57 min listen
250: Rookie Reply: 2023 Risks, The True Cost of Owning Rentals, and Live Q&A w/Pace Morby & Jamil Damji
250: Rookie Reply: 2023 Risks, The True Cost of Owning Rentals, and Live Q&A w/Pace Morby & Jamil Damji
ratings:
Length:
48 minutes
Released:
Jan 7, 2023
Format:
Podcast episode
Description
The real estate market is changing, especially in high-appreciation cities like Phoenix, Arizona. This week, Ashley and Tony made the journey to the Valley of the Sun to visit real estate rookies for a live podcast recording. But it wasn’t just the rookies coming out; expert investors like Jamil Damji and Pace Morby also swung around to answer questions about creative financing, the 2023 housing market, multifamily investing, and more. They give some killer insight that only off-market masters know, and their input could help you score better deals over the next year.As always with a Rookie Reply, we also take questions from the Real Estate Rookie Facebook group, the Rookie Request Line, and Instagram to see what’s on investors’ minds. This time, we’ve got questions on how real estate wholesaling works, the best way to reject an agent or lender (without burning bridges), the true cost of owning a rental property, and the risks and rewards of using a dual real estate agent. This episode comes packed with rental property gold, so stick around!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 CoverCreative financing strategies in 2023 and how investors are starting to take advantageHow to find a real estate investing partner that will grow your business fasterThe safest way to invest in multifamily real estate (without using your own money)The best place to find real estate and housing market data (check out On the Market)Costs that go into owning a rental property and what many rookies overlookThe dangers and benefits of using a dual agent on your next real estate dealHow real estate wholesaling works and the two ways to close a wholesale dealAnd So Much More!Links from the ShowFind an Investor-Friendly Real Estate AgentAshley's InstagramTony's InstagramBiggerPocketsReal Estate Rookie Facebook GroupAirbnbDave Meyer's InstagramBiggerPockets Rental Property CalculatorOn The Market Podcast5 Tools To Unlock Your “Ideal Life” w/ “Traction” Author Gino WickmanLandWatchPrivyZillowCrexiConnect with Pace & Jamil:Jamil's BiggerPockets ProfilePace's BiggerPockets ProfileCheck the full show notes here: https://www.biggerpockets.com/blog/rookie-250Interested 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 7, 2023
Format:
Podcast episode
Titles in the series (100)
Doing Deals While Quarantined with Jeremy, Kristen, and Rafael by Real Estate Rookie