610: Live Takes: The 5,000 Mile Away BRRRR (REALLY Long-Distance Investing) 01:24:22

    <p><a href="https://www.biggerpockets.com/blog/build-buy-renovate"><strong>Building a house vs. buying a house</strong></a>—which makes more sense for today’s investor? With <strong>home prices rising</strong> faster than many of us have ever seen before, more and more real estate investors are asking whether or not building their rentals is a smarter idea. And who can blame them? <strong>Building a rental property</strong> can seem like a great way to <strong>minimize acquisition costs</strong>, but this is only true in certain circumstances, which many investors just won’t fit into. </p><p>Welcome to <strong>Live Takes</strong> where <strong>Henry Washington</strong>, investor and <a href="https://www.biggerpockets.com/blog/contributors/on-the-market-podcast"><em>On The Market</em></a><em> </em>guest host, joins David Greene for a live real estate Q&amp;A. David and Henry invite four investors onto the show today to talk about each of their <strong>passive income predicaments</strong>. These topics include buying vs. building a home, <strong>how to get out of a bad BRRRR</strong>, whether or not it’s <strong>too late in life to invest in real estate</strong>, and how to <strong>invest out-of-country</strong>.</p><p>Want to ask David a question? If so, <a href="http://biggerpockets.com/david"><strong>submit your question here</strong></a> so David can answer it on the next episode of Seeing Greene or Live Takes. Hop on the <strong>BiggerPockets forums</strong> and ask other investors their take, or <a href="https://www.instagram.com/davidgreene24/?hl=en"><strong>follow David on Instagram</strong></a> to see when he’s going live so you can hop on a live Q&amp;A and get your question answered on the spot! </p><p><strong>In This Episode We Cover</strong></p><p><strong>Buying vs. building rental properties</strong> and which decision makes sense for which investor</p><p><strong>What to do when you go over budget</strong> on a rehab, flip, or BRRRR investment</p><p>How to invest and scale a real estate portfolio when <strong>getting started later in life</strong></p><p>Whether to <strong>invest long-distance</strong> or stick it out in your local market </p><p><a href="https://www.biggerpockets.com/blog/2015-06-21-internal-controls-mitigate-risk"><strong>Mitigating risk</strong></a><strong> </strong>and keeping your cash flow rolling when stuck in a bad deal</p><p>How to finance land purchases and using a <strong>backwards BRRRR method</strong> to do so </p><p>And <strong>So</strong> Much More!</p><p><strong>Links from the Show</strong></p><p><a href="https://www.youtube.com/channel/UCVWDbXqQ8cupuVpotWNt2eg">BiggerPockets Youtube Channel</a></p><p><a href="https://www.biggerpockets.com/forums">BiggerPockets Forums</a></p><p><a href="https://www.biggerpockets.com/membership-types">BiggerPockets Pro Membership</a></p><p><a href="https://store.biggerpockets.com/">BiggerPockets Bookstore</a></p><p><a href="https://www.biggerpockets.com/blog/real-estate-investing-bootcamps">BiggerPockets Bootcamps</a></p><p><a href="https://www.biggerpockets.com/podcast">BiggerPockets Podcast</a></p><p><a href="https://www.biggerpockets.com/bpcon2022?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none">Grab Your Tickets for BPCon 2022</a></p><p><a href="https://www.biggerpockets.com/moneyshow">BiggerPockets Money Podcast</a></p><p><a href="https://www.biggerpockets.com/real-estate-rookie-podcast">Real Estate Rookie Podcast</a></p><p><a href="https://www.biggerpockets.com/blog/real-estate-avoid-going-over-fix-flip-budget?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none%20">5 Ways to Avoid Going Over Your Flipping Budget</a></p><p><a href="https://www.biggerpockets.com/blog/build-buy-renovate?utm_source=youtube&amp;utm_medium=description&amp;utm_campaign=none%20">Is it Better to Build New or Renovate Existing Homes as an Investor?</a></p><p><a href="https://www.biggerpockets.com/users/davidgreene24">David Greene | BiggerPockets</a></p><p><a href="https://www.davidgreenemeetups.com/welcome">David Greene Meetups</a></p><p><a href="https://davidgreene24.com/">David Greene Team</a></p><p>Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-610</p><p><br></p>
  <p> </p><p>Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a></p>