Should you invest for cash flow or appreciation? Whether you need another income stream today or have one eye set on retirement, you have your own reason for investing in real estate. It’s important to choose an investing strategy that aligns with your ultimate goal, and today, we’ll show you how!
In this Rookie Reply, we discuss the age-old debate of cash flow versus appreciation and whether you can have BOTH. We also get into landlord insurance, limited liability companies (LLCs), and other ways to protect your assets, as well as what to do when a tenant or guest damages your rental property. Could you use a home equity line of credit (HELOC) for your next investment? Stay tuned to learn how it could impact your credit score. But first, you’ll hear from a rookie investor whose investing partner stole $40,000 and get Ashley and Tony’s best tips on structuring a real estate investing partnership!
If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).
In This Episode We Cover:
Cash flow versus appreciation (and how to invest for both!)
How to structure your FIRST real estate investing partnership
The best ways to protect your personal and business assets
The difference between a home equity line of credit (HELOC) and cash-out refinance
How a HELOC impacts your debt-to-income (DTI) ratio and credit score
What to do when a tenant or guest damages your rental
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Submit Your Real Estate Rookie Question!
Apply to Be a Guest on the “Real Estate Rookie” Podcast
Grab Your Copy of “Real Estate Partnerships” and Use Discount Code “PARTNER377”
Don’t Lose Your Portfolio to Lawsuits! Here’s How to Protect Yourself
Pay Less Tax to the IRS This Year With THESE Real Estate Tax Strategies
Require Damage Protection Insurance for Your Vacation Rental with Superhog
Connect with Jerryian:
Jerryian's BiggerPockets Profile
Check out more resources from this show on https://www.biggerpockets.com/blog/rookie-377
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices
259: No Down Payment? No Problem! Three Creative Financing Options to Consider w/Pooja Jindal
258: Rookie Reply: How to Find Out Who Owns a Property and Direct Mail 101
257: Rookie to Real Estate Investor: Seller Financing, STR Markets, & Lowball Offers
256: Rookie Reply: Escaping the Corporate Rat Race and Property Management Q&As w/Isaac Lane
255: How to (Legally) Avoid Taxes by Investing in Real Estate w/Amanda Han
254: Rookie Reply: Can You Put Offers on Multiple Houses? w/Jake Kain
253: How to Build Your Financial Foundation BEFORE Investing in Real Estate w/Malia Gudenkauf
252.5: How to Buy Your First Rental Property in 11 Steps
252: Rookie Reply: Tenant Not Paying Rent? Here’s What to Do w/Alexandra Burnham
251: Rookie to Real Estate Investor in 90 Days: LIVE Mentorship Calls
250: Rookie Reply: 2023 Risks, The True Cost of Owning Rentals, and Live Q&A w/Pace Morby & Jamil Damji
249: Simple Steps to Start, Scale, and Grow a Real Estate Business in 2023
248: Rookie Reply: Do You NEED an LLC for Rental Property?
247: From $40K in Debt to 4 Properties and How to Snag a Low Mortgage Rate in 2023 w/Lindsey Iskierka
246: Rookie Reply: The 3 Signs of a Perfect Rental Property Market
245: Escaping the “Grind" through Van Life and Cross-Country Investing w/Tony Clark
244: Rookie Reply: How to Estimate Rehab Costs and Where to Find the Right CPA
243: The Short-Term Rental Cheat Code for More Bookings and Fewer Fees in 2023 w/Mark Simpson
242: Rookie Reply: How to Get a Better Price on That Off-Market Property
241: From Line Cook to Long-Term Investor with 32 Wholesale Deals w/Sahleem Lee
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
BiggerPockets Real Estate Podcast
BiggerPockets Money Podcast
BiggerPockets Business Podcast
BiggerPockets Daily
The InvestHER Podcast