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702: Seeing Greene: Do 40-Year Mortgages Ever Make Sense?

702: Seeing Greene: Do 40-Year Mortgages Ever Make Sense?

FromBiggerPockets Real Estate Podcast


702: Seeing Greene: Do 40-Year Mortgages Ever Make Sense?

FromBiggerPockets Real Estate Podcast

ratings:
Length:
46 minutes
Released:
Dec 18, 2022
Format:
Podcast episode

Description

Renting vs. buying a home, forty-year mortgages, HELOCs, and relationships vs. real estate. There’s something for everyone on this episode of Seeing Greene, as David tackles questions that go far beyond just basic investing. And as the housing market continues to get even more confusing, homebuyers, landlords, and sellers are stuck with some serious debates that only an expert agent, mortgage broker, and investor like David can answer!When choosing to rent vs. buy a home, David uses some geographic-specific data to decide which markets make more sense to own. Then, we have a question on how an interest-only mortgage works, and whether not paying into principal is a waste of time or a better option for cash-flow-strapped landlords. If you’re thinking of buying a property in all cash, David has some advice as to why now may not be the time to use loan-free dollars to get a better deal. Finally, David takes a more personal question from a listener, asking when to put real estate over relationships and why dating feels like a “waste of time” when trying to build wealth.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:Buying vs. renting and when house hacking makes sense EVEN if you lose money every monthUsing a HELOC (home equity line of credit) to buy your first rental and the dangers of doing soInvesting in your business vs. buying more real estate and when to do bothThe “lease-back” agreement and why it’s a phenomenal way to get a tough deal doneBuying rentals in cash and why it may be a mistake as the markets shifts more to the buyersHaving a social life vs. investing and why so many investors find dating a waste of timeAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen 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 InstagramDavid’s YouTube ChannelRenting vs. Buying a House: Which Makes More Sense in 2022?The Pros and Cons of a Lease Forward (or Lease Back)Should You Pay Cash for a House? Maybe Not—Here’s WhyLearn More About David’s Full Real Estate TeamBooks Mentioned in the Show:SOLD by David GreeneSKILL by David GreeneClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-702Interested 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:
Dec 18, 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.