Episode #451
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BiggerPockets Real Estate – Episode 520: $47K/Month in Rent, 0 Doors Owned | Rookie Takeover w/ Rafael Loza:
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You know real estate investing is a great way to build wealth, but perhaps you fear you don’t have the resources to start. Well, there’s a way to create cash flow without money OR rentals—rental arbitrage! This low-risk, rookie-friendly strategy could be your gateway into the world of real estate. In today’s episode, we’ll cover the pros and cons of this strategy and whether it still works in 2024!
Welcome back to another Rookie Reply! If you’re a homeowner looking to buy your first rental property, tapping into your home equity gives you an enormous advantage. We’ll show you how to quickly build and scale a real estate portfolio through the BRRRR method (buy, rehab, rent, refinance, repeat), and you’ll also learn when to use a cash-out refinance or get a home equity line of credit (HELOC) instead. Finally, inheriting tenants puts you in a difficult spot. How should you introduce yourself to tenants? What’s the best way to raise rents on long-term tenants? Stick around to find out!
00:00 Intro
00:57 What Is Rental Arbitrage?
10:53 HUGE Arbitrage Mistakes to Avoid
14:50 How to Invest Your Home Equity
21:38 Inheriting Tenants & Raising Rents
31:58 Send Us Your Question!
