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765: Seeing Greene: Out-of-State Mistakes, “Low Risk” Real Estate, & False Cash Flow

BiggerPockets Real Estate Podcast

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How to Reduce Risk and Make More Equity

You're in a sound financial position. So you've got a lot of equity. You might have mentioned a retirement account, but I could tell you're doing well financially. Here's what I'd like for you to do. We're going to do this as low risk as possible. Look for a short term rental in a area of Charleston where people want to visit. And then when you are using it, like when you travel out there to stay at that property, consider renting out your orange county home as a short term rented when you're gone. This is probably the least risky thing that I could think of. Let me know what you think about this plan.

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