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Seeing Greene: Refi vs. “Recast,” Tax-Free Equity, & When to Cut Your Losses

Seeing Greene: Refi vs. “Recast,” Tax-Free Equity, & When to Cut Your Losses

Released Tuesday, 2nd April 2024
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Seeing Greene: Refi vs. “Recast,” Tax-Free Equity, & When to Cut Your Losses

Seeing Greene: Refi vs. “Recast,” Tax-Free Equity, & When to Cut Your Losses

Seeing Greene: Refi vs. “Recast,” Tax-Free Equity, & When to Cut Your Losses

Seeing Greene: Refi vs. “Recast,” Tax-Free Equity, & When to Cut Your Losses

Tuesday, 2nd April 2024
Good episode? Give it some love!
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When is it NOT worth taking a capital gains tax exemption? Wouldn’t it ALWAYS be a good time to pay Uncle Sam less? Not exactly…and today, we’re going to get into why. But there’s much more coming up in this Seeing Greene. If you’ve had trouble with an overbudget home renovation or are a real estate agent looking for new ways to find leads, stick around—we’ve got just what you need.BRRRRman and Rob-in are back as our housing heroes, answering any and every question you have about real estate investing. First, Ronnie, a new real estate agent and full-time law enforcement officer, wants to know how to get more leads in his small market. David gives one piece of advice EVERY real estate agent must hear to help explode their businesses. Next, we discuss refinancing vs. recasting your mortgage and when each is worth it. A house hacker debates reinvesting in his backyard tiny home or buying a house in cash. Then, we talk about why selling your former primary residence, even with a capital gains exemption, might not make sense. And finally, a rehab gone wrong causes an investor to question whether it’s time to hold ’em or fold ’em.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 get more real estate leads as an agent no matter the size of your market“Recasting” your mortgage and how it can save you hundreds or thousands every monthReinvesting in a rental or buying a new one in cash using a cash-out refinanceAvoiding capital gains taxes when selling your primary and whether to move that cash into a new rental OR keep the propertyHome renovations gone wrong and when to sell a property you’ve gone over budget onAnd So Much More!Links from the ShowFind an AgentFind a LenderBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchJoin BiggerPockets for FREELearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaExpand Your Investing Knowledge With the BiggerPockets BooksBe a Guest on the BiggerPockets PodcastAsk David Your Real Estate Investing QuestionDavid's BiggerPockets ProfileDavid's InstagramRob's BiggerPockets ProfileRob's InstagramRob's TikTokRob's X/TwitterRob's YouTubeBiggerPockets' InstagramMeet Investors in Your Area on the BiggerPockets Forums or at a BiggerPockets Meetup:ForumsMeetupsGrab David’s Book, “SCALE”

Check out more resources from this show on https://www.biggerpockets.com/blog/real-estate-927Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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