When is it NOT worth taking a capital gains tax exemption? Wouldn’t it ALWAYS be a good time to pay Uncle Sam less? Not exactly…and today, we’re going to get into why. But there’s much more coming up in this Seeing Greene. If you’ve had trouble with an overbudget home renovation or are a real estate agent looking for new ways to find leads, stick around—we’ve got just what you need.
BRRRRman and Rob-in are back as our housing heroes, answering any and every question you have about real estate investing. First, Ronnie, a new real estate agent and full-time law enforcement officer, wants to know how to get more leads in his small market. David gives one piece of advice EVERY real estate agent must hear to help explode their businesses. Next, we discuss refinancing vs. recasting your mortgage and when each is worth it. A house hacker debates reinvesting in his backyard tiny home or buying a house in cash. Then, we talk about why selling your former primary residence, even with a capital gains exemption, might not make sense. And finally, a rehab gone wrong causes an investor to question whether it’s time to hold ’em or fold ’em.
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 get more real estate leads as an agent no matter the size of your market
“Recasting” your mortgage and how it can save you hundreds or thousands every month
Reinvesting in a rental or buying a new one in cash using a cash-out refinance
Avoiding capital gains taxes when selling your primary and whether to move that cash into a new rental OR keep the property
Home renovations gone wrong and when to sell a property you’ve gone over budget on
And So Much More!
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927: Seeing Greene: Refi vs. “Recast,” Tax-Free Equity, & When to Cut Your Losses | BiggerPockets Real Estate Podcast - Listen or read transcript on Metacast
