e going to hear me talk about this a lot, but I’m going to keep saying it because it’s so important. If you’re not on the BiggerPockets forums, you’re missing out. It’s a great place to ask questions, get answers, and network with other investors. It’s also a great place to find out about events that are happening in your area. So if you’re not on the BiggerPockets forums, you’re missing out. Make sure you go to BiggerPockets.com/forums and sign up today. And with that, let’s bring in our first guest.
“Transforming Your Rental Property into a Cash Cow: A Conversation with Stacie”
Are you looking to create multiple streams of income without buying more properties? Well, you’re in luck because today’s guest, Stacie, has multiple properties and is considering turning some of them into cash cows. But is it worth the investment? Welcome back to Seeing Greene, where David and Rob answer real estate questions from BiggerPockets listeners just like you! In this episode, we’ll dive into Stacie’s dilemma of whether to buy or build a second rental property and which option makes more sense in today’s market. We’ll also discuss how to reinvest cash flow from your current portfolio and whether using a home equity agreement is a smart move. Plus, we’ll have a live call with one of our listeners to help them decide whether to improve their existing properties or buy new ones. So let’s get started and see how you can make the most of your real estate investments.
“Should You Buy or Build a Second Rental Property?”
Stacie is a real estate investor with multiple properties and some extra land that she’s considering turning into a second rental property. But with the current market conditions, she’s unsure if it’s a wise investment. David and Rob weigh in on the pros and cons of buying vs. building and offer their insights on which option makes more sense in today’s market. They also discuss the importance of considering the location, demand, and potential return on investment when making this decision.
“Reinvesting Cash Flow: What Should You Do with Your Profits?”
Many real estate investors struggle with deciding what to do with the cash flow from their current portfolio. Should they save it, invest it elsewhere, or pay down their mortgages? David and Rob share their thoughts on the best ways to reinvest your profits and how to determine which option is right for you. They also discuss the importance of having a clear investment strategy and staying disciplined in your approach.
“Using a Home Equity Agreement: Is It a Smart Move?”
One of our listeners asks about using a home equity agreement and whether it’s a good idea. David explains what a home equity agreement is and how it can be used to access the equity in your property. He also shares his thoughts on when it’s a smart move and when it’s not, and offers some tips on how to make the most of your home equity.
“Live Call: Improving Existing Properties vs. Buying New Ones”
In a live call with one of our listeners, David and Rob help them decide whether to use the equity in their current properties to improve them or to buy new ones. They discuss the importance of considering the potential return on investment, the current market conditions, and the investor’s long-term goals when making this decision. They also offer some tips on how to maximize the profits from a house hack.
“Join the Conversation and Get Your Questions Answered”
Do you have a burning real estate question? Submit it to David and he may answer it on the next episode of Seeing Greene. You can also hop on the BiggerPockets forums to ask other investors for their take or follow David on Instagram to join a live Q&A and get your question answered on the spot. Don’t miss out on this valuable opportunity to learn from experienced investors and take your real estate game to the next level.