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645: Seeing Greene: Will Borrowing Money from Family Ruin Your Real Estate Deal?

645: Seeing Greene: Will Borrowing Money from Family Ruin Your Real Estate Deal?

FromBiggerPockets Real Estate Podcast


645: Seeing Greene: Will Borrowing Money from Family Ruin Your Real Estate Deal?

FromBiggerPockets Real Estate Podcast

ratings:
Length:
42 minutes
Released:
Aug 7, 2022
Format:
Podcast episode

Description

Should you borrow money from your family? It could hurt your relationship if the deal goes wrong, but strengthen an existing partnership if everything goes right. Maybe a better question—how should you start raising private capital for your real estate deals? When it comes to the debt vs. equity debate, which makes more sense in your situation? Don’t worry, we’re bringing answers to all these questions and more!Welcome back to another episode of Seeing Greene, where your host David Greene answers questions from both aspiring and established real estate investors. We’re also joined by Alex Breshears and Beth Johnson, two expert private money lenders and authors of the newest BiggerPockets book, Lend to Live. They help tag-team some private money-specific questions as well as give context on who you should and shouldn’t accept funding from.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 hop on a live Q&A and get your question answered on the spot!In This Episode We Cover:How to use real estate depreciation to offset income from a W2Sell, refi, rent, or hold—which is the best move as the market gets shaky?Whether building a purely passive real estate portfolio is possible or improbableHow to pay back private money and whether taking debt vs. equity partners is the best moveBorrowing money from family and how it could hurt your real estate deals and relationshipsWhy understanding a lender’s pain points is mandatory before accepting money from themAnd So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramRob's BiggerPockets ProfileRob's YoutubeRob's InstagramRob's TikTokRob's TwitterBiggerPockets Podcast 636 with Amy Mahjoory (Part 1)BiggerPockets Podcast 637 with Amy Mahjoory (Part 2)Scott Trench’s 10-Step Checklist to Buy Your First Rental PropertyBooks Mentioned in the ShowLend to Live by Beth Johnson and Alex BreshearsThe Win-Win Wealth Strategy by Tom WheelwrightSet for Life by Scott TrenchConnect with Beth & Alex:Alex and Beth Email on Lend2LiveBeth's Email on Flynn Family LendingAlex' BiggerPockets ProfileBeth's BiggerPockets ProfileLend2LiveFlynn Family LendingClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-645Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Aug 7, 2022
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.