69 min listen
258: Finance Friday: Are “High Cash Flow” Rentals Still Realistic in 2022?
258: Finance Friday: Are “High Cash Flow” Rentals Still Realistic in 2022?
ratings:
Length:
75 minutes
Released:
Dec 17, 2021
Format:
Podcast episode
Description
A common debate in real estate is cash flow vs. appreciation. While some investors rely on their rental property income to reach FI, others argue that appreciation will provide them the equity gain to truly build wealth. You’ll hear this discussion in-depth on today’s episode as guest Jackeline walks Mindy and Scott through her $20,000 rental property in Northern Illinois. Jackeline is already doing well in other aspects of her life. She’s got a high net worth, with fully-funded retirement accounts and a big cash cushion, but she wants to reach FI by 45 so she has the option to retire. One of the best ways to do that? Cash flowing rentals! The only problem is that Jackeline is buying these rentals in a less-than-optimal area.With rentals in C or D-class neighborhoods, you can count on more tenant problems, repairs, and headaches. But, these downsides come with the big upside of higher cash flow. Scott and Mindy both help Jackeline balance the scales on what is most important to her: buying in an appreciating market but using more of her cash or continuing to purchase low-cost, riskier rental properties. In This Episode We CoverBuilding multiple financial safety nets between retirement accounts, cash, and cash flow Buying rentals in C to D-class neighborhoods and the pros/cons associated with themProperly screening tenants to minimize turnover and maximize ROIExperimenting with different rental property classes to find a strategy that works for youFinding your real estate tribe and networking with others who can help you grow1031-ing a property to avoid a tax penalty and grow your real estate portfolioAnd So Much More!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Dec 17, 2021
Format:
Podcast episode
Titles in the series (100)
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