843: Seeing Greene: I Don’t Make Enough to Invest, What Do I Do?

You want to invest in real estate, but you lack the cash or the income. With home prices and mortgage rates so high, even a decent-paying job won’t land you a rental property or even a primary residence. So, what do you do? Should you call it quits and let others build wealth while you struggle to make ends meet? Not quite. There’s one thing you should start doing today that’ll make your real estate investing much easier.

Welcome one and all to another Seeing Greene, where David answers your investing questions in today’s tough housing market. First, Rob joins us to advise an investor struggling to buy her business’s building from her father. He wants to sell after having a rough time with this commercial property, but Shelly, our investor, wants to convince him to keep the building OR give her a chance of ownership. What should she do? 

Next, David answers the trifecta of 2023 investing questions: what should you do when your pre-approval is too low? How do you pull out home equity when you’re broke? And what to do when you don’t have enough income to qualify for a mortgage? A straightforward solution solves ALL THREE of these investors’ questions, and it’ll help you, too, if you’re struggling in this market!

In This Episode We Cover:

What to do if you WANT to invest in real estate but don’t have enough money 

Why DTI (debt-to-income) is SO important to investing and how to lower yours NOW

Real estate vs. stocks and why property almost ALWAYS beats simple stock investments

When to invest in a “mediocre” deal that has no-to-low cash flow

How to fire your property manager EVEN if you’ve signed a long-term contract

The secret to scaling your real estate portfolio that the gurus won’t tell you

And So Much More!

Links from the Show

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Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts

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Find a BiggerPockets Real Estate Meetup in Your Area

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Rob's BiggerPockets Profile

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Rob's YouTube

BiggerPockets Podcast 823 on Cost Segregation

Seeing Greene 828

BiggerPockets Podcast 844 with Jim Kwik (Coming Soon!)

Books Mentioned in the Show:

Pillars of Wealth by David Greene

The Richest Man in Babylon by George Clason

Connect with Shelly:

The Mousing Harke Instagram

Fairmount Bicycles Instagram

Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-843

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