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What’s the Best Way to Build Wealth? (In 10 Years or Less)

The best way to build wealth isn’t always the most obvious. More people will take the passive road to wealth building, which is usually far slower, and much less efficient than the active path to wealth. The active investor takes time making calculated decisions that would scare almost every average investor. Flipping a house, renovating a rental, or buying a thirteen-unit apartment building may be a little too much for most people, but probably not too much for you.

If you’re looking to fast-track your way to millionaire status, have the passive cash flow to float you in retirement, and live life on your schedule, then real estate investing is probably your chosen asset. The guests of today’s Seeing Greene episode prove this even with their quick questions. In this episode, David will answer questions on which investing strategy is best over the next ten years, whether to invest in stocks vs. real estate, how to start investing with as little as $5K and up to $100K, and how increasing your leverage can slingshot your net worth.

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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Episode 657

Show notes at: https://www.biggerpockets.com/blog/real-estate-657?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro
02:33 Quick Tip(s)
03:26 Which Properties Build Wealth Faster?
09:32 Should I Become a Real Estate Coach?
14:07 Investing in Stocks vs. Real Estate
20:23 Questions from The Comment Section
23:28 How to Invest in Real Estate with $5,000
26:34 Renovate or Sell Your Short-Term Rental?
31:26 How Should I Invest $100K?
34:33 Pay Off Debt or Invest in Real Estate?
39:48 Ask David Your Question!

#biggerpockets #realestatepodcast #episode657

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