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973: Seeing Greene: Retiring Early, ARMs vs. Fixed-Rate Mortgages, & When to Sell

UNLIMITED

973: Seeing Greene: Retiring Early, ARMs vs. Fixed-Rate Mortgages, & When to Sell

FromBiggerPockets Real Estate Podcast


UNLIMITED

973: Seeing Greene: Retiring Early, ARMs vs. Fixed-Rate Mortgages, & When to Sell

FromBiggerPockets Real Estate Podcast

ratings:
Length:
62 minutes
Released:
Jun 18, 2024
Format:
Podcast episode

Description

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 so they can answer it on the next episode of Seeing Greene, or hop on the BiggerPockets forums and ask other investors their take!

In This Episode We Cover
How to retire earlier with rental properties by strategizing your “portfolio architecture”
Using home equity to invest and whether you should renovate a property or sell it and buy more rentals 
Adjustable-rate mortgages (ARMs) vs. fixed-rate mortgages and the “rate roulette” you could be playing
Five real estate investing beginner mistakes you should avoid when using the BiggerPockets Forums 
How to explode your cash flow by converting your long-term rental into a short or medium-term rental 
And So Much More!

(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!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-973
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].
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Released:
Jun 18, 2024
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.