From your first condo purchase to a mix of long-term and short-term rentals, you've come a long way. I can relate to wanting to speed up financial independence. Your tools for managing properties are cool, and I'm sure lots of folks will find them useful. Keep it up!
I really enjoy all the BP podcasts, but there is something really special that you guys have - honestly communicating on all levels. I’ve finally convinced my husband that real estate will be our retirement by using some of your examples. Keep up the inspiration and thanks for your hard work❤
Love this episode and I’m listening to it again!!!! A big question I’ve had for years. How do you know what renovations are going to build appreciation? Thank you!!
We hear a lot of investors take equity out of the home. But what is the amount left afterward by the time you pay the lenders, ect for cashflow on a long term rental? We currently can refinance a flip we just did that would profit a lot by selling it and then immediately buying 2 more homes that already cashlow. Why would you pull out money to barely cashlow just to buy another home?
It depends on how much equity your initial house has and how much you take out. Barely cash flowing is probably not good but it’s better than letting your money devalue (equity) by not putting it to work. Houses will appreciate (ideally) and grown your money.
I absolutely love this podcast. I am a Bartender 2 days a week in a high end area in Orlando. I am also a Real estate agent 3 years in the biz. Thanks for all the awesome information. You guys are very current. 5 stars
