YFP Real Estate Investing 65: Changing the Rules to Find Cashflow

Nate Hedrick, PharmD, and David Bright, PharmD, MBA, BCACP, FAPhA, FCCP, your YFP Real Estate Investing Podcast hosts, discuss three key strategies for finding and managing cashflow with real estate investing.

Key Points From This Episode

A recap of the weekend with David and Nate each looking at new properties. Why the philosophy of ‘set it and forget it’ is a bad fit for their goals. Three key strategies to force cash flow.  Change the location, change the property, and change the strategy. Cash flow potential in Cleveland in comparison to LA, Boston, and Seattle. Overcoming the fear of not driving by, or entering a property prior to purchase. The difference between assessing an investment property and a property to live in. Looking for ways to improve cash flow on a property to improve it and increase the rent. Shifting your perspective from short to long-term increases in the market. The importance of knowing the rates that are typical to your area. Why the ‘get rich slow’ scheme is so effective for pharmacists.  Renting by the room as a strategy to improve cash flow.  Collaborating via platforms like the YFP Real Estate Investing Facebook Group. Why it’s so useful to get more than one perspective on what you are doing.

Links Mentioned in Today’s Episode

Lima One Capital: The Nation’s Premier Lender for Real Estate Investors Join the None to One Group Coaching Program Waitlist YFP Real Estate Investing 62: Revisiting Fundamentals in a Changing Real Estate Market YFP Real Estate Investing 12: Renting by the Room to Maximize Cash Flow AirDNA: Short Term Rental Data Join the YFP Real Estate Investing Facebook Group YFP Real Estate Investing Your Financial Pharmacist Disclaimer and Disclosures