Can You Replace Your Six-Figure Salary with Real Estate Investing?

Can You Replace Your Six-Figure Salary with Real Estate Investing?

Should I pay off my rental property or reinvest? How do I replace my six-figure salary with cash flow from real estate investing? And what’s the best way to analyze crime BEFORE I invest in an area? You asked, and we’re here to answer on this episode of Seeing Greene as we take questions from rookie real estate investors, veterans in the rental property game, and everyone in between. If you want to scale your portfolio faster or quit your job with real estate, this is the place to be!

First, we take a question from a high-earner asking whether they should pay off their rental properties OR use their extra money to build a bigger portfolio faster. A fledgling house hacker wants to know the best way to analyze an investing area for crime now that many online listing websites have taken down this data. A business owner is struggling to find real estate write-offs and asks for help, and a rental property investor needs to know which commercial real estate investment boasts the biggest cash flow. Finally, an anonymous question comes in from a techie who’s about to lose their job. How can they replace their six-figure income with rental properties fast?

Want to ask David a question? If so, submit your question here (https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none) 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!

~~~~
Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
~~~~
Expand Your Investing Knowledge With the BiggerPockets Books:
https://store.biggerpockets.com/?utm_source=owned_media
~~~~
Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
~~~~
Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
~~~~
Grab David’s Book, “Pillars of Wealth”:
https://store.biggerpockets.com/products/pillars-of-wealth?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Ask David Your Real Estate Investing Question:
https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Ask Other Investors Their Takes on a Neighborhood:
https://www.biggerpockets.com/forums?utm_source=owned_media
~~~~
Episodes Mentioned in Today’s Show:
Pay Less Tax to the IRS This Year With THESE Real Estate Tax Strategies w/Natalie Kolodij:
https://www.biggerpockets.com/blog/rookie-368?utm_source=youtube&utm_medium=description&utm_campaign=none
The Tax-Free Strategy Only Real Estate Investors Can Access:
https://www.biggerpockets.com/blog/real-estate-823?utm_source=youtube&utm_medium=description&utm_campaign=none
How to Use Real Estate to Quit the 9-5 Grind:
https://www.biggerpockets.com/blog/real-estate-919?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Get a Short-Term Rental Cost Segregation:
https://strcostseg.com/
~~~~
Connect with David and Rob on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Connect with Rob (Robuilt):
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
X/Twitter: https://www.twitter.com/robuiltchannel
YouTube: https://www.youtube.com/c/Robuilt
~~~~
Follow David and BiggerPockets on Instagram:
@davidgreene24 or https://www.instagram.com/davidgreene24/
@biggerpockets or https://www.instagram.com/biggerpockets/

Show notes at: https://link.chtbl.com/BPRE

00:00 Intro

01:29 Pay Off Rentals Early or Invest?

04:44 How to Analyze an Area for Crime

16:53 Questions From the Comment Section

22:32 Best Commercial Real Estate Investment?

27:23 How Do I Replace My Income?

33:54 Ask Us Your Question!


Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top