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66: Rookie Reply: Buying Sight Unseen & Financing Off-Market Deals
66: Rookie Reply: Buying Sight Unseen & Financing Off-Market Deals
ratings:
Length:
17 minutes
Released:
Apr 3, 2021
Format:
Podcast episode
Description
This week’s question comes from Mitch on the Real Estate Rookie Facebook Group. Mitch is asking two questions: How do you close on a property sight unseen and how do you finance off-market deals?Our two lovely hosts have expertise in both of these areas. Tony has bought a fair amount of property sight unseen and Ashley has used some very creative strategies for financing off-market deals.Here are some suggestions for both of Mitch’s questions:Get your agent, inspector, and general contractor to inspect a prospective sight unseen propertyDon’t waive the inspection clause, especially if you’ve never been in the propertyLook for lenders that aren’t traditional banks, especially those that work with investorsAsk local banks if they offer any products that could help with your fundingUse a line of credit or borrow against your stocks/other assetsAsk for seller financing whenever possibleAnd More!If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (1-888-5-ROOKIE).Check the full show notes here: http://biggerpockets.com/rookie66See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Apr 3, 2021
Format:
Podcast episode
Titles in the series (100)
Trailer by Real Estate Rookie