932: Seeing Greene: When NOT to Build an ADU and How to Invest $300K
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!
Links from the Show
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Ask David Your Real Estate Investing Question
Listen to Our Sister Podcast, “On the Market”
Forum Post: Buying a property where tenant does not have a lease
Episode 919: How to Use Real Estate to Quit the 9-5 Grind
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-932
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