Cash flow is hard to come by in this market. Just a few years ago, it was easy to find rental properties that met the one-percent rule, but today, you need to get creative if cash flow is your main goal. Is buying more rentals the most obvious fix, or is there another strategy that people aren’t talking about? Stay tuned to find out!
Welcome back to another Rookie Reply! Today, we’re returning to the BiggerPockets Forums to answer more of your recent questions, and first up, an investor needs some help managing their rental property from afar. Who handles showings? Move-out inspections? We’ll show them how to turn their out-of-state investing operation into a well-oiled machine.
Next, we’ll hear from an investor who wants more cash flow. They already have one rental property, so should they pay it off or start looking for their next rental? We’ve got several strategies that they (and YOU) can use!
Finally, what happens when a property you’re looking to buy needs repairs? We’ll share some crucial dos and don’ts when negotiating with sellers!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover:
The BEST strategies to increase your portfolio’s total cash flow
Tips and tricks for self-managing your rental property (out-of-state!)
Must-have property management and maintenance software for your portfolio
Four ways to tap into your rental property’s equity and redeploy it
What to do (and what NOT to do) when negotiating repairs with sellers
And So Much More!
Links from the Show
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Grab “The Book on Rental Property Investing”
Find an Investor-Friendly Agent in Your Area
Maximizing Your Portfolio: How to Get the Most Out of Your Real Estate Investments
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-523
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