You’ve built up (or are about to build) a rental portfolio, but something is telling you it’s time to pivot. Maybe you’ve gone too far into one strategy, like owning eight short-term rentals. Or you’re seeing new build-to-rent properties with low prices, low maintenance, and low interest rates, and thinking “hmm…that seems like a good deal.” How do you know when to stay on course with your original plan or pivot to something greater? Which will get you financial freedom faster (and safer)?
This is a dilemma that you’re probably facing, and if you aren’t right now, you will. Garrett Brown is facing this conundrum head-on. He’s spent years building a real estate portfolio, but he’s deep in the vacation rental realm. He wants a safer, more passive, less time-intensive way to diversify his portfolio, so what should he do?
He’s got three options: buy a small multifamily rental, buy another short-term rental in a different part of town, or take advantage of new-build properties with price cuts and significant builder concessions. These are options that are probably open to you right now, and we’re about to show you which makes the most money, which has the least stress, and which is the best for real estate diversification.
Dave:
Should you diversify your investments with a new strategy or double down on a formula that’s worked for you in the past? It’s a question you’ll almost certainly encounter as you scale a real estate portfolio and take steps towards securing your financial future. Today I’ll explain how to answer. Hey everyone, I’m Dave Meyer, head of Real Estate Investing at BiggerPockets. You might only be 10 years away from achieving financial freedom if you start investing in real estate now, and this podcast teaches you exactly how to do that today in the show I have Garrett Brown here with me. Garrett is BiggerPockets short-term rental expert and the host of the Bigger Stays YouTube channel. But Garrett, the reason…