nicer house goes on vacations etc etc living their best lives driving up prices of everything for responsible individuals I honestly hate to say it because I love the idea America was suppose to be but I’m willing to give socialism a freaking go because the system we have now Benefits nobody but the rich and the idiots willing to take retarded risks the rest of us are just slaves with the occasional luxury and it’s not just America it’s the entire world….and younger generations are fed up with it globally ELITES can keep their wars, their debt, and control and shove it up their you know what a storm is brewing and if younger generations have to tear down all of society in order for things to change then so be it 🤷♂️
I want to start investing in real estate buy a family home and a rental. Now my question is for me to learn more on real estate what books or where should I go to learn/get noledge as a bigger? Pls let me know thanks
I might be wrong but it feels like it's too late to get started at this point, and only the people who got going in the "golden age" have the advantage over everyone else.
Question my name is Christian I am 22. 2 years ago I purchased my first house for 80,000 I used to think I was going to live in this home forever lol so it’s now remodeled in and out but now I have got into wanting to start my rental investing spoke to a real estate agent my home is now worth 240,000 I still owe 60,000 I don’t have a loan on this home my father in law had sold me this home and transferred the title to me and my wife what start would you recommend me to do sell and invest that cash in properties or rent this home out and cash flow 800 monthly rents are around 1800 + in my neighborhood I pay 800 a month to my mother in law and property tax is usually around 180 to 200 a month and take out equity to purchase another rental. I live in Jonesboro Georgia Not sure if I really worded all this right I’ve never really asked for help so kind of awkward
David I always love your shows thank you so much for what you do. You said Dallas was one year top three markets which is one I was thinking of. What are the other two markets that you think are hot right now
Loose money for 9years lol 😢! Ok sign me up ! Just hold buying for a year or 2 it’s ok to just hold cash 💰! Max out your 401k ! Life is about money 💰 and loosing money for 9 years yah that’s called going bankrupt
My question about the guy in Dallas; why did he move out? That might be why he's losing $200, bc when he was living there, he wasn't paying rent wherever he is now, right?
Thank you so much David for all your great tips, I am looking to buy my first multi family, looking for a local partner in Baltimore Maryland who is reliable and professional... Thank you very much
I needed this video!!! I have a property that I leveraged and the rent pays the heloc and mortgage. This one started as my personal has a 15 yr at 2.97% with 12 years left. Had to evict a scammer tenant. Now I’m in the hole. Trying to decide if I should sell or use the house for mid term rentals. Doing that means I have to invest more after just taking a loss. But that’s the only way I can make it cash flow. Standard rent can go up a touch but not much. Any have any suggestions?
@@HappyPenguin75034 tenants are the problem. Trying to figure if I should furnish the place and use it as a mid term rental or sell and start building. That would allow me to wash rinse repeat even with these rates
23:20 Yes yes yes! That throws me out so much! I'm from France but live in the US now and this throws me out all the time, in Europe no way you find real estate that cash flow from day one, at best you break even but in the long term, you always win! Thanks David that was an awesome episode.
New BBPro Member here! As a beginner, being exposed to this type of content is gold! Enjoying the length since I'm a binge watcher and soaking it all in! Thank you! 💰
I love your rants and the time you talk. I’m retired on 20 properties debt free. It took 15 years to get there… your advice is spot on!
Just had this convo with my sister. Traditional long term rentals is def a long play.
When you say debt-free do you mean everything but the mortgages? Or do you not even have mortgages?
I love how you admit this is a difficult market. I turn off 80-90% of you tubers because they are trying to put an optimistic bullish spin on this market. To me it means they are not adapting to the situation because they are not fully acknowledging it. We don’t know when or if the fed is going to pivot. Your concepts are also not basic. It’s so relieving not to listen to the same stuff other people say. At the end of every RUclips I watch I ask myself, “what do I know now that I didn’t before” I’m finding more and more RUclips’s end up being nothing burgers. Yours are thankfully advanced enough that I gain insight. Don’t simplify, stay advanced, I’m
Listening to nothing but Greene from here on out.
