744: Seeing Greene: How to Create Cash Flow & Cutting Costs On a Home Renovation

What’s the key to escaping the rat race in 2023? Do you need a rental property LLC for every property, or can you put multiple in one? And how do you create cash flow when housing prices are so high? For the everyday real estate investor, it can seem like profitable rental properties are getting harder and harder to find, and financial independence is slowly slipping away. And while many would give up on their pursuit for early retirement, time freedom, and autonomy over their schedule, we’re here to give you the knowledge you need to hit your wildest investing goals in 2023. We’re back with another Seeing Greene, where your agent, investor, broker, and system-building savant, David Greene, answers your real estate investing questions on the spot! In this episode, we’ll touch on rental property LLCs and how many properties to put in each one, what to do when home prices are high, and cash flow is low, the “new build BRRRR” that could create crazy equity gains, and a smarter way to shop for landlord insurance. All that (and much more) is coming up, so stick around! Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We Cover: Where to buy your next rental property and how to create cash flow Setting up your rental property LLCs and how many you’ll really need The build, rent, refinance and repeat BRRRR strategy that could produce massive equity Why bigger is better and the reason you should ALWAYS shop for rentals with more rooms How to provide value to your mentor (even if you don’t have real estate experience) Landlord insurance and when a commercial policy trumps individual coverage Building systems for your real estate business and a practical way to start systemizing TODAY And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Top 10 Real Estate Markets for Cash Flow in 2023 The BiggerPockets Guide to Landlord Insurance Sign Up for David’s 2023 Scottsdale Goal Setting Retreat Book Mentioned in the Show: SOLD by David Greene SKILL by David Greene SCALE by David Greene Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-744 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices