๐ฃ Our latest collaboration with BiggerPockets just dropped, and it's packed with invaluable insights for real estate investors in 2024!
๐ When it comes to rental properties, landlords often make a critical mistake that costs them thousands in potential cash flow. Chris Lopez, a real estate investor from Denver, sheds light on this mistake and provides valuable insights to optimize rental portfolios.
๐ Three Scenarios:
1. Keeping the Property: By updating rents to match market levels, ROE improves to 11.3%, with cash flow increasing from $107 to $265 per month.
2. Refinancing the Property: With high interest rates, a cash-out refinance would decrease ROE to 5% and turn cash flow negative.
3. Selling with a 1031 Exchange: Despite potential tax benefits, ROE would drop to 8.6%, with negative cash flow.
๐ Watch now to learn how to avoid the key mistake that plagues many landlords and significantly increase your rental property returns in today's competitive market!
Watch the full video Here!