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!
David:
This is the BiggerPockets Podcast show 828. BiggerPockets has a Rental Property Calculator that you can use to look into this and decide would that town home support that rent? You can also call local property managers, meet local real estate investors. You’re living in LA, one of the benefits other than the rattlesnake sausage, is all the other people that are out there that are investing in real estate themselves. So, take advantage of that. Talk to people that own town homes and ask what they’re getting for rent. If it doesn’t bring in what you need for it to make money and you can’t afford to bleed money every month, the answer becomes pretty clear that you need to sell…