Episode #965
Want a quicker way to buy rental properties? One that takes less cash, less time, and is beginner-friendly? Then you’re in the right place! In this Seeing Greene, we’re talking about the “sneaky rental strategy” that can help you build a real estate portfolio in just a few years. And if insurance and property taxes have been eating away all your cash flow, we go through a real-life investor’s situation to determine whether he should hold, fold, or change his real estate strategy. All that, and more, is coming up!
Like most investors in America, your property expenses are rising, but rent isn’t climbing at the same rate. What do you do when your cash flow disappears? That’s what our first investor is asking. Then, a house hacker wants to know how to get into his second property and what rules he has to follow to house hack once again. A rent-by-the-room investor gets given an ultimatum by his potential tenant—what should he do? We’ll also discuss the difference between “cheap” and “bad” houses, what to look for in a home inspection, and what to do when guests throw a party at your Airbnb.
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 jump on a live Q&A and get your question answered on the spot!
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Is Buying a Rental Property with Negative Cash Flow Ever OK?
https://www.biggerpockets.com/blog/buying-rental-property-negative-cash-flow?utm_source=youtube&utm_medium=description&utm_campaign=none
House Hacking 101: What It Is and How to Get Started:
https://www.biggerpockets.com/real-estate-investing/house-hacking-strategy?utm_source=youtube&utm_medium=description&utm_campaign=none
5 Pitfalls of Renting by the Room (& How to Solve Them):
https://www.biggerpockets.com/blog/real-estate-landlord-rent-by-the-room-strategy-pitfalls?utm_source=youtube&utm_medium=description&utm_campaign=none
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Show notes at: https://link.chtbl.com/BPRE
00:00 Intro
01:51 Sell My Low-Cash-Flow Rental?
07:30 The “Sneaky” Rental Tactic
12:55 How Many Checking Accounts?
15:05 Buying “Cheap” Houses
21:50 Home Inspections 101
27:58 Ask Airbnb Guests for ID?