57 min listen
115: The BRRRRent-to-Own Strategy: A Win-Win for Tenants and Landlords
115: The BRRRRent-to-Own Strategy: A Win-Win for Tenants and Landlords
ratings:
Length:
42 minutes
Released:
Sep 22, 2021
Format:
Podcast episode
Description
What if you could own rental properties without the responsibility of landlording? Not only that, what if you were paid a hefty, non-refundable deposit for your home, minimizing your risk? Would you start investing under these circumstances?If you like the sound of that, you’ll love the rent-to-own strategy, or as Today’s guest Jessica likes to call her framework, the BRRTOR (Buy, Rehab, Rent-to-Own, Repeat). Most landlords won’t offer rent-to-own to their tenants, not because they don’t want to, but because they don’t know it’s a possibility. This type of seller financing is what Jessica’s entire portfolio is built off of, and it has some major benefits for not only the landlord but the tenant.Jessica also gives some great advice in our mindset segment, specifically relaying that a big part of real estate is making mistakes. Jessica has had some great deals in her real estate investing career, but not every one of them has turned out to be a superstar. The big takeaway for investors should be to start, make mistakes, learn from them, and do better!In This Episode We CoverCombining the BRRRR strategy and the rent-to-own strategyHow to vet tenants to find the best candidates for seller financingThe importance of putting ownership in the hands of a tenantFinding homes that will profit in this highly competitive marketWhat to look out for when interviewing hard money lendersUnderstanding that the first deal probably won’t be a home runAnd So Much More!Links from the ShowReal Estate Rookie PodcastReal Estate Rookie Youtube ChannelAshley's InstagramTony's InstagramReal Estate Rookie FaceBook GroupBPCON2021FacebookCraigslistMLSZillowCheck the full show notes here: https://www.biggerpockets.com/rookie115See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Sep 22, 2021
Format:
Podcast episode
Titles in the series (100)
Doing Deals While Quarantined with Jeremy, Kristen, and Rafael by Real Estate Rookie