68 min listen
89: Buying Non-Traditional Properties as a Rookie Real Estate Investor
89: Buying Non-Traditional Properties as a Rookie Real Estate Investor
ratings:
Length:
54 minutes
Released:
Jun 23, 2021
Format:
Podcast episode
Description
Sometimes, new real estate investors tend to forget about the other types of real estate investing outside of single-family and multifamily homes. What about self-storage, or commercial, or in Matt Racker’s case, warehouses? All these options can make you passive income, sometimes with far less hassle than managing residential properties.Matt caught the real estate bug doing his first live in flip. He saw a house being remodeled, took a look inside, and decided he could finish the job. Just like that, he called the contractors, found the flippers, and offered to take it off their hands. With some sweat equity, Matt was able to completely renovate his primary residence off of a construction loan, while leaving $0 in the property. I think it’s safe to say we’d all like a new house for free! Then, Matt started thinking about what else he could invest in.Since he runs his own office furniture and cubicle system business and had a pretty good handle on warehouse leases, he decided to use his expertise to start buying commercial warehouses as rental properties. Matt walks through exactly what you need to analyze a warehouse, which metrics matter most, and how to structure your leases (triple net, single net, etc.).In This Episode We CoverPutting in sweat equity so you can 100% finance your homeHow to analyze commercial warehouses depending on their square footagePartnering with family and how to create an org chartBidding on duplexes at a virtual auctionTriple net leases and why they’re common in commercial real estateAnd So Much More!Links from the ShowReal Estate Rookie PodcastReal Estate Rookie Youtube ChannelAshley's InstagramTony's InstagramWrikeMondaySonarThe OG PodcastBiggerPockets PodcastBiggerPockets Podcast 388: The 7-Step “Playbook” for Scaling Your Real Estate Business With AJ OsborneCheck the full show notes here: https://www.biggerpockets.com/rookie89See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jun 23, 2021
Format:
Podcast episode
Titles in the series (100)
Finding Off-Market Deals, Step-by-Step with Ryan Dossey (Mentor) and Drew Wiard (Mentee): Part 1 by Real Estate Rookie