Is This a Rehab?

"I feel like I might have bitten off more than I could chew," says the owner of an FHA-backed property. "This is not a rehab question. This is a exit strategy." The home, in Jefferson Park, Chicago, costs about 3500 a month to rent and will go up every year as it's renovated or repurposed. If you were to move somewhere else, how much would the rent be if you were to go rent somewhere else? You'd probably spend 15, 1600 per month on rent for that place.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

Knowing how to buy a rental property is one thing, but coming up with the money is another. This is the constant struggle real estate investors find themselves in. When they have cash, there aren’t enough deals. When they have deals, there isn’t enough cash. This catch-22 usually puts investors in a spin cycle, never pulling the trigger on their first or next deal. But, it doesn’t have to be this way. With the right mindset, you can find the money to purchase more rental property, even if you’ve run out of options.

This is what expert investor, David Greene, refers to as his capital “carrot,” or the thing that allows him to find (and make) more money to buy even more real estate. And it’s just one of the topics in today’s Seeing Greene show. In this episode, David takes a live call from Garrett, who’s struggling with whether or not to sell or keep his first deal. We also get questions about BRRRRing with high interest rates, where to find medium-term rental tenants, and how to find a realtor in a brand-new market.

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 hop on a live Q&A and get your question answered on the spot!

In This Episode We Cover:

The house hack “savings” that turn a dud into a screaming real estate deal

Whether or not keep or sell a rental even if you’re not making much from it

How to buy BRRRRs in today’s high-interest rate environment

Dominating a market as a brand new real estate agent or realtor

Where to find medium-term rental tenants and common short-term rental regulations

How to find a rockstar real estate agent when investing out of state

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

BiggerPockets Youtube Channel

BiggerPockets Forums