Real estate cash flow is why most investors decide to buy rental properties. But with interest rates at decade-long highs, rents starting to stagnate, and home prices still in unaffordable territory, making cash flow, or breaking even for that matter, has become challenging. And while the “golden age” of cash flow real estate investing might be over, there are still numerous ways to bring in more passive income on properties you already own.
We’re back for another Seeing Greene, where your favorite investor, broker, and “definitely not a loan expert,” David Greene, is back to answer YOUR real estate investing questions. This time around, we’ve got some serious questions about which rental properties are worth buying, how to get around zoning headaches, whether building an ADU is worth the money, and whether or not now is the right time to sell a high-equity property. David also touches on the EASIEST way to increase your cash flow in 2023 and the investing method that EVERY investor should focus on.
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 756. What I like to do is zoom out a little bit, look at the big picture and ask myself which levers that I pull on make the biggest difference. Obviously, more rent per room makes sense when you’re trying to increase rent, but that’s a small lever. Adding another bedroom is bigger, even if that means that every bedroom goes from 600 to only 500, but you add another bedroom, you’re still adding more money. That’s the bigger lever. And once you’ve got this down, you want to look for properties that are easier to add units to, based on the floor plan they have, the size of the square…