Hoarder houses, hidden tax benefits, and how to invest when getting a late start—it’s all answered on this episode of Seeing Greene. We’re back, and David has brought some new questions never answered before on the show. This time, we’ll touch on some sticky situations, like creative ways to buy a hoarder house and whether investing in a tricky renovation is even worth the potential equity. We also hear about David’s secret system for getting contractors to always show up on time and get the job done, no matter what!
Not only those topics, but we also have some questions and answers that fluctuate with the market cycles. David will hit on the advantages of flipping vs. BRRRR-ing a property, the best real estate exit strategy to go from active to passive income, and what investors who got a late start can do now to get ahead. This episode has something for EVERY level of investor, from beginners who need to get into their first rental to investors looking to turn their rental properties into lower tax bills. So stick around if you’re investing or trying to invest in 2023!
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 hop on a live Q&A and get your question answered on the spot!
00:00 Intro
01:17 Quick Tip
02:19 Flipping vs. BRRRRing
06:07How to Start Investing in a New Market
08:03 How to Solve Contractor Problems
15:39 Questions from the Comment Section
22:36 Buying a Hoarder House
28:14 Real Estate Exit Strategies
32:31 How to Boost Your Tax Benefits
36:57 Getting a Late Start on Investing
41:10 Ask David Your Question!
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5 Tips to Help Investors Handle Hoarder House Situations:
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Episode 717
Show notes at:
#biggerpockets #realestatepodcast #biggerpockets717…(read more)
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Hey David! After listening to the example of jumping from a house hack to a 10 unit multi family, this question popped up in my head. How difficult is it to convert a multi family property into a condominium for which each unit is sold privately? Not sure if you've made a video about that topic but I'd love to read your thoughts about that.
Golden girls. Very unique humor and I got to watch it with my mother
Great show David, long time listener. Question at 15:00. Do you always use your own contracts or what do you do if contractors insist on using their own contracts?
How do you handle w9 so we can issue contractor 1099? Can you please talk about your process?
I think "irrespective" could work as a substitute for "irregardless" .
David! You're a boss and have been so helpful in my journey. Just want to say you explain things super clear and keep up the good work!
I am finding it is really hard to cashflow with current interest rates. Is it worth it to basically break even now, hoping rates go down in a couple years where I can refinance and then cashflow?
Hey David! I am a new agent in South Florida in a city called Punta Gorda, just south of Sarasota. I’m on the hunt for a broker starting this week and I’m figuring out my plan for the future. Long term I want to move to the Pacific Northwest and do something like what James Dainard is doing if all goes well. Being an agent is not my end goal, it is a step forward.
I can picture where I want to be in 10 or 20 years but I don’t know the path to get there. Regardless, I am determined that Real Estate is going to be my bread and butter in life. I fell in love with Real Estate because of you and Bigger Pockets and I want to say thank you thank you thank you for opening my eyes to this at a young age. I hope to see you at a future BPCON.
@davidgreene24 maybe we need to speak up and comment more, many of us want MORE of the mindset content. I was very sad when Brandon left and the weekly mindset episodes ended. I agree the mindset content is the most valuable.
Contractors always use family as an excuse.
I always love these episodes, super helpful!
However, as a contractor, sometimes I get the feeling that investors consider a 'good contractor' as one who doesn't know how to run his business and therefore doesn't charge enough for his quality of work. Where is there space for a good contractor who does good work and knows how to charge for it?
What up David The Real Estate Ninja….what do you consider a high net worth regards to loan in personal name versus LLc
David! Love the mustachio! And the side burns!!!
Golden Girls for the win! Blanche: "You can't pass up a chance to own real estate. It's been a lifesaver for me."
8:00 I experienced the same problem before. The contractor delayed the work for 6-8 months. I reported the contractor to the Licensing Board and the Board gave me their Bonds information. I mentioned this to the contractor and he paid me back my money. I lost time and money but learned my lesson.
BHR aka Buy Hold Rent sucks! Buy Sell Carry NOTE Repo Rehab Resell Carry Again!
David, I think your brain subconsciously fights between "irrespective" and "regardless"and ends up using irregardless
Wow… Hold on there David. People were stealing titles to your property and you just glazed over it. I get that you don't want to go into personal detail about the issue but I would love it if you can talk a little bit about how to protect yourself from such things. In my mind I'm thinking if it can happen to David G. it could happen to me and how do I avoid it
Lol when did this become English studies darn trolls get over it
These episodes are absolutely phenomenal. I learn something new in each one. You're a great host, David!