How to 10x Your Rental Portfolio (Without 10x-ing Stress)

Your rental portfolio can either be your ticket to financial freedom or a massive headache, but it’s completely up to you, the investor, to decide. Many investors who have been stacking up properties over the past few years now realize they’re sitting on a significant amount of equity. But what is the best way to use this equity without raising your stress levels in the process? Should you buy more units or focus on getting better, smaller, cash-flowing deals?
David Greene is here to help alleviate you from the decision-induced stress, as he’s been dealing with these exact types of questions personally and with many of his buyers recently. In this Seeing Greene episode, David takes answers from BiggerPockets listeners both in video and written form, discussing topics ranging from scaling your real estate portfolio, outsourcing “heavy” tasks with a virtual assistant, and whether to cash-out refinance or use a HELOC (home equity line of credit).
David also answers the age-old question of whether or not unit count matters when it comes to cash flow and long-term wealth building. You may be surprised to hear that many investors' “unit counts” don’t accurately reflect the size of their personal holdings. You’ll also get advice on how to find a great real estate agent from one of the top agents in the country!
If you’d like to ask David a question, be sure to submit yours here: www.biggerpockets.com/david?u...
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Ask David a Question:
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Network with Other Investors on The BiggerPockets Forums:
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Find a Great Agent for Your Next Purchase:
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Listen to Tom Wheelwright’s Interview:
www.biggerpockets.com/show569...
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Cash Out Refinances vs HELOCs | Which Should You Use?
www.biggerpockets.com/blog/ro...
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Invest with David:
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BiggerPockets: @biggerpockets or / biggerpockets
David:@davidgreene24 or / davidgreene24
Episode 570
Show notes at: www.biggerpockets.com/show570...
0:00 Intro
1:42 Quick Tip
2:49 How to 10x Your Rental Portfolio
17:18 Using Virtual Assistants
21:02 High Equity: Should You Sell?
24:38 David's Seeing Greene Report Card
30:58 Finding Investor-Friendly Realtors
34:50 Refinancing From an LLC
37:18 Evolution of The Modern Real Estate
49:12 House Hacking & BRRRRing
53:00 Cash-Out Refi or HELOC to Buy Rentals
1:00:03 Ask David Your Question!
1:03:21 What's Next for The BiggerPockets

[@BellaBeastTv]

*Hi David at **54:00** you answer on Return on Equity and the advice you gave him can you make a more detailed video on your thought process around equity return doing a cash out vs selling and 1031 into another, when to do either? Thank you* Edit: at 1:00:00 you start explaining exactly what im asking above

[@MT-cc2fz]

Evolution of the Modern Real Estate is GOLDEN! Nice Job!!!

[@raulbolufe]

Would you mind sharing your property management company you use?

[@thorpower1015]

David awesome vid as always, nice grunt style shirt I have some lol

[@TwoGuysTakeonRealEstate]

Hi Dave,. Matthew Tortoriello here. Would love to join you on a live full broadcast and discuss this and other topics in more detail.

[@nicoleanderson2402]

The Flippin Landlord Ninja!!! This would be an awesome show!

[@jaysmith6910]

I purchased a two unit property in detroit, and i will be rehabbing it. I running into the problem of ARV comps. Most two family units in the area are being work on for buy and holds, so there’s no good comps to compare. My goal was to BRRR this project. Now I’m starting to think 💭 i may have paid to much for it. What would be your advice.

[@TXetc]

David’s arms are looking jacked 💪🏻 in that thumbnail

[@melodyn6419]

How much cash flow you consider is good one then?

[@rillawhat8142]

" options create wealth "

[@thefindlayteam]

Great insights in this video 🔥

[@youngone1985]

You seem like a cool guy. Listen. Rents are too high. Rents are up 20% in the sunbelt and wages are up only 3%. So next month is slated for the highest number of national evictions ever. If other landlords act irresponsibly it will drive down revenue. Just as your house is only worth what the bank are willing to loan. It's not supply and demand once wages can't support the price. The stimulus, pay plus up, ppp loans, and evictions and mortgage moratoriums caused this

[@franklintyler4652]

So, you think you can predict what rent should be better than the market?

[@chrishebb2151]

Dave or David, if you prefer, love the content. Keep rocking it!

[@JohnCarrFitness]

You have a gift David 👏🏻. Thank you for being honest and open with RE education.

[@mari13679]

Super advise on RE agents. I hope they are listening.

[@prestonjackson5161]

David please post a link to your website. Your website is not popping up

[@freeestyleobsessed]

How high do you think interest rates have to go for it to put a damper on the real estate market?

[@stephenbackholm3231]

David ... How do I get in touch with you. I've got a deal in AZ & SC that might fir what you're looking for

[@joanebaptiste-cummins3207]

Dave, is there a risk of conflict of interest when you have so many arms? I remember my mortgage broker telling me there was a rule to keep appraisers separate from the loan process. Maybe inspections also. Thought there was a rule to prevent corruption.

[@esaintlouis3065]

I love your answers on the vision for what agents should become. It was refreshing to hear about how you’re running your business and giving more value to clients, especially new buyers. The “speed dating” analogy is spot on and the reason why I think some struggle to see the value of using/paying agents. Most times, it seems the agent is just there to coordinate paperwork and nothing more. Great segment

[@lisaparker4061]

The analogy that you gave with the lender is so true. I wasted three months/ four months with one and I pulled the trigger right before signing because I seen the okey-doke so to speak. I ended up with a loan officer that knew his stuff and he was able to get us so, much more all around in the deal. Wish we could vet the experience of a loan officer before wasting time. Boy did they try and pull out all the Big dogs the higher-ups to get me not to walk. I wasn't desperate it was just going to require more time and the next lender did it in 30 days as promised and delivered.

