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831: Seeing Greene: Depreciation 101 and When to Sell a Reliable Rental

831: Seeing Greene: Depreciation 101 and When to Sell a Reliable Rental

FromBiggerPockets Real Estate Podcast


831: Seeing Greene: Depreciation 101 and When to Sell a Reliable Rental

FromBiggerPockets Real Estate Podcast

ratings:
Length:
38 minutes
Released:
Oct 15, 2023
Format:
Podcast episode

Description

“Should I sell my rental property in 2023?” If you own investment property, you’ve probably asked yourself this numerous times over the past ten months. Prices are high, inventory is low, and your appreciated property’s profits could be turned into even more rental units, making you wealthier over time. So, how do you know if selling and swapping is the best move to make? Or, if you do sell, could you be missing out on even more wild appreciation potential? Let’s find out!
Welcome back to Seeing Greene, where your investor, agent, lender, big guy at the gym who helps you with your form, and mentor, David Greene, is here to answer your real estate investing questions. This time, we hear from a Canadian investor debating selling her pricey Toronto triplex for cash-flowing American real estate. Then, David shows you exactly where to find rental property leases, when pulling out equity may not be a good idea, what to do when you CAN’T get home insurance, and how to calculate depreciation on your next rental.
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:
When to trade your reliable rental for more doors and bigger cash flow 
Lease agreements and whether making your own or using a property manager is a better bargain
HELOCs, 401(k) loans, and the right way to pay off debt FAST 
The home insurance crisis and what to do when you can’t get coverage for your rental
Calculating depreciation on a potential property and when tax savings AREN’T worth doing another deal
And So Much More!
Links from the Show
Find an Agent
Find a Lender
BiggerPockets Youtube Channel
BiggerPockets Forums
BiggerPockets Pro Membership
BiggerPockets Bookstore
BiggerPockets Bootcamps
BiggerPockets Podcast
BiggerPockets Merch
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Ask David Your Real Estate Investing Question
Davids's BiggerPockets Profile
David's Instagram
Subscribe to David’s YouTube Channel
Get Lawyer-Reviewed Lease Forms for Your Rental
BiggerPockets Podcast 728 on Medium-Term Rentals
BiggerPockets Podcast 819 on Insurance Crisis
BiggerPockets Podcast 820 on Late Starter’s Guide
Books Mentioned in the Show
Pillars of Wealth by David Greene

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-831
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Released:
Oct 15, 2023
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.