How to Turn 1 Rental Property into MANY (The Right Way)

Episode #825

Have a rental property? What if you could use it to buy even more rentals, build your real estate portfolio, and have a steady stream of passive income flowing into your bank account? On today’s Seeing Greene, one viewer is asking exactly how to do that, and while his strategy could work, it may not be the best move with mortgage rates so high and deal flow so low. So, what would David do instead?

It’s Sunday, so we’re taking listener questions directly from rookies, veteran investors, and those wanting to retire early. In this episode, David pokes holes in the “cash-out refinance to buy a new property” strategy. We also hear from two late starters who want to get a jump on their retirement, a burnt-out property manager looking for the best way to scale, an equity-heavy investor who’s debating buying a rental or lending out his money, and a reviewer who was scammed by the real estate “gurus.”

Want to ask David a question? If so, submit your question here (https://www.biggerpockets.com/david?utm_source=youtube&utm_medium=description&utm_campaign=none) so David can answer it on the next episode of Seeing Greene. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he’s going live so you can hop on a live Q&A and get your question answered on the spot!

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Ask David Your Real Estate Investing Question:
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Books Mentioned in Today’s Show:
Pillars of Wealth: https://get.biggerpockets.com/5fbfac0b-e728-4076-a4e7-523387e33104-523395/?utm_source=youtube&utm_medium=description&utm_campaign=none
SCALE: https://store.biggerpockets.com/products/scale-successful-agents-guide-leveling-up?utm_source=youtube&utm_medium=description&utm_campaign=none
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The Late Starter’s Guide to Retirement with Real Estate (40s, 50s, or 60s!):
https://www.biggerpockets.com/blog/real-estate-820?utm_source=youtube&utm_medium=description&utm_campaign=none
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Warning: Why You Shouldn’t Buy What the Gurus Are Selling:
https://www.biggerpockets.com/blog/gurus-selling-fomo-strive-for-seemliness
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https://www.youtube.com/@DavidGreene24/featured
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David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
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Show notes at: https://www.biggerpockets.com/blog/real-estate-825?utm_source=youtube&utm_medium=description&utm_campaign=none


00:00 Intro

02:15 Quick Tip

09:56 How to Retire Early with Rentals

15:01 How to Scale Your Real Estate Business

21:39 Questions from The Comment Section

33:07 DON'T Quit Your Job

38:26 Private Lending vs. Buying Rentals

45:11 Ask David Your Question!