Never apologize for the length of the show, if people aren't here to learn and put in the time then that's on them. Thanks for what you do and the perspective you bring.
I don't mind longer content. The only time it's annoying is when it's filled with time wasted on things unrelated to the topic.
Couldn't agree more.
Its not the length... its how you use it 😂
I wanted to take a moment to say...Thank you for all that you do David! Your advice has been invaluable.
This show was a good length, probably a sweet spot. Though I don't believe any one of us viewers/ listeners would complain if the show was longer, I think for a "Green Episode," a 45-minute time frame is a good length. I enjoy any and all-time the team dedicates to a show. Thanks!
Hi David- I always look forward to these “seeing Greene” episodes. It’s a great opportunity for new and experienced investors alike to learn from you and BP. I love the long answers and rants as attentive listeners will find golden nuggets through them. I particularly love the answer you gave to Justin from Dallas TX. Thanks for all that you and BP do for the community. I appreciate you!
Hi David,
Great episode. Just wanted to say I like the long formats with rants and all. You are dropping little gems and I listen on my commute to work. Anything over 35 min is excellent.
Im in Hawaii playing offgrid jungle tiny house development.
Thanks for all you do
17:35 11 of my 13 rental units are in Gary Indiana. They're Low Cash Flowing cheap rentals. I've been steadily growing over the last four years and have plans to keep expanding. I like David Greenes perspectives but I disagree with him on this one. Might take me a few more years to prove them wrong but that is the goal. Maybe I'll get lucky and he'll have me on to explain how I did it. He's not wrong that Low Cash flow cheap rentals oftentimes they are a trap but there are very unique strategies to buy them and not lose money and instead make money!
13 units. God bless you man
I was listening to him talk about how he goes for appreciation about 2 years ago and it reaffirmed we made the right play!
How can you buy multiple assets if you are constantly paying for other people living in your property?
I liked the cash flow discussion. You don't hear that you don't usually cash flow immediately.
When I graduated community college with my Bachelors my goal was to jump into Real Estate somehow. I remember looking for any job connected to real estate and inadvertently ended up in property management. I'm slowly climbing up the ladder in the Commercial RE space and am learning a ton that I'm sure will benefit me when I buy my investment properties. My favorite episodes are the seeing Greene ones and no the color of the light is not an issue!
Don’t delay buying your first investment!!! The sooner you get that property on the books, the sooner you can start earning equity and cash, and the sooner you can pay that off
@@sherilaufle1666 I have my first home I’m just choosing to live in it. It’s doubled in value since I bought it in Nov 2020. I’m saving to use a dscr loan for my first investment. Debating using a HELOC but I’m leaning towards no.
how you get a bachelor's from community college?
@@lilpoindexter Miami Dade college started offering them back then. It was new at the time and I’m sure they offer more now. Depends on your city I guess.
What are some markets that cash flow and appreciate?
David gave people very much value information which is the road to succeed.
You are so kind . I invested this way and I could feel your emotional in this video .
Listen each words David said and memorize it. Not just remember it only.
Take care David . I will see you one day .
Really love the long form, it brings out details that are super important. Thanks for all you do!
‘Delayed gratification is the secret for Real Estate investing’. Thank You so much David 👌
The realest segment this month!
What I don’t love about creative finance is that so many people are approaching this way. I’ve talked to a couple investor agents who I have relationships with, they’ve been approached 2-3 times a day by “investors” who don’t know what they are talking about and just puts a bad name to it. When they work with real buyers their already jaded lol. Business to business relationships are majorly important.
Yeah, all theses kids like the 19 year-old on here are ruining it for the seasoned investors. Its those stupid reality TV shows.
That's exactly my concern as well. The last 3 years have been a flood of new people jumping in and it's discouraging
Cant blame people for trying. Maybe mistakes are being made but its part of learning is it not?
