Episode #490
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https://www.biggerpockets.com/podcasts/real-estate-rookie?utm_source=youtube&utm_medium=description&utm_campaign=none
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Real Estate Rookie 195 – Financially Free in 2.5 Years by Buying “Low Risk” Rental Properties:
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Are you leaving cash flow on the table? Even if you own a single rental property, there are all kinds of strategies you can use to generate more rental income, whether it’s house hacking, renting by the room, or converting your long-term rentals to short-term rentals. And we’re just scratching the surface!
Welcome back to another Rookie Reply! Today, we’re diving back into the BiggerPockets Forums to answer some more of your recent questions. First, we’ll hear from someone who’s at a crossroads with their property. This house has paying tenants and consistent monthly cash flow, but the investor would need to sell the property this year to claim it as their primary residence and dodge capital gains taxes. Stay tuned to find out if they should sell or hold! Then, after a few cash-flow-boosting strategies, we’ll discuss using a HELOC (home equity lines of credit) for a down payment and the potential pitfalls you could run into!
00:00 Intro
01:01 Should I Hold or Sell?
10:13 Maximizing Rental Income
20:43 What’s a “Good” Cash-on-Cash Return?
23:40 Should I Get a HELOC?
32:36 Ask Your Question!
