BiggerPockets | How to Use Home Equity: Buy More Rentals OR Renovate Current One? @biggerpockets | Uploaded June 2024 | Updated October 2024, 14 hours ago.
Episode #972

Want to retire early? Real estate investing might be your best bet. Looking to boost your cash flow and expand your real estate portfolio, too? In today’s show, we’re sharing how to use home equity to build wealth the RIGHT way, plus the “portfolio architecture” secrets that enable you to retire earlier than you thought. Whether you’ve got one rental or a hundred or are just starting to dig into real estate investing, we’ve got the investing information you need on this Seeing Greene to reach true financial freedom.

First, an investor sitting on $300,000 of equity asks what he should do: sell his current rental property and buy more OR convert the single-family home into a multifamily investment. The answer isn’t as clear-cut as you’d think. Next, we discuss whether ARMs (adjustable-rate mortgages) vs. fixed-rate mortgages are your best bet for a lower mortgage rate. Plus, we'll share the five BIG mistakes new real estate investors can make. Finally, David describes “portfolio architecture” to an investor who wants to retire by age fifty. He CAN get it done, and you can, too, IF you follow David’s massive passive income plan!

Want to ask David and Rob a question? If so, submit your question here (biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none) so David can answer it on the next episode of Seeing Greene, or hop on the BiggerPockets forums and ask other investors their take!

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Books Mentioned in This Episode:
“Rich Dad Poor Dad”: store.biggerpockets.com/products/rich-dad-poor-dad?utm_source=youtube&utm_medium=description&utm_campaign=none
“The Richest Man in Babylon”: store.biggerpockets.com/products/richest-man-in-babylon-biggerpockets-edition?utm_source=youtube&utm_medium=description&utm_campaign=none
“Short-Term Rental, Long-Term Wealth”: store.biggerpockets.com/collections/all-books/products/short-term-rental-long-term-wealth?utm_source=owned_media
“30-Day Stay”: store.biggerpockets.com/products/30-day-stay?utm_source=youtube&utm_medium=description&utm_campaign=none
“Real Estate Note Investing”: store.biggerpockets.com/products/real-estate-note-investing?utm_source=owned_media
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Connect with Other Investors on the BiggerPockets Forums:
biggerpockets.com/forums?utm_source=owned_media
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Hear Mindy on the “BiggerPockets Money” Podcast:
link.chtbl.com/Money
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The 5 Biggest Mistakes New Investors Are Making Here In The Forums:
biggerpockets.com/forums/12/topics/1192867-the-5-biggest-mistakes-new-investors-are-making-here-in-the-forums?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Mindy on BiggerPockets:
biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with David and Rob on BiggerPockets:
David: biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Rob (Robuilt):
Instagram: instagram.com/robuilt
TikTok: tiktok.com/@robuilto
X/Twitter: twitter.com/robuiltchannel
YouTube: youtube.com/c/Robuilt
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Follow David and BiggerPockets on Instagram:
@davidgreene24 or instagram.com/davidgreene24
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Show notes at: link.chtbl.com/BPRE


00:00 Intro

01:31 Buy More Rentals or Convert Current One?

07:33 ARM vs. Fixed- Rate Mortgages

16:43 5 Mistakes New Investors Make

21:08 Portfolio Architecture (Retire Early!)

32:05 Moving “Lazy” Equity

42:09 Note Investing 101

51:12 Starting a Business

53:50 Ask Us Your Question!