Podcasts Business Your Financial Pharmacist YFP Real Estate Investing 65: Changing the Rules to Find Cashflow

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

Published: July 9, 2022, 9 a.m.

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 \u2018set it and forget it\u2019 is a bad fit for their goals.
  • Three key strategies to force cash flow.\xa0
  • 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 \u2018get rich slow\u2019 scheme is so effective for pharmacists.\xa0
  • Renting by the room as a strategy to improve cash flow.\xa0
  • Collaborating via platforms like the YFP Real Estate Investing Facebook Group.
  • Why it\u2019s so useful to get more than one perspective on what you are doing.

Links Mentioned in Today\u2019s Episode