Episode Details

Stuck at ONE Rental Property? The Secrets to Scaling Your Portfolio

Episode 514 Published 1 year, 5 months ago

Description

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!

Looking to invest? Need answers? Ask your question here!

In This Episode We Cover:

Whether you can build and scale a real estate portfolio on ONE income

House hacking, renting by the room, and MORE ways to grow your rental income

Homeowners insurance, property taxes, and MORE mortgage costs you can reduce

How to turn your accessory dwelling unit (ADU) into a short-term rental

Creative ways to get refinancing for a “non-traditional” rental property

How to handle unusual (or unreasonable) maintenance requests from tenants

What you MUST keep in mind when working with Section 8 tenants

And So Much More!

Links from the Show

Ashley's BiggerPockets Profile