897: Seeing Greene: Generational Wealth 101 and Getting Started in a Tough Market
Want to know how to set your kids up for LIFE? The answer is pretty simple: rental properties. Whether you plan on keeping them or giving them to your children later in life, rental properties are one of the best ways to secure generational wealth for your children, their children, and many generations to come. But how do you give your kids everything while ensuring they stay hard-working, frugal, and financially savvy? We’re gonna show you how.
Welcome back to Seeing Greene, where David, Rob, and special guest James Dainard answer your legacy-building questions. First, Falisha wants to know how to create generational wealth for her children. James gives an interesting take on why he’s NOT giving his kids rental properties but doing something that’ll make buying a home MUCH easier when they come of age. An investor on the BiggerPockets forums asks when to put appreciation over cash flow, an almost-financially-free investor wonders when he should go full-time into real estate, and a young investor wants to know how to start investing in real estate when his local market is too expensive.
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 jump on a live Q&A and get your question answered on the spot!
In This Episode We Cover:
How to start creating generational wealth and set your kids up for LIFE!
Getting around estate taxes by putting your assets in a trust
Cash flow vs. appreciation and when breaking even is actually a major win
When to leave your job to become a full-time real estate investor (think TWICE about this)
The easiest way to start investing in real estate, especially when you have little money or experience
Investing in townhomes and the one BIG expense most investors overlook
And So Much More!
Links from the Show
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Expand Your Investing Knowledge With the BiggerPockets Books
Be a Guest on the BiggerPockets Podcast
Grab Dave’s New Book, “Real Estate by the Numbers”
Hear James on The “On the Market” Podcast
The Renovations That’ll Instantly Increase Your Home Value w/James Dainard and Jessie Rodriguez
Connect with Falisha
Falisha's Instagram: @falisha_rexford
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-897
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices