Effective Rental Property Management Strategies During Transition

Investing for cash flow or equity is an age-old debate, but what’s the best approach for a new investor? Should you focus on making a monthly profit right off the bat or play the long game with equity growth and appreciation? You might be surprised to hear where Ashley and guest co-host Noah Bacon land on this topic!

Welcome back to another Rookie Reply! How much money do you actually need to buy your first rental property? Should you put down as little as possible and use debt to get your foot in the door, or is it best to save enough cash for a large down payment, closing costs, and reserves? We’ll break down your best options. Finally, house hacking can help you get started in real estate, but eventually, you may want to move out and put your unit up for rent. We’ll discuss whether you should get a property manager or self-manage from afar when that time comes!

Looking to invest? Need answers? Ask your question on the BiggerPockets Forums!

In This Episode We Cover:

Cash flow versus equity (and which one new investors should focus on!)

Which property types deliver the highest cash flow (or appreciation)

Leveraging the power of partnerships to help fund your first deal

How much money you need to save before buying your first property

How to transition out of a house hack (and whether you need a property manager)

And So Much More!

Links from the Show

Ashley's BiggerPockets Profile

Tony's BiggerPokckets Profile

Join BiggerPockets for FREE

Real Estate Rookie Facebook Group

Ask Your Question on the BiggerPockets Forums

Buy Ashley’s Book “Real Estate Rookie”

Find Investor-Friendly Lenders

Should You Invest for Equity or Cash Flow?

Connect with Noah

(00:00) Intro

(01:31) Cash Flow vs. Equity

(11:26) Replacing Your W2 Income

(14:43) Saving Cash & Using Debt

(24:59) How Much Money Do I Need?

(28:32) Exiting a House Hack

(36:03) Post Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-469

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