BiggerPockets Real Estate Podcast - First Rental Property: ONE Large Down Payment or Multiple Rentals?

Episode #977 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/ Episode Show Notes: https://link.chtbl.com/BPRE Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Buy “The Book on Rental Property Investing”: https://store.biggerpockets.com/products/rental-property-investing?utm_source=owned_media Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch See David and Rob at BPCON2024 in Cancun! https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none Bigger Pockets Real Estate - Episode 965: Seeing Greene: Insurance and Taxes Killed My Cash Flow, Should I Sell?: https://www.biggerpockets.com/blog/real-estate-965?utm_source=youtube&utm_medium=description&utm_campaign=none 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 Every investor would love some extra cash flow…but at what cost? Does it make sense to go all in on a large down payment so that more money trickles in each month? If you want minimal debt, have no plans to scale, and are confident that your new property will appreciate, perhaps. But if your goal is to buy more rental properties and build your portfolio as quickly as possible, there are much better ways to leverage your cash position. In this Seeing Greene, we help a new investor navigate this exact scenario when buying his first property! Next, we hear from someone whose earnest money deposit (EMD) is wrapped up in a failed medium-term rental. Should she cut her losses and walk away from the deal or weather the storm until the property can cash flow? Stick around to find out! Finally, we chat with an investor who has gone over his rehab budget and finds himself knee-deep in high-interest credit card debt. David and Rob walk him through the steps that will allow him to consolidate his bad debt and turn a ROUGH situation into MORE rentals! 00:00 Intro 01:30 Which Rental Should I Buy? 07:34 The Medium-Term Rental Fiasco 15:23 Comment Section Callout 19:06 Help, I’ve Gone OVER Budget! 33:05Ask Us Your Question!