Agree with everyone, but like Alecia stated, a great opportunity to mentor these young minds.
@Alecia Ostermann it's a bit different, it's more like taking on a job to build a table for someone without first learning carpentry. People are jumping in without spending the time to learn the laws and other details of the process. So many people "learning" while posing as professionals is creating a bad look for everyone.
Wow words of wisdom..this is exactly my scenario in Toronto Canada long term no cash flow currently but huge appreciation. Great content👌 👏 👍
I just got a cash flowing property in Canada! .... $84 after set asides for maintenance, vacancy loss and cap ex but it still counts! Great episode
I got kinda depressed and discouraged listening to this one, David. Just b/c I did exactly what you are saying is not the greatest idea... I bought properties in Alabama and Indiana that cash flow, but have very very low, if any, appreciation. I think I will pivot now and try to focus on where I live, which is the greater Dallas area. I just chose to go out of state at the time b/c property taxes are such a killer here. The out of state properties were much cheaper & had much lower property taxes. But of course, the appreciation is really good in DFW, as I have seen on my personal home. Time to change course. Might go after some small multi and also try mid-term rentals. I just feel behind b/c of that prior decision. All I can do is adjust where I'm at and go from here. Thanks for all you do.
You never talk enough David;) love listening to your wisdom
Great video sir. Was very encouraging to my husband and I. A nice mix of long and short shows would be appreciated. Otherwise we have to pause and watch the rest of a video another time. But your “ranting” today was so interesting!
EGO… That’s a very convicting statement about looking at other people’s situations. We are returning to a time where we must except the facts that fundamentals matter.
I love the show and don't give a darn about the background color. Thanks for the reminder about focusing on the long term. My insurance costs are steadily rising in south Louisiana but we are still above water. At the moment... it does have me wondering if I should sell and buy outside of hurricane alley. PS: don't worry about the length of the show. If it is good info, it is worth the time.
It's easy the downplay the importance of cash flow when you have plenty of cash. Most of us trying the BRRRR method are doing it because we want cashflow. I'm really not interested in getting a second job to pay for my rentals.
Hi David!
Thank you for forgetting to turn on the green light at the beginning of the show.
A few days ago I was looking for peanut butter in my fridge, which I usually strategically place to the right of my cold brew coffee. That morning the peanut butter jar was nowhere to be found! I asked my fiancée who was putting the dishes away if she had seen it.
She started cracking up and said: it’s right in front of you! It was to the left of the cold brew… I have the worst refrigerator eyes 😢
I learned from your rants. Tfs David. This length of show was good ❤
I don't appreciate the click-bait liner about the end of cashflow with all the economic craziness going on. Please keep your content awesome, thanks!
Fascinating that you're familiar with things in Egypt. It's changed from 50% to 0 and sometimes 10% but the issue is that prices are so high compared to income. Not even collecting rent comes close to alleviating payments.
David: Your Seeing Greene episodes are some of the most helpful, info rich episodes on the internet. Thank you!!
Great episode! Loved the rants with your extra thoughts. Length was fine for me. Keep it up! 👊
You don’t have to invest in the US. Other countries DO have properties better than the 1% rule and cost a lot less than a property in the US.
Love the longer format. Wise words, not a get rich quick strategy.
I like longer shows David. The longer the better!
Watching from Toronto Canada here and wanna give a shout out for calling out long term and delayed gratification of real estate investing. +21 years investing and equity has outpaced cash flow every year. Buy quality, vet your tenants and be patient amigos!!
Yes 23 years for me, and finally I can relax and only do a bit of part time work if I want. Still got housemates though 😆
The timing for this podcast was perfect David
Yes. I also Blaze up a spliff and study money. It’s my life. Also, acting on a good deal is always a nice treat in the long run.
seeing Greene, insane value episodes. Longer the better, we can listen to these anywhere, on the drive, on the toilet, in the shower, on the run, on the bike, while cooking. keep it comin
My new listing has over $1000 cashflow! Just went live yesterday in Milwaukee. $299k with $3400 rents!
