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932: Seeing Greene: When NOT to Build an ADU and How to Invest $300K

932: Seeing Greene: When NOT to Build an ADU and How to Invest $300K

FromBiggerPockets Real Estate Podcast


932: Seeing Greene: When NOT to Build an ADU and How to Invest $300K

FromBiggerPockets Real Estate Podcast

ratings:
Length:
47 minutes
Released:
Apr 9, 2024
Format:
Podcast episode

Description

How does a HELOC work? Can you use one to start investing in real estate when you’re low on cash? And, if you do decide to go the rental property investing route, how do you ensure you’ll retire a millionaire? If these questions have been keeping you up at night, worry not; David and Rob’s real estate wisdom is about to make those early retirement and financial freedom dreams a reality. 

Welcome back to another Seeing Greene. As always, your expert investor co-hosts, David Greene and Rob Abasolo, are here to answer any and every real estate investing question you have. First, we answer, "Is an ADU (accessory dwelling unit) EVER worth building?" With the sky-high construction and labor costs, do these tiny homes make more sense now than ever? Next, we’ll break down how a HELOC (home equity line of credit) works, then David and Rob explain how they’d invest $300K in TODAY’s market and counsel a landlord/broker on how to retire a millionaire with real estate.

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
When (and when NOT) to build an ADU (accessory dwelling unit) on your property 
HELOC (home equity line of credit) interest rates explained and when to open one
How David and Rob would invest $300K in today’s housing market
How to use home equity and a SMALL real estate portfolio to retire a millionaire 
What to do when your long-term tenant NEVER signed a lease
Portfolio architecture 101 and the huge benefit of paying off your rental properties 
And So Much More!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-932
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Released:
Apr 9, 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.