66 min listen
230: Rookie Reply: The 1% Rule, Turnkey Rentals, and Escrow Accounts Explained w/Zach Lemaster
230: Rookie Reply: The 1% Rule, Turnkey Rentals, and Escrow Accounts Explained w/Zach Lemaster
ratings:
Length:
41 minutes
Released:
Oct 29, 2022
Format:
Podcast episode
Description
Is the 1% rule in real estate still relevant? Who shouldn’t be buying turnkey rentals? And why is an escrow account favorable for scaling real estate investors? All these questions and more are coming up in this Rookie Reply.We’re back at BPCon 2022, and joining us is fellow investor and turnkey operator, Zach Lemaster. You may have heard Zach’s episode on the BiggerPockets Real Estate Podcast or maybe you’ve used his turnkey company, Rent to Retirement, before!Zach helps us answer an array of questions, some from semi-passive turnkey investors and some from active investors. We touch on investor lines of credit and how to secure them, the 1% rule’s relevance in 2022, whether or not to get preapproved before finding a deal, buying off-market, and much more! Zach also poses three questions every investor should ask BEFORE investing in turnkey rentals.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).In This Episode We CoverWhere to find investor lines of credit and which banks are your best betShould you get an appraisal on an off-market property?The 1% rule explained and how it’s holding up in 2022 (and beyond)Escrow accounts and which types of investors should optionally enroll in themWho should (and shouldn’t) invest in turnkey rentals and the questions you should ask your turnkey providerAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentAshley's InstagramTony's InstagramBiggerPocketsReal Estate Rookie Facebook GroupReal Estate Rookie PodcastHow “Turnkey” Rentals Can Help You Build Real Estate Riches FasterThe One Mistake That Almost Put My House in ForeclosureRent to RetirementBiggerPockets CalculatorConnect with Zach:Zach's BiggerPockets ProfileCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-230Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Oct 29, 2022
Format:
Podcast episode
Titles in the series (100)
How Drew Pulled 6 Deals From His First Direct Mail Campaign With Ryan Dossey (Mentor) and Drew Wiard (Mentee)—Part 2 by Real Estate Rookie