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Real Estate Rookie
415: $9K/Month Cash Flow, Scaling FAST, & Saving Thousands in Taxes by Doing THIS w/Riley McFarland
Jun 5, 2024
Riley McFarland, a real estate investor and general contractor, shares his business model for creating cash flow, scaling his portfolio, and saving on taxes. He discusses the benefits of combining contracting and investing, buying 'ugly' rentals, estimating rehab costs, and crucial questions to ask a general contractor before hiring.
44:31
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Quick takeaways
- Combining contracting and real estate investing can boost cash flow and equity growth.
- Starting early in real estate with limited resources is feasible through creative financing.
Deep dives
Importance of Value Add in Real Estate Investing
In real estate investing, utilizing the strategy of value add, especially for the benefit of working with an investor who is also a contractor, can significantly enhance a property's potential. This approach involves understanding both the budget and rehab aspects to ensure that units remain occupied while keeping costs manageable.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode