cover of episode Should I SELL or RENT My House? + How to Finance Home Renovations (Rookie Reply)

Should I SELL or RENT My House? + How to Finance Home Renovations (Rookie Reply)

2024/11/8
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听众：面临将房产出租还是出售的难题，房产现金流较低，且需装修才能出租，他们不确定是否值得继续投资。 Tony：分析短期租赁的收益潜力时，应考虑最坏情况、最好情况和最可能情况三种场景。评估短期租赁收益上限时，应寻找更多支撑性数据点，例如比较同类房产的收入，评估自身竞争力。决定是否翻新地下室增加面积，需要计算增加的租金收入是否能覆盖装修成本，以及投资回报周期。翻新房屋时，应充分考虑设计和装修成本，避免低估。在短期租赁和长期租赁之间选择时，应考虑运营成本和可用的资源，例如物业管理。依赖房产增值来弥补短期亏损是一种高风险策略，需要谨慎评估当地市场行情。决定是否出售房产应考虑购房初衷和未来盈利潜力。 Ashley：决定是否翻新地下室增加面积，需要计算增加的租金收入是否能覆盖装修成本，以及投资回报周期。在短期租赁和长期租赁之间选择时，应考虑运营成本和可用的资源，例如物业管理。依赖房产增值来弥补短期亏损是一种高风险策略，需要谨慎评估当地市场行情。即使房屋租赁不能完全覆盖生活成本，也能降低住房成本，从而释放更多资金用于其他投资。即使房屋租赁资金投入较少，也应保留足够的储备资金以应对风险。房屋租赁降低了进入房地产市场的资金门槛，更容易获得贷款。 Tony: 高利率环境下，房屋租赁的难度有所增加，但这并不意味着房屋租赁已“死亡”。对房屋租赁成功的定义需要重新审视，不应仅局限于完全覆盖生活成本并产生额外现金流。即使房屋租赁不能完全覆盖生活成本，也能降低住房成本，从而释放更多资金用于其他投资。 Ashley: 房屋租赁的成功案例表明，即使不能完全覆盖生活成本，也能带来其他益处，例如降低住房成本和积累房产净值。

Deep Dive

Chapters
The episode discusses the dilemma of whether to sell or rent out a house when planning to move, considering factors like cash flow, appreciation, and renovation costs.
  • Short-term rentals can offer better cash flow than long-term rentals.
  • Renovating the basement can increase revenue but requires careful financial planning.
  • Appreciation and mortgage paydown are additional benefits to consider.

Shownotes Transcript

You’re planning to move soon and are asking yourself, “Should I sell or rent my house?)” What if you’ve got little-to-no cash flow potential? Is future appreciation worth betting on? Maybe you need to renovate before you sell or rent; now, the question becomes, “**How to finance **home renovations)?” Don’t stress; we’ve got you covered on all fronts in this episode as we walk through how to decide whether to sell or rent, the best ways to fund home renovations, and answer the mother of all rookie questions, “Is house hacking) dead?”

With mortgage rates)** rising yet again and home prices still unaffordable in many areas of the country, does house hacking (renting out other rooms/units to pay your mortgage) still make sense?** What if you can’t live for free anymore? Should you abandon the house hacking strategy entirely? We have some interesting thoughts on** why we would or wouldn’t house hack **in this housing market.

Looking to invest? Need answers? Ask your question on the BiggerPockets Forums)!

In This Episode We Cover:

Whether you should** sell or rent your primary residence** once you move out 

The math behind** house hacking** and whether** high interest rates** ruined this strategy 

How to** finance home renovations** on your next rehab project 

Taking out a line of credit on your investment properties to fund future investments 

Whether to convert your property into a short-term rental) (more work) or keep it as a **long-term rental **(less work) 

And **So **Much More!

Links from the Show

Ashley's BiggerPockets Profile)

Tony's BiggerPokckets Profile)

Join BiggerPockets for FREE)

Real Estate Rookie Facebook Group)

Real Estate Rookie YouTube)

Protect Your Properties with an LLC through Corporate Direct)

Ask Your Question on the BiggerPockets Forums)

Grab “The House Hacking Strategy” Book)

Find Investor-Friendly Lenders)

Should You Sell Your House or Rent It Out?)

(00:00) Intro

(00:49) Sell or Rent Out Your House?

(07:12) Short-Term vs. Long-Term Rentals

(08:47) Bet on Appreciation?

(12:41) How to Finance Home Renovations

(18:48) Is House Hacking Dead?

(26:41) Ask Your Question!

Check out more resources from this show on BiggerPockets.com) and https://www.biggerpockets.com/blog/rookie-481)

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