Episode #864

Want to make multiple streams of income? Well, guess what? You DON’T need to buy more properties to do it. Instead, you can turn an existing rental property into a cash cow…but it has to meet the right qualifications. This is precisely what today’s first guest, Stacie, is looking for. She’s got multiple properties, and some have enough land to add a second rental property. But is doing development worth the high cash flow?

Welcome back to Seeing Greene, where David and Rob answer real estate questions from BiggerPockets listeners just like you! First, we’ll talk to Stacie about her buy vs. build dilemma, and which makes MUCH more sense in today’s market. Then, an investor struggling to save up down payments asks what he should do: save, invest elsewhere, or pay down his mortgages. Finally, David gives some swift advice on using a home equity “agreement” and how to make the MOST money on your house hack.

Want to ask David a question? If so, submit your question here (https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none) 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 jump on a live Q&A and get your question answered on the spot!

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Past Episodes Mentioned in Today’s Show:
Seeing Greene 840: https://www.biggerpockets.com/blog/real-estate-840?utm_source=youtube&utm_medium=description&utm_campaign=none
Negative Cash Flow: https://www.biggerpockets.com/blog/real-estate-853?utm_source=youtube&utm_medium=description&utm_campaign=none
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Is it Better to Build New or Renovate Existing Homes as an Investor?:
https://www.biggerpockets.com/blog/build-buy-renovate?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with David and Rob on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Rob (Robuilt):
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
X/Twitter: https://www.twitter.com/robuiltchannel
YouTube: https://www.youtube.com/c/Robuilt
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Follow David and BiggerPockets on Instagram:
@davidgreene24 or https://www.instagram.com/davidgreene24/
@biggerpockets or https://www.instagram.com/biggerpockets/

Show notes at: https://link.chtbl.com/BPRE


00:00 Intro

01:14 Quick Tip

02:22 1 Property, MULTIPLE Income Streams

07:12 How Much Could She Make?

15:14 Ask David Your Question!

15:58 Questions From the Comment Section

17:57 Save, Invest, or Pay Down Your Mortgage?

21:00 Home Equity "Agreements"

22:09 The "Sneaky" Rental Tactic

24:55 Ask Your Question!