Killer, I’m sure that won’t be around long. 🎉
I don’t work in WI but TN, GA, NC I am a buyer
How do I get more info?
Damb that was a still
If cash flow is dead and you're an appreciation investor, you need to do a thoughtful comparison of RE to stocks and bonds. You won't get a detailed analysis on this BP channel.
Here's a hint though: RE isn't the best option.
Depends on the market and timeline. Must factor the tax benefits aswell. I say do both stocks and RE.
@@MikeHawk143 but you won’t hear any analysis on this channel
@@Rothbardo Well yeah one host is a ex cop turned real estate agent/broker and the other is a copywriter turned airbnb course sales man / youtuber.
I have had 2 separate properties where I bought correctly several years back, but increased property values drove up property taxes which increased mortgage payments. I don’t think enough people consider this.
Yeah, we had the same thing, increased the mortgage from $900 to $1,200 at one house. The other went from $1,250 to $1,700.
@@cubicleinvestor2553 if porperty values go up, then your rent should go up too.
@@REIwAlexY the change in monthly mortgage payment happened several months into the leases, so we cannot just raise them. Our rent is also already at market price. My point is that people may just assume since they have a fixed year 30 they think their mortgage will stay the same. That is not the case with increased property values.
@Cubicle Investor okay, sure, but then that means YOUR property also should've increased in value. In other words, you should've gained equity if/when you sell the house which should more than makeup the short-term difference in rent vs mortgage.
cash flow/rent vs mortage is balanced out by appreciation. So some months/years you will have more cash flow and others more appreciation. That's nothing new imo
@@REIwAlexYmy point was the impact on cash flow in the short term, not appreciation in the long term. Properties that once cashflowed, may not do so now. Investors need to be mindful of this.
Hey David! I usually listen on the Apple podcast app so I don’t understand why people would get so upset when you forget to turn the light green! 😂 Also I like the longer shows and don’t mind at all if it runs longer- I love listening to your rants- don’t stop being you!
The way I see it is that negative cash flow is a result as speculation that prices are going to up. If the desired total annual yield is 12% and you are getting -3% cash flow, then the market is anticipating a 15% appreciation. That is a risky game and doesn't feel out of the norm of the current market. For me, I have to see a way to break even given mortgage payment, plus 20% operating costs. This seems to be the cost of doing business for my rentals. Most in my are yield a negative CF even with 20% down! Yikes!
I swear to gosh, David is the only real estate genius I’d pay to talk to for an hour.
Absent minded things - I don't wear a jacket anywhere I go, because I'm too absent-minded to keep track of it. Once I take it off somewhere, it stays there until somebody brings me my jacket. Everyone thinks I'm tough as nails for never wearing a jacket, but really I'm just incapable of the responsibility that comes with wearing a jacket.
I like the longer shows!! I appreciate the context and the thought trails you follow. Thank you for these!
David is talking crazy. Real estate is not the only way to invest. You could get better returns elsewhere.
Then telling everyone to run to Dallas smh Dallas is already ruined now.
If it doesn't make sense mathematically then don't buy it
Great stuff! I just had an hour long car ride, so this time format was perfect.
Thanks for all the advice David! I like the long thorough answers. Your advice today has got me thinking about looking for options in my expensive but highly appreciating hometown as well as doing the out of state deals I’m currently buying. There are many ways to look at real estate and I love hearing them all and seeing how they fit into my world.
I love the long shows, thanks for all your valuable advice.
Yeah Nick everyone is having that problem right now.
I like as much detail as possible.
I am a mortgage broker and I am seeing mid to high 5 rates with FHA! This is wholesale rates I get from investors so ppl are not stuck with 7 something %
You killed it! I’m looking forward to the retreat this week.
One of my favorite Seeing Green episodes! Very informative. Thank you!
