If Your Rental Property Is Doing THIS, You Should Sell It (Rookie Reply)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 14 March 2025

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is it time to SELL your rental property? Not so fast! Bad cash flow isn’t the end of the world if you’re banking on appreciation, and there are several ways to increase your cash flow. But certain problems aren’t worth the headaches, and in this episode, we’ll share some telltale signs that you should sell! Welcome back to another Rookie Reply! Today’s first question comes from a new investor who’s looking to go from buying beginner-friendly, turnkey properties to scaling with the BRRRR method (buy, rehab, rent, refinance, repeat). Is this a doable next step or should they stick with what’s been working? We’ll show you why this investing strategy isn’t as intimidating as it might seem! Next, we’ll discuss what you should do if your property is bleeding money. At what point should you move on? Maybe you’ve already decided to cash out but are struggling to sell your investment property. We’ll show you how to move that stubborn listing! Looking to invest? Need answers? Ask your question here! In This Episode We Cover Signs you should SELL your rental property (and when to hold instead) Properly analyzing rental properties so you DON’T get stuck with a bad investment How to use the BRRRR method to scale your real estate portfolio Earning semi-passive income with turnkey rentals How to choose the right real estate investing strategy for YOU Creative strategies for moving an old listing that has been sitting on the market And So Much More! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-535 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today, we're tackling the question of when it's time to sell your investment property.
0:05.1	We'll explore the clear signals that might be telling you it's time to cash out and move on.
0:10.1	Whether you're feeling overwhelmed with maintenance issues, seeing shifting market conditions,
0:14.0	or you just really need to level up how you analyze your investment properties,
0:17.8	this episode will give you the clarity you need to make that tough decision.
0:25.7	I'm Ashley Care.
0:27.3	And I'm Tony J. Robinson.
0:28.9	And welcome to the Real Estate Rookie Podcast.
0:32.1	Today, we are doing a rookie reply episode, and we have our first question.
0:36.9	So this question is, I bought my first
0:39.5	duplex in December 2024. I bought this turnkey because I wanted to have a stable start.
0:46.2	I still invested 35,000 into updates and renovations. I'm thinking about the next property and strategy.
0:53.2	There will still be money left for a conventional
0:56.3	purchase with 20 to 25% down, again, a turnkey property. But I've also been thinking about doing a
1:03.4	burr. I feel like I'm not experienced enough to start this strategy yet. What do other rookie
1:09.3	investors do? When did you start doing burs? Obviously, we know the positive yet. What do other rookie investors do? When did you start doing burrs? Obviously,
1:13.7	we know the positive aspects, but can people share all the negative aspects of it? So first of all,
1:20.0	to kind of give some promise to this question, a burr is when you buy your property, you rehab the property, you rent out the property, and then you
1:31.7	refinance, pull your money back out, or at least some of it, and then you repeat the process
1:36.8	and use that money again to go ahead and do another burr. So the difference here with this
1:43.0	question is that this person has experience doing a
1:46.3	turnkey property where you don't need any kind of, you know, rehab experience. The property is ready to go.
	...

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