BiggerPockets Real Estate Podcast
Business:Investing
About to take out a HELOC to buy an investment property? This could be a move you regret for years, ESPECIALLY if you’re doing this in 2023. As home prices have risen and real estate investors search for more money to invest, the HELOC (home equity line of credit) has become an obvious choice for many. But drawing from these lines of credit could come with a lot more risk than you might think and may tank your cash flow.
David Greene is back on another Seeing Greene, live from Florida! But that’s not all; Rob (Robuilt) Abasolo is coming on to tag-team your real estate investing questions. They'll first talk to Tim, who wants to invest in real estate in high-priced Southern California. He has a townhome with some sizable equity but doesn’t know how to fund his first investment or make the most cash flow. David and Rob also hit on what to do with inherited or paid-off properties and how to scale when you lack the capital. Plus, we read a two-star review and combat it with a YouTube comment compliment from David’s secret admirer.
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:
How to turn your home into a rental property and investing in expensive areas
When you should (and definitely shouldn’t) use a HELOC to fund your rental property purchase
The super passive short-term rental “reverse” arbitrage model most landlords don’t know about
Scaling your real estate portfolio even when you’re out of capital
Inherited properties and how to make hands-off cash flow
The smartest ways to fund rental property repairs and renovations
And So Much More!
Links from the Show
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Davids's BiggerPockets Profile
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Subscribe to David’s YouTube Channel
Rob's BiggerPockets Profile
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Rob's TikTok
Rob's Twitter
Rob's YouTube
Ask David Your Real Estate Investing Question
Seeing Greene: Early Retirement, Private Lending, & The $10,000 “Guru” Trap (Ep 825)
How to Use a HELOC to Buy Real Estate
Book Mentioned in the Show:
Pillars of Wealth by David Greene
Connect with Tim:
Tim's BiggerPockets Profile
Tim's Instagram
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-834
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930: Agents React to NAR Lawsuit Commission Change
929: Spring Cleaning: Why We’re Selling Off Parts of Our Rental Portfolios
928: 124 Units in 4 Years by Only Investing in Small Towns and Tiny Markets w/Dylan Osmon
927: Seeing Greene: Refi vs. “Recast,” Tax-Free Equity, & When to Cut Your Losses
926: 6 Tips to Grow Your Real Estate Portfolio While Working 9-5
925: BiggerNews: Housing Inventory Up 24%, Are We Returning to “Normal”? w/Mike Simonsen
924: Raising Private Money 101: Beginner Steps to Raise Your First $1,000,000
923: From No Savings to Building 60 Houses in 5 Years! w/Ayesha and Kevan Shelton
922: Seeing Greene: Signs It’s Time to STOP Investing in Real Estate
921: How to Get More Airbnb Bookings This Spring and Summer Break
920: Breaking: NAR Settles for $418M, Buying and Selling Homes Could Change Forever w/The New York Times’ Debra Kamin
919: How to Use Real Estate to Quit the 9-5 Grind
918: Creating Their Own Demand By Ditching the "Cookie-Cutter Flips" w/George and Heather Bassett
917: Seeing Greene: Can I Escape the Rat Race with Just $70K?
916: Crucial Contractor Tips to Avoid Renovation Disaster w/‘Rico to the Rescue’
How to Get an Off-Market Seller on YOUR Side (+Most Common Objections) W/DealMachine
915: BiggerNews: Why Mortgage Rates AREN’T Falling w/Caeli Ridge
914: Deals We’re Doing: Rob’s Pink Pickle and How David Made $500K on ONE House914:
913: 150+ Deals in 3 Years and Why You DON’T Want to Be a Landlord w/Don'nell Greer
912: Seeing Greene: Paying Off Rentals, Partnerships Splits, & Using Home Equity
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