Is it possible to scale your real estate portfolio in this market? What if you only have one income? Getting past one rental property is a huge hurdle in every investor’s real estate journey, but increasing your rental income and lowering your mortgage costs can help you maximize your cash flow and get over the hump. And in this episode, we’ll show you how!
Welcome back to another Rookie Reply! Today, we’re diving back into the BiggerPockets Forums and answering your questions. First, we’ll hear from an investor who wants to scale their portfolio but feels stuck with one rental. We’ll show them how to squeeze more money out of their property and fund their next purchase. Our next question is from an investor who wants to refinance a “unique” property that doesn’t have comparables. What type of loan do they need? Should they sell the property? Stay tuned to find out. Finally, we’ll help a few landlords with some “unusual” rental maintenance headaches!
Ashley:
Let’s get your questions answered. I am Ashley Kehr,
Tony:
And I’m Tony j Robinson and 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.
Ashley:
We are about to get into some questions from the BiggerPockets forums that other rookies like you have asked. Also, go check out the forums if you haven’t already. They are honestly the best place for you to quickly get all your real estate investing questions answered by the many different experts in there.
Tony:
So here are a few of the things we’re going to discuss on today’s episodes. First, we’ll talk about scaling in this current market, especially when your family is going down to one W2 income stream. We’ll also talk about a refinancing strategy for maybe some untraditional type properties.
Ashley:
And then we’re going to end the show with a couple of property management questions and how to…