BiggerPockets Real Estate Podcast 615: Seeing Greene: Lucrative Lot Splits & Lowering Your Liability as a Landlord
May 29, 2022
Dive into the intricacies of real estate with insights on lot splitting and its impact on property value. Discover when to sell or refinance a rental property, and the strategic advantages of special use permits. There's a deep dive into legal liability for short-term rentals and how to ethically wholesale deals. Learn about maximizing investments through innovative financing and effective market entry strategies. Whether a seasoned pro or a newbie, there's something valuable for everyone looking to elevate their real estate game.
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Special Use Permits and Value
- A special use permit increases property value by legitimizing income streams, not inherently.
- Focus on increasing revenue, which banks and buyers value, not just the permit itself.
Balancing Equity and Long-Term Goals
- Sell the appreciating house and buy two more: one to house hack, one as a rental.
- Prioritize building equity and cash flow over a potential retirement home in 30 years.
LLCs for Short-Term Rentals
- You don't need a separate LLC for every property, focus on managing equity within entities.
- As equity grows, consider moving individual high-equity properties into their own LLCs.
