Should you invest for cash flow or appreciation? Whether you need another income stream today or have one eye set on retirement, you have your own reason for investing in real estate. It’s important to choose an investing strategy that aligns with your ultimate goal, and today, we’ll show you how!
In this Rookie Reply, we discuss the age-old debate of cash flow versus appreciation and whether you can have BOTH. We also get into landlord insurance, limited liability companies (LLCs), and other ways to protect your assets, as well as what to do when a tenant or guest damages your rental property. Could you use a home equity line of credit (HELOC) for your next investment? Stay tuned to learn how it could impact your credit score. But first, you’ll hear from a rookie investor whose investing partner stole $40,000 and get Ashley and Tony’s best tips on structuring a real estate investing partnership!
Ashley:
This is Real Estate Rookie, episode 377. We’re going to hear about losing $40,000 from a partnership and then talk about what are the things you need to consider when getting into a partnership. Then Tony also mentions which fast food napkins work best for contracts. I’m Ashley Kehr, and I am joined with my co-host, Tony J. Robinson.
Tony:
Welcome to the Real Estate Rookie podcast, where every week, three times a week, we bring you the inspiration, motivation, and stories you need to hear to kickstart your investing journey. We’ve got some great questions lined up for you today. We’re going to cover what to do when a tenant absolutely trashes your property, what a HELOC is, and how it impacts your credit score, but first, we’re being joined alive by someone from the Rookie audience who wants to ask a question to me and Ashley, and he’s coming live from Miami.
Ashley:
Miami-yami-yami.
Tony:
For those of you who don’t know, that’s the famous Will Smith song, and Ashley is dying to sing that one for the Rookie audience today.
Ashley:
Jerryian…