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312: Rookie Reply: The Seller Hasn't Responded...What Do I Do?

312: Rookie Reply: The Seller Hasn't Responded...What Do I Do?

FromReal Estate Rookie


312: Rookie Reply: The Seller Hasn't Responded...What Do I Do?

FromReal Estate Rookie

