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927: Seeing Greene: Refi vs. “Recast,” Tax-Free Equity, & When to Cut Your Losses

927: Seeing Greene: Refi vs. “Recast,” Tax-Free Equity, & When to Cut Your Losses

FromBiggerPockets Real Estate Podcast


927: Seeing Greene: Refi vs. “Recast,” Tax-Free Equity, & When to Cut Your Losses

FromBiggerPockets Real Estate Podcast

ratings:
Length:
47 minutes
Released:
Apr 2, 2024
Format:
Podcast episode

Description

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!

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-927
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Released:
Apr 2, 2024
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.