735: Seeing Greene: Rental Property Deal-Breakers That Could Kill Your Cash Flow
Which rental property “deal-breakers” could kill your cash flow? When is the right time to stop saving and start investing? And what should you do once you’ve hit your passive income goals? These are all questions that everyday real estate investors like you are asking, and on this episode of Seeing Greene, David will provide all the answers you need. So whether you’re just getting started, questioning when to invest, or ready to retire early but don’t want to regret the decision, this is the episode for you!
David Greene, your expert investor, agent, broker, and podcast host, can help you reach your wealth-building goals faster than ever. This time, David outlines the three pillars of saving and investing and how following this simple guideline can stop you from losing all your wealth in one fell swoop. Next, we debate whether or not paying off a rental property makes sense in today’s unstable interest rate environment and how inflation is making real estate investing more challenging than ever before. Finally, we touch on rental property “deal-breakers” and what your agent should tell you before you buy a deal.
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:
Saving vs. investing and when it’s time to pull the trigger on a rental property
The three pillars of money management and why you ALWAYS need emergency reserves
Paying off your rental property and what to do with six figures in yearly cash flow
Inflation, rising prices, and how intelligent investing protects you against an environment of easy money
Unpermitted renovations and whether or not a deal is worth it with one
Real estate agent red flags and what to do if your agent isn’t looking out for your best interest
Negotiating through agents and how to get your point across when talking through middlemen
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
BiggerPockets Podcast 674 with Ashley Hamilton
BiggerPockets Podcast 353 with Tim Rhode
Should I Pay Off My Mortgage Or Invest In Another Property?
Book Mentioned in the Show
Long-Distance Real Estate Investing by David Greene
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-735
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