Should I Pay Off My Rental or Scale & How to Start Flipping Houses

Should I Pay Off My Rental or Scale & How to Start Flipping Houses

487 View





Episode #993

Get a BIG incentive on turnkey rentals from today's show sponsor, Rent to Retirement. Text "REI" to 33777 or visit them here: https://www.renttoretirement.com/

Ask Your Question on the BiggerPockets Forums:
https://www.biggerpockets.com/forums?utm_source=owned_media

Episode Show Notes: https://link.chtbl.com/BPRE

Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media

Grab the Book “Long-Distance Real Estate Investing”:
https://store.biggerpockets.com/products/long-distance-real-estate-investing?utm_source=owned_media

Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders

See David and Rob at BPCON2024 in Cancun!
https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none

Seeing Greene 985 - How to Use Home Equity to Retire, Buy Rentals, or House Hack:
https://www.biggerpockets.com/blog/real-estate-985?utm_source=youtube&utm_medium=description&utm_campaign=none

Connect with David and Rob:
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

Should I pay off my rentals or scale to more doors? Should I start flipping houses in my local but expensive market or go long-distance? When is the time to move from residential to commercial real estate? We’ve got some crucial questions to answer on today’s Seeing Greene as David and Rob tackle the best ways to build wealth and set yourself up for retirement in 2024. Want to reach financial freedom faster? Then, this is the show for you.

First, an investor who eagerly wants to retire asks whether he should flip houses in the expensive San Francisco Bay Area or begin in a lower-priced area. Next, when is it time to scale vs. pay off your rental properties? When partnering on a house hack, who’s responsible for what, and how do you split up the finances? Finally, a return caller asks about the pros and cons of residential vs. commercial real estate and whether bigger properties will help him reach his goal of retiring with a sizable rental portfolio.


00:00 Intro

01:14 Should I Start Flipping Houses?

11:37 Scale or Pay Off Properties?

15:46 Partnering on a House Hack?

21:33 Comment Section Callout

24:03 Residential vs. Commercial Real Estate

41:37 Share Your Thoughts!