No debt, and treat my cash purchases primary residence as an expense, not an investment.
Can't tell you how often I am at a checkout realizing I left my wallet in the car or at home. Hate that feeling
apple pay
I'm sorry I do not believe a huge smokies mansion, 8 bed 8000 sqft cabin rents as well as a average 2-3 bedroom. You compared the two renting 200 days a year which from my experience large cabins do not rent that often and the expenses are insane.
I just bought my first home at market price. 150k 3b2bth 2 car garage. I plan on updating it and renting it out in a year or two then purchase a second home and do the same thing (and look for a better deal $) I’m hoping I don’t get wrecked wish me luck.
David,
I need cash flow because I don’t make a lot of money 🤷♂️
Loved it…Length is perfect!
Unless you build from the ground up. Then yes cash flow there.
The current length of the shows are fine. I would love to see more info about landlord friendly property insurance options. That's eating away at my cashflow. I need to know how to optimize insurance costs for a 10+ property portfolio. I live in the Southeast and there are very few insurers that cover that area. It seems like they charge whatever they want.
Duuuuude on your part about being absentminded I had to share with my wife. It’s why I’m always saying “systems systems systems!” To her because I grew up an absent minded doofus. The car keys thing is… key? 🥴 I sometimes leave my car keys on top of the fridge if I need to remember to take food with me to a potluck or put my keys basically on anything I need to remember to bring with me. I systemize a lot of mundane actions and use lists and notes on my phone a lot because it helps me work around my tendency to be absent minded. It’s like how pilots use checklists on every takeoff.
E as
When renting by the room, is turn over of tenants a problem? Is month to month better when renting rooms? Does the eviction process and costs for room rentals higher?
I like the content and length of time. 45min is good.
This was a great show. Lots of good info. Thanks for doing this!
But what are all 10 ways to make money in real estate? We only got 4??!!
Same length or longer is good, listening at work and longer is better
In my area there are a lot of new apartments project going on this past few years. Should I switch to sfh or stick on looking out for multi family.
It’s the Dave Green analogies! Bobbing 4 🍎Apples!
Hi David , great show. I was wondering if you can let me know if you have property management comp. in Jacksonville FL that you would recommend for long and short term rentals and also Real estate agent who can help in finding investment property. Thank you, Vigen
Good rants David!
Love today’s content
Great content i think 40-45 minutes is ideal
Thank you 🙏
Keep it going please
Hey David! Do you know what the name of that short term rentals company you were referring to in Jacksonville?
Appreciate the amazing, practical and educational pearls that your channel provides. It applies to RE and mindsets in life, in general.
👍🏻📚🤓
So basically…be rich and buy expensive properties and there’s no way to lose money….ya ok bud this doesn’t work for 98% of the population
Yes run a successful business or get a high paying job, hopefully duel income.
@@MikeHawk143 😖 ya ok takes money to start a business, and even dual income won’t cut it nowadays
My woman and I are age 32 , debt free with a paid off house and vehicles
800+ credit scores and we make over 130k a year which is almost 3 times the median income for our area
And we still can’t afford to invest anything that would see any amount of decent returns worth the risk and refuse to go into debt just to try and start a business or buy rental property the system is rigged and I hope for all younger generations sake it collapses completely and screws all the older generations in the process because as of right now younger generations are completely screwed and it’s older generations that got us in this mess
Society is run by debt it’s a rigged system and I refuse to be a debt slave
And it’s a shame that responsible individuals who stay debt free are held down and have no opportunities unless willing to be in debt
Hell joe blows two streets over making less than half what I do in debt to his eyeballs has nicer house goes on vacations etc etc living their best lives driving up prices of everything for responsible individuals
I honestly hate to say it because I love the idea America was suppose to be but I’m willing to give socialism a freaking go because the system we have now Benefits nobody but the rich and the idiots willing to take retarded risks the rest of us are just slaves with the occasional luxury and it’s not just America it’s the entire world….and younger generations are fed up with it globally
ELITES can keep their wars, their debt, and control and shove it up their you know what a storm is brewing and if younger generations have to tear down all of society in order for things to change then so be it 🤷♂️
I want to start investing in real estate buy a family home and a rental. Now my question is for me to learn more on real estate what books or where should I go to learn/get noledge as a bigger? Pls let me know thanks
I like longer shows like this one, great stuff
I might be wrong but it feels like it's too late to get started at this point, and only the people who got going in the "golden age" have the advantage over everyone else.
