Want More Cash Flow? DON'T Pay Off Your Rental Property

[Chris Lopez]

Ever wondered what to do with your properties once you’re close to retiring or in retirement?

I like to group people into 2 modes when looking at someone’s portfolio. Are they in growth mode or income mode?

People often lose sight of their goals when scaling their real estate portfolio meaning their goals aren’t aligned with their actions.

This also means you need to be focused on different metrics if you’re in say growth mode vs income mode.

In growth mode? Focusing on ROE is ideal.

In income mode? Generally want to be focused on cashflow.

So the first thing I do when looking at someone’s portfolio is identifying what someone’s goals are.

Today’s example comes from someone who’s retired, is in growth mode and looking to maximize their retirement income. Using Property Llama, I broke down his portfolio into 3 different scenarios and reveal what my recommendation would be at the end of the video!

Check out my newest bigger pockets video to see which scenario is best!

Watch this:  https://youtu.be/ITUcmFW9KxU