62 min listen
709: Everything a New Investor Should Know BEFORE Closing on a Property w/Ashley Kehr
709: Everything a New Investor Should Know BEFORE Closing on a Property w/Ashley Kehr
ratings:
Length:
61 minutes
Released:
Jan 3, 2023
Format:
Podcast episode
Description
Before buying a rental property, real estate investing can seem scary. Only experienced landlords know how to deal with closing delays, overbudget rehabs, and tenant issues. But that doesn’t mean you have to come in blind on your first real estate investment. If you have the proper knowledge, expectations, and systems set up, you can build a real estate portfolio faster than the rest, which is what Ashley Kehr, author of Real Estate Rookie: 90 Days To Your First Investment, did.Ashley hosts the Real Estate Rookie Podcast, where she interviews new investors who have had one or a few successful deals. She’s seen what it takes for someone to go from bystander to investor and wants to make sure you can purchase your first investment property too. On today’s show, Ashley walks through her pre-closing checklist, where she details everything from due diligence to budgeting renovations and rehabs, how to negotiate with sellers, where to find insurance and more.This is just a brief glimpse at everything you can find in Ashley’s new book, and combining these golden nuggets with what is shared in Real Estate Rookie will get you on a faster path to landlord life and passive income. So, if you’ve been waiting to invest or feeling like you don’t know what you don’t know, this may be the perfect episode to start. Tune in, grab the new book, and get ready to make some property purchases in 2023!In This Episode We Cover:The pre-closing checklist and everything a new investor should do before they come to closingDue diligence and how to ensure title work, home insurance, and taxes are readyRenovation and rehab budgeting and how to build a scope of work even when investing out of stateNegotiating with a seller on both on and off-market deals and the pros/cons of using an agentHow to smoothly communicate with a seller or agent so you can get a deal done quicker (and with less stress)Landlord insurance and how to find a policy that works for you before you closeAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastBiggerPockets MerchListen to All Your Favorite BiggerPockets Podcasts in One PlaceLearn About Real Estate, The Housing Market, and Money Management with The BiggerPockets PodcastsGet More Deals Done with The BiggerPockets Investing ToolsFind a BiggerPockets Real Estate Meetup in Your AreaDavid's BiggerPockets ProfileDavid's InstagramDavid’s YouTube ChannelReal Estate Rookie PodcastBooks Mentioned in the ShowLong Distance Real Estate by David GreeneReal Estate Rookie by Ashley KehrYou’re Not Listening by Kate MurphyHug Your Haters by Jay BaerConnect with Ashley:Ashley's BiggerPockets ProfileAshley's InstagramClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-709Interested 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:
Jan 3, 2023
Format:
Podcast episode
Titles in the series (100)
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