Paying off your mortgage early—to some people, this sounds like a dream scenario. But to others, it could be a cash-tastrophe. We can already hear real estate investors yelling out “always use leverage”, “what about the low interest rates!?”, and “you can scale so much quicker!” Like many real estate investors, David Greene knows the power of leverage and loans to buy rental properties faster. But, it’s safe to say that for some people, paying off a property or buying a home in cash may be a much smarter move.
Welcome back to another episode of Seeing Greene where David answers questions directly from BiggerPockets listeners and viewers on YouTube. This time around, we have some seriously useful questions being answered for the new investor. These questions range from when to take out a loan and when to pay off a property, how to get started in real estate in your early twenties, how to build more cash flow as your expenses increase, how to get a HELOC on your rental property, and how to raise money for a down payment. All these questions (and more) are coming up!
Want to ask David a question? If so, submit your question here (https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none) 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!
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Join BiggerPockets for FREE:
https://www.biggerpockets.com/signup?utm_source=youtube&utm_medium=description&utm_campaign=none
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Ask David Your Real Estate Investing Question:
https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none
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Get Your Tickets to BPCon2022:
https://www.biggerpockets.com/conference?utm_source=youtube&utm_medium=description&utm_campaign=none
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Books Mentioned in Today’s Show:
SOLD: https://store.biggerpockets.com/products/sold-every-real-estate-agent-s-guide-to-building-a-profitable-business?utm_source=youtube&utm_medium=description&utm_campaign=none
SKILL: https://store.biggerpockets.com/products/skill-a-top-producing-agent-s-guide-to-earning-unlimited-income?utm_source=youtube&utm_medium=description&utm_campaign=none
The House Hacking Strategy: https://store.biggerpockets.com/products/the-house-hacking-strategy?utm_source=youtube&utm_medium=description&utm_campaign=none
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Listen to the BiggerPockets Money Podcast:
https://www.biggerpockets.com/podcasts/money?utm_source=youtube&utm_medium=description&utm_campaign=none
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Work with David’s Team on Your Next Mortgage:
https://www.the1brokerage.com/
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Subscribe to David’s Channel on YouTube:
https://www.youtube.com/c/DavidGreeneRealEstate
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Follow David and BiggerPockets on Instagram:
@davidgreene24 or https://www.instagram.com/davidgreene24/
@biggerpockets or https://www.instagram.com/biggerpockets/
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Connect with David on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Episode 621
Show notes at: https://www.biggerpockets.com/blog/real-estate-621?utm_source=youtube&utm_medium=description&utm_campaign=none
00:00 Intro
01:49 Quick Tip
02:43 Should I Buy Properties in Cash?
09:39 How to Get Started in Real Estate Investing
12:04 How to Increase Cash Flow
19:08 Questions from The Comment Section
25:10 Investing Like a Professor
29:47 Getting a HELOC on a Rental Property
32:37 How to Come Up with Down Payment Funds
37:39 How to Get Preapproved with a 1099
41:38 Ask David Your Question!
