David Greene, real estate investing expert (also agent, author, and podcast host), knows that people will get hurt if an economic crash does happen. But, he also knows that investors who have kept their expenses lean, saved when they could, and taken care of their assets, will probably ride the tide just fine. In this episode of Seeing Greene, David will answer one of the most asked questions: where do we go from here? He’ll also touch on whether or not to give up earnest money in a bad deal, when to replace big systems like an HVAC that is on its last legs, how to calculate ARV, and why adjustable-rate mortgages could spell disaster in 2022.
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!
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Ask David Your Real Estate Investing Question:
https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none
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Ask Your Question on The BiggerPockets Forums:
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Is The Housing Market About to Collapse? What Investors Need to Know:
Is The Housing Market About to Collapse? What Investors Need to Know
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Key Takeaways From the ’08 Recession That Apply Today:
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The Ultimate Guide to Quickly Estimating a Property’s ARV (After Repair Value):
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Work with David on Your Next Deal:
Agent Team: https://davidgreene24.com/
Mortgages: https://www.the1brokerage.com/
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@davidgreene24 or https://www.instagram.com/davidgreene24/
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Connect with David on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Episode 627
Show notes at: https://www.biggerpockets.com/blog/real-estate-627?utm_source=youtube&utm_medium=description&utm_campaign=none
00:00 Intro
01:37 Quick Tip
02:12 Does a Recession Spell Real Estate Disaster?
12:49 Risk Earnest Money to Ditch a Deal?
16:53 When to Replace Big Systems in a Rental
20:49 Questions from The Comment Section
25:29 How to Calculate ARV (After Repair Value)
28:46 Adjustable Rate vs. Fixed Rate Loans
31:16 Real Estate Investing Exit Strategies
38:13 How Much To Keep in Emergency Reserves
40:36 Ask David Your Question!