Episode #1070
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Canât figure out how to buy multiple rental properties a year with your current income? Wondering whether you should get rid of your student loans before buying your next property? Maybe your market is too expensive, so is it time to go out of state instead? These are some of the most common questions we see on the BiggerPockets Forums, and today, weâre answering them so you can get to your next rental(s) faster, even if youâve got debt and even if your home market is too expensive.
First, weâre explaining when and why we buy properties without ever seeing them in real life. Isnât that a huge risk? Yesâif you do it the wrong way. Next, should you invest out-of-state if your home market is too expensive, and if you decide to do so, what should you know BEFORE buying a property well outside driving distance? Want to scale faster? Weâre discussing purchasing multiple rental properties a year and when itâs time to grow your real estate portfolio.
Got student debt? Youâre not alone! Henry had his student loans until recently and still heavily invested in real estate. But, if your interest rate crosses a certain threshold, weâd definitely recommend reconsidering real estate investing. Stay tuned; weâll share when your debt is too much to invest.
00:46 Buy Rentals Sight Unseen?
06:03 Out-of-State Investing 101
10:59 Ask Us Questions LIVE!
12:37 Buy 2 Rentals in 1 Year?
16:12 Invest While in Debt?
21:46 Keep Negative Cash Flow Property?
27:03 Post Your Question!