[@youtubecarspottersguide1]

still have to qualify for all the loans

[@user-ru2hf1sg4e]

These are my favorite shows, and yes David is looking jacked

[@probst9999999999]

I am really curious how you handle a loan for a personal residence, when you own a lot of rentals you must have a high debt to income ratio... I went to buy a primary residence 4 plex and got denied from debt to income because of my one rental property.

[@katecolt1262]

Dude so my fiancé and I are 23 years old. We have 450k in home equity.. we need help or rather advice. We live in Northern Arizona. I been selling solar for almost a year on a 10-99 and I make solid income. My fiancé works in retail but has been at the same job since she was 18 and has gotten raises and bonuses regularly. Combined We make 100k at least, but it's looking more like 200k due to my income. Our home we bought also has a detached fully finished 2 bedroom guest Casita we plan to AirBnB. Can you give some advice please?

[@katecolt1262]

We bought the home for 250k. It was appraised little over 700k.

[@improvechannelonrealestate5487]

Awesome episode David. Great advice and great examples.

[@askingashley2724]

Thank you for talking about the loan officer issues. I feel like I miss out on a lot of business because the borrower is being told what they want to hear from competitors instead of the truth. I like to be upfront about fees and the process because I’ve been through it as an investor while other loan officers are solely salesman.

[@kinglegend7796]

If you have no credit how can you get a loan for a house or a multifamily unit is there anyway to get the loan based on the property and not your credit

[@Marisak7107]

Find a lender who can manually underwrite your loan. It’s a lot more work for the lender, but the good ones will do it. What’s the location? Might be able to direct you on where to start.

[@brianb6415]

@@Marisak7107 I purchase my properties in Michigan. Do you know anyone there?

[@Marisak7107]

@@brianb6415 For a lender who can manually underwrite loans?

[@brianb6415]

@@Marisak7107 yes please 😊

[@Marisak7107]

@@brianb6415 Sure! Let me find out if I know somebody in Michigan!

[@jarrodthecoffeeguy2807]

One of the most educational podcasts ive heard on here!! From a current BRRR and second home buyer seeker

[@67502realestateambassador]

I love your description of working with different types of agents... You have amazing examples and verbiage to express the situation. I also love how you tell them how to handle going with a different agent for different situations & explaining how to go about it by giving referrals to the other realtor.

[@mikebiggs1337]

The mean Greene real Estate machine

[@franc587]

The only big issue is where to get a good cash flowing deal. Prices are up the roof right now. Where to buy a good rental property, for me, is the question!!

[@FrenchSaladMac]

Miami Beach

[@MikeAll3n]

You have to buy in a place where where the rental rates are high enough to cashflow. I had an investor client here in VA, who bought a 170k house (2bd, 1bth, 900sq ft) put 20% down ($34k down). Her mortgage was $750/mo and she was able to rent it out for 1450/mo!

[@jillyanmacmorris5176]

I LOVE this format, and hearing the specific scenarios others are in gets me thinking about new options and factors.

[@thetuanson]

I like this style of q&a. Straight to the point and no chit chat

[@KidCity1985]

Great show David, you are a huge asset to bigger pockets.

[@CliffNotesAnesthesia]

Excellent episode and great questions submitted! I love finding out about this!!!!

[@adriangonzalezre]

Thank you for all your advice David! I have been following since you started in Bigger Pockets. ¿Don't you think that if the Fed starts increasing interest rats, and they are talking about a 1% increase, could sparkle a big contraction in the market?

[@vanillathehexican4142]

There is huge yield in Defi though...Hex is an almost guaranteed 40%...the yield is in fact and reality much much larger than that but I digress....pulsechain is going to dominate right out of the gate

[@djkirby9537]

David I have a mobile home park that I'd need partners to join me on this project and I just Google mapped David green team in California and call the number and Kristy Keller is the voicemail and I don't understand why I'm calling the day the green team to be introduced to Christie. I didn't leave her a voicemail and explained that I was calling for the David green team and I left my phone number in the hopes that she would return my call. Just thought you should know since you get so much impersonation

[@nkosinathimbikwana3941]

Thank you David Greene, you're awesome bro!! 🔥🔥🔥

[@Dimrain13]

Real estate agents will eventually go away and become automated between the seller and the buyer directly. Ask me how I know :)

[@AlexKairoff]

Thats highly debatable

[@Dimrain13]

@@AlexKairoff Oh I get your position on the subject since its legacy... but Im already working on automation to facilitate. No need to pay a real estate agent at all when you list with our automated system :). Give it about a year you will hear about it.

[@bangladeshirealtor]

you think being an agent is just being transactional lol when it’s bigger than that but i wish you luck whatever you are doing

[@Dimrain13]

@@bangladeshirealtor I do not think that. There's much more to in information wise. It's not complicated.

[@bangladeshirealtor]

@@Dimrain13 if you thought that , then you wouldn’t make such a misguided statement …lol it’s cool man GL with it …. nothing in life is complicated if people are experts in their field and have self mastery

[@TheInterwebzMan]

The first caller is yet another wannabe guru trying to build his own brand. That’s not what these shows should be about. His question was just a humble brag and an excuse to get on the show. Poor form.

[@TwoGuysTakeonRealEstate]

That was not my intent at all. Sorry you felt that way

[@jsouers48]

Seems like a lot more selling with David

[@sass6795]

This is so cringe and makes me so mad😡 Cool. So you guys are bragging about buying multiple homes meanwhile I can’t even land a home in my own city due to being outbid by greedy investors like yourselves. Shame shame shame!

[@SilverBlack831]

Investors never pay more than regular people. They wouldn't make money.

[@MillennialMike]

Complain more or do something about it. Want to learn how to out compete others follow me. I'll help you. But quit the bad attitude that's rule number 1