Hoarder Houses, Tax Benefits, & How to Invest When Starting Late

Hoarder houses, hidden tax benefits, and how to invest when getting a late start—it’s all answered on this episode of Seeing Greene. We’re back, and David has brought some new questions never answered before on the show. This time, we’ll touch on some sticky situations, like creative ways to buy a hoarder house and whether investing in a tricky renovation is even worth the potential equity. We also hear about David’s secret system for getting contractors to always show up on time and get the job done, no matter what!

Not only those topics, but we also have some questions and answers that fluctuate with the market cycles. David will hit on the advantages of flipping vs. BRRRR-ing a property, the best real estate exit strategy to go from active to passive income, and what investors who got a late start can do now to get ahead. This episode has something for EVERY level of investor, from beginners who need to get into their first rental to investors looking to turn their rental properties into lower tax bills. So stick around if you’re investing or trying to invest in 2023!

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 hop on a live Q&A and get your question answered on the spot!

00:00 Intro
01:17 Quick Tip
02:19 Flipping vs. BRRRRing
06:07How to Start Investing in a New Market
08:03 How to Solve Contractor Problems
15:39 Questions from the Comment Section
22:36 Buying a Hoarder House
28:14 Real Estate Exit Strategies
32:31 How to Boost Your Tax Benefits
36:57 Getting a Late Start on Investing
41:10 Ask David Your Question!

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Learn More About the Short-Term Rental Tax “Loophole”:
https://www.biggerpockets.com/blog/real-estate-689?utm_source=youtube&utm_medium=description&utm_campaign=none
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5 Tips to Help Investors Handle Hoarder House Situations:
https://www.biggerpockets.com/blog/how-to-invest-in-hoarder-houses?utm_source=youtube&utm_medium=description&utm_campaign=none
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3 Exit Strategies You Need to Have When Investing in Real Estate:
https://www.biggerpockets.com/blog/exit-strategies-real-estate?utm_source=youtube&utm_medium=description&utm_campaign=none
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Episode 717

Show notes at: https://www.biggerpockets.com/blog/real-estate-717?utm_source=youtube&utm_medium=description&utm_campaign=none

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