Should you pay off debt or invest in real estate? Whether you’re young or old, rich or poor, in consumer debt or student debt, this is a question that almost everyone has. With inflation hitting decade-long heights, debt seems to be worth less and less every day. But, the other side to this coin is that asset prices, including real estate, are going up. Is there a right move to make, or are we stuck treading water without enough financial traction to stick to?
Hear answers to this question (and many more) on this week’s Seeing Greene, with your favorite host, agent, investor, and mortgage magician, David Greene. In this episode, you’ll hear topics touched on like whether to house hack or buy cash-flowing rentals, what to expect (and not expect) from your real estate agent, how to reduce (and account for) property taxes, how inflation and interest rates will affect the housing market and the best piece of advice David would give new real estate investors.
Heard a question that resonated with you? Want to hear David’s thoughts on a certain topic? If so, submit your question here (http://biggerpockets.com/david) 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 real-time answers!
00:00 Intro 02:56 Quick Tip 04:37 Pay Off Debt or Invest? 09:25 House Hack vs. Short-Term Rentals 13:19 What to Expect in a Real Estate Agent 24:02 YouTube's Real Estate Master! 25:22 Using House Hack Income to Qualify for Loans 29:14 How to Reduce Property Taxes 32:30 How Will Inflation Affect the Housing Market? 40:18 Buying New Construction vs. Existing Homes 44:46 How to Find a Property Manager 47:46 Advice for New Investors 51:59 Ask David a Question!
