73 min listen
657: Seeing Greene: Can You Start Investing with Just $5,000?
657: Seeing Greene: Can You Start Investing with Just $5,000?
ratings:
Length:
47 minutes
Released:
Sep 4, 2022
Format:
Podcast episode
Description
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 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! In This Episode We Cover:The 1031 exchange explained and how to turn one property into many Single-family vs. multifamily real estate and which will make more in the next decadeReal estate coaching and why it might not be as good of a career as most people thinkStocks vs. real estate and which is better for the investor trying to build wealth nowPaying off debt vs. investing in real estate and how to know which move is right for your specific circumstanceHow to start investing with as little as five-thousand dollars (even with no experience!)And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGet Your Ticket for BPCon 2022Listen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramAsk David Your Real Estate Investing QuestionBiggerPockets Real Estate Podcast 639 with Matt Argersinger from “The Motley Fool”Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-656Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Sep 4, 2022
Format:
Podcast episode
Titles in the series (100)
#15: From $80k in Credit Card Debt to 100+ Deals with Glenn and Amber Schworm: Starting out with nothing is not easy. Luckily - this week on the BiggerPockets Podcast we are talking with husband and wife team Glenn and Amber Schworm, who have successfully done just this and scaled their real estate business to over 100 deals! On... by BiggerPockets Real Estate Podcast