Brandon and David: Ask Us Anything Podcast!

186 Replies

@Brandon Turner Is the real estate crash really coming? As a buy and hold investor, any tips to withstand the crash?

@Brandon Turner

@David Greene

love all the podcasts and content, amazing job you guys keep it coming, i listen all the time. My question is to you how do i find a good location to invest before the frenzy of investors has already moved in and bought everything up and jacked the prices up on sfr/small multifamily etc. I guess how do i find a hot market before its hot and the word gets out?

or do you not look at it that way and just use a local trusted PM or Agent to find good numbers on properties in a given area and then compare, population, job growth and income growth and then pull the trigger. 

@Brandon Turner

Could y’all talk more about “opportunity zone” properties. How to look up and invest in those properties. Any recommendations or personal experience?

How you use IRR for your deals and why.

Best way to evalute Present Value and Future Value of a property.

Thanks.

I didn't check the 102 replies to see if someoene else asked these questions already... apologies for repeats, if so.

@Brandon Turner and @David Greene on your podcasts you talk about BRRRR Strategy, and there was a podcast that David say he does 1~2 deals now a days. I'm curious when you get so many refi's how your credit scores don't take a hit and hinders you from getting a good interest rate (or do you just not care about what the interest rate is as long as you meet the target return?). I've purchased 4 properties (unfortunately not through BRRRR, but through conventional loans) and my credit score seems to have tanked from 800+ to 750ish. Just trying to see what the best way to use leverage going forward is. Thanks for your help!

Originally posted by @Joe K. :

I would like to know about long distance rental properties. Especially the pro and con of having properties in different states.

 Me too

Originally posted by @Lynnette E. :

I am also interested in why LLCs are popular and discussed so much on Bigger Pockets.  

My attorney is recommending putting property in a Trust.  The title insurance is still valid as the trust takes ownership in my name as trustor.  It avoids probate and is easy to pass onto heirs.  Separate trusts can reduce liability and are cheap to clone and all of them together would require one tax filing, under my name with my regular taxes.  It allows one to offset profit and lose for all assets in one tax filing.  

He sees LLCs as vastly more complex than needed and more expensive, management and tax wise.

So, can you explain the difference and what are the benefits/disadvantages of each?  I'd like to understand different opinions.

Awe, good question as I am in the same predicament. I prefer Trust but then it's probably because I don't know much about LLC's either. Please let me know what which you decide to choose.

If someone is owner financing the property I want to buy do I put that under my LLC? If not how do i protect my self?

@Brandon Turner

We always listen to you guys ask people about their portfolios, and I'm always curious about the details of your own portfolios-- number of units, types, financing, etc. Would also love to hear what both of your current REI goals are for this year and long term.

Always appreciate a good David Greene cop story if you can fit one in.

Love the show. Thanks guys.

Hi ,

I am planning on investing out of state and I have looked in Kentucky and Nevada and have checked property values . What' s the best way to get to know an area out of state.  If it is a good area , if its growing or not. Realtors usually will give a rosie picture  of the area .

Dan Letts

@Brandon Turner

You and David did an episode where someone mentioned that they've got BRRRR down to an 8 week process; could you guys go into greater detail about that? I'd love to streamline the process for such a fast turnover.

@Brandon Turner when is the right time to set up an LLC for your properties? Rehabs, wholesales, and buy and hold. I'm fascinated by your podcasts by the way! I've binged 40+ episodes this passed month alone..

@Estelle Angelinas Awesome question! I would like to hear from someone who started real estate buy/hold investing in their 40s with NO prior knowledge, experience, family connections to REI.

Would also love to hear from more successful female REI guests on that note! 😁

I am an artist and homeowner and am looking to buy another home (duplex?) to use as studio/rental property. I have very little liquid funds for a down payment. This will be in the Los Angeles area. Suggestions?

Can I "donate" a real microphone to @Brandon Turner so he doesn't sound like he's broadcasting from inside a toilet bowl?

@Brandon Turner Hello, my High school buddy is Quit claiming a commercial property over to me, OhYea!!, he sold a property and had $120,000 in a 1031 , he used 100,000 of that money as a down payment for the property and currently has a hard money loan which I want to refinance after the quit claim, the remainder in the 1031 is $10k which is the amount he is paying capital gains taxes on. If he quit claims it over to me does he or I pay taxes for quit claiming property over to me. His current home was quit claimed to him from someone who was upside down and losing the home they walked away and he continued making payments on the existing loan. As of today many years later he’s never had an issue, so I’m asking The PROS’s about this before I learn the Hard way.

@Brandon Turner How have you approached asset protection, specifically regarding insurance and LLCs or other business entities?

@Brandon Turner how to establish a business line of credit starting out to avoid using your personal credit every single deal?

@Brandon Turner

What should I do as a 16 year old aspiring investor right now that will set me up for success in the future?

@Chuck Dangar I would suggest a loan to your business.

Pull money from HELOC

write a check to your business

Secure it with a promissory note (cherry on top I know; since it's from yourself to yourself, but will serve as practice for when you borrow other peoples money)

@Brandon Turner . Can you do more to help large families with tips and advice? Everything from debt repayment to savings to real estate hacking? We have a blended family of 8! I take notes on every podcast where people have 1-4 kids but it would be nice to hear from people with large families on what they've done to become financially free! Our kids range from 17-3!

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