Just wait a year, you can shine. Save your money. Wait for the deeper housing correction because we aren’t done correcting.
@@CoffeeAndBusiness not even close. We're about 2 to 4 years out. Banks in liquidity crisis now means tighter lending into a slowdown.
@@Rexmorgan687 Well essentially I told him to save his money for the crash. That would imply that he waits on the crash and then he pays cash
Question my name is Christian I am 22. 2 years ago I purchased my first house for 80,000 I used to think I was going to live in this home forever lol so it’s now remodeled in and out but now I have got into wanting to start my rental investing spoke to a real estate agent my home is now worth 240,000 I still owe 60,000 I don’t have a loan on this home my father in law had sold me this home and transferred the title to me and my wife what start would you recommend me to do sell and invest that cash in properties or rent this home out and cash flow 800 monthly rents are around 1800 + in my neighborhood I pay 800 a month to my mother in law and property tax is usually around 180 to 200 a month and take out equity to purchase another rental. I live in Jonesboro Georgia
Not sure if I really worded all this right I’ve never really asked for help so kind of awkward
David I always love your shows thank you so much for what you do. You said Dallas was one year top three markets which is one I was thinking of. What are the other two markets that you think are hot right now
David - hilarious you forgot to turn your green light on! For me - I forget my phone when I leave the house at least 3 times a week. Ugghhh
Loose money for 9years lol 😢! Ok sign me up ! Just hold buying for a year or 2 it’s ok to just hold cash 💰! Max out your 401k ! Life is about money 💰 and loosing money for 9 years yah that’s called going bankrupt
Was it… ponte vedre, Fl..
Can you do scenarios in Midwest? 😅 we don't get rent hikes or huge equity bumbs like your Cali houses
For the same area and same $, would you buy a duplex or single family? I feel like single family has more room for appreciation?
Multi personally
@@kimberiysmarketstrategy thanks! Why is that?
Yes
@@athenatong3768 easier to cashflow
I turned this off on David’s intro statement
My question about the guy in Dallas; why did he move out? That might be why he's losing $200, bc when he was living there, he wasn't paying rent wherever he is now, right?
Thank you so much David for all your great tips, I am looking to buy my first multi family, looking for a local partner in Baltimore Maryland who is reliable and professional... Thank you very much
How can we justify 5 parking spots for the five students? Won’t neighbors complain?
I needed this video!!! I have a property that I leveraged and the rent pays the heloc and mortgage. This one started as my personal has a 15 yr at 2.97% with 12 years left. Had to evict a scammer tenant. Now I’m in the hole. Trying to decide if I should sell or use the house for mid term rentals. Doing that means I have to invest more after just taking a loss. But that’s the only way I can make it cash flow. Standard rent can go up a touch but not much. Any have any suggestions?
Midterm
2.97% is like free money. Dont sell, atleast for 5 years.
Get a tenant in there asap
You can’t get tenants? Bad purchase.
@@HappyPenguin75034 tenants are the problem. Trying to figure if I should furnish the place and use it as a mid term rental or sell and start building. That would allow me to wash rinse repeat even with these rates
23:20 Yes yes yes! That throws me out so much! I'm from France but live in the US now and this throws me out all the time, in Europe no way you find real estate that cash flow from day one, at best you break even but in the long term, you always win! Thanks David that was an awesome episode.
Amazing episode!!!
This was a great show