A rental property doesn’t need to be brand new, have the best amenities, or offer 24/7 property management to do well. An older home can out-cash-flow a new build with one specific factor. So, what is THE key to having a profitable rental property, and why do so many rookie real estate investors not pay attention to it? Tune in, and find out on this week’s episode of Seeing Greene!
We’re back with your “I finally remembered to turn on the green light!” host, David Greene. This time around, David is taking questions from all levels of real estate investors. Questions like what to do when your HELOC (home equity line of credit) rate is about to skyrocket, how fast to scale your rental portfolio, whether new homes are worth it as rentals, and how to turn a couple of rental properties into a real estate retirement plan. We even get a quick cameo from tax expert Tom Wheelwright on how to avoid taxes the next time you’re selling a rental!
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 SINGLE most crucial rental property factor that investors often overlook
What to do when mortgage rates rise and your HELOC rate is about to readjust
Scaling your real estate portfolio and when you’re going TOO big
How to AVOID taxes when you sell a rental (and what to do if you’ve already sold)
New homes vs. existing inventory and whether a new build makes a better rental
How to build a retirement plan with only a couple of rental properties
Pulling profits from a rental property in a trust (and the implications of doing so)
And So Much More!
Links from the Show
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Work with David
Why the BRRRR Method WON’T Be the Same in 2023
Rich Dad’s CPA on How ANY Investor Can Avoid Taxes in 2022
8 Ways to Use Rental Properties to Create Retirement Income
Enter to Win a FREE Copy of David's New Book, "Pillars of Wealth"
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-759
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BiggerPockets Real Estate Podcast