Your rental portfolio can either be your ticket to financial freedom or a massive headache, but it’s completely up to you, the investor, to decide. Many investors who have been stacking up properties over the past few years now realize they’re sitting on a significant amount of equity. But what is the best way to use this equity without raising your stress levels in the process? Should you buy more units or focus on getting better, smaller, cash-flowing deals?
David Greene is here to help alleviate you from the decision-induced stress, as he’s been dealing with these exact types of questions personally and with many of his buyers recently. In this Seeing Greene episode, David takes answers from BiggerPockets listeners both in video and written form, discussing topics ranging from scaling your real estate portfolio, outsourcing “heavy” tasks with a virtual assistant, and whether to cash-out refinance or use a HELOC (home equity line of credit).
David also answers the age-old question of whether or not unit count matters when it comes to cash flow and long-term wealth building. You may be surprised to hear that many investors’ “unit counts” don’t accurately reflect the size of their personal holdings. You’ll also get advice on how to find a great real estate agent from one of the top agents in the country!
David:
This is the BiggerPockets Podcast, show 570. Look at your equity like a tree that you planted, and if you chop down that one tree, you can plant three more. As long as the location where you plant the tree is similar to where your current tree is or better, and you believe that the quality of the trees that you can plant with it, it’s definitely better to take down one tree to plant three more. You’re just going to grow three times faster. And then continuing to do that over the next 10 to 20 years will actually build you an orchard.
David:
What’s going on, everyone? It is David Greene, your host of the BiggerPockets Podcast here…