828: Seeing Greene: How Long to Hold On to a BAD Rental Property

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 8 October 2023

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

DON’T sell your low-cash flow rental property just yet—you could make it a cash cow with one quick strategy switch. At least that’s Rob Abasolo’s advice as he joins David this Sunday for a Seeing Greene episode, where they take questions directly from BiggerPockets listeners, commenters, and reviewers! And even if you don’t have your first rental in the bag, this episode will be worth tuning into. David and Rob discuss whether buying your first property with a fixed vs. adjustable-rate mortgage (ARM) makes more sense with today’s high interest rates. Then, we hear from an investor looking to sell their rentals and move that money into a bigger city with more appreciation potential. The problem? Their rentals are making some serious cash flow. Speaking of cash flow, we hear from an investor who’s got a townhouse that COULD become a rental but would have some meager returns. Is it worth keeping? Tune in to hear answers to all those questions and more! 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: How to turn your low-cash flow rental into a passive income machine Partnering with family members on a rental and how to split the profits Fixed-rate mortgages vs. adjustable-rate mortgages (ARMs) and whether the low rate is worth the risk When to trade your stable, cash-flowing rentals for long-term appreciation in a better market Why lenders DON’T want you to downgrade to a cheaper primary residence (and how to get around it) And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch 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 Davids's BiggerPockets Profile David's Instagram Subscribe to David’s YouTube Channel Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube Rental Property Calculator Rent Estimator BiggerPockets Podcast 798 with Alex and Leila Hormozi BiggerPockets Podcast 816 Ask David Your Real Estate Investing Question Fixed-Rate vs. Adjustable Rate Mortgages: What’s the Difference? Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-828 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast Show 828.
0:04.0	Bigger Pockets has a rental property calculator that you can use to look into this and decide
0:08.8	would that townhome support that rent. You can also call local property managers,
0:14.0	meet local real estate investors, you're living in LA, one of the benefits other than the rattlesnakes
0:18.5	sausage is all the other people that are out there that are investing in real estate themselves.
0:23.4	So take advantage of that. Talk to people that own townhomes and ask what they're getting for rent.
0:27.9	If it doesn't bring in what you need for it to make money and you can't afford to
0:32.1	bleed money every month, the answer becomes pretty clear that you need to sell it.
0:35.6	What's going on everyone is David Green your host of the Bigger Pockets Real Estate Podcast,
0:39.7	the biggest, the best, the baddest real estate podcast in the world here today with a
0:44.4	seeing green episode. In today's shows we take questions from you, the listener base,
0:50.0	the future millionaires, the future financially free, and I do my best to answer them with the
0:54.9	knowledge that I've gained with over a decade of investing in real estate, serving people as
0:59.7	real estate agents and a loan officer, and more. In today's show we cover how to structure a
1:05.2	short-term rental with a partner, when to go with an adjustable rate versus a fixed rate mortgage,
1:10.1	if you should keep what you got or invest where it's hot, and more, and as a surprise,
1:15.3	I'm joined by my partner today, sort of like Captain America with the Falcon,
1:20.4	Rob Abasolo, Rob Welcome to Seeing Green.
1:22.8	Hello, hello, listen, I was really offended there because you talked about the future real estate
1:27.3	investors, the future millionaires, but you didn't hit on the most important group of people,
1:33.2	the future farmers of America. You heard the word future and your mind went there right away,
1:37.3	didn't it? Hey, man, that's FFA. It was a very popping group in my high school. I wasn't part of
	...

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