Should I pay off my rental property or reinvest? How do I replace my six-figure salary with cash flow from real estate investing? And what’s the best way to analyze crime BEFORE I invest in an area? You asked, and we’re here to answer on this episode of Seeing Greene as we take questions from rookie real estate investors, veterans in the rental property game, and everyone in between. If you want to scale your portfolio faster or quit your job with real estate, this is the place to be!
First, we take a question from a high-earner asking whether they should pay off their rental properties OR use their extra money to build a bigger portfolio faster. A fledgling house hacker wants to know the best way to analyze an investing area for crime now that many online listing websites have taken down this data. A business owner is struggling to find real estate write-offs and asks for help, and a rental property investor needs to know which commercial real estate investment boasts the biggest cash flow. Finally, an anonymous question comes in from a techie who’s about to lose their job. How can they replace their six-figure income with rental properties fast?
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:
Whether to pay off your mortgages early or reinvest to build a bigger portfolio
Replacing your salary with real estate income and why you may want to get a job instead
How to analyze an investment area for crime with limited online data
The short-term rental tax loophole that could save you a TON on taxes
Will an ADU (accessory dwelling unit) add value to your property on an appraisal?
Cash-flowing commercial real estate investments and why top investors pay attention to something else
And So Much More!
Links from the Show
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Ask Other Investors Their Takes on a Neighborhood
Rookie Podcast 368 - Pay Less Tax to the IRS This Year With THESE Real Estate Tax Strategies w/Natalie Kolodij
Real Estate Podcast 823 - The Tax-Free Strategy Only Real Estate Investors Can Access
Real Estate Podcast 919 - How to Use Real Estate to Quit the 9-5 Grind
Get a Short-Term Rental Cost Segregation
Books Mentioned in the Show
Pillars of Wealth by David Greene
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-937
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937: Seeing Greene: Paying Off Rentals, Estimating Crime, & Replacing Your Salary | BiggerPockets Real Estate Podcast - Listen or read transcript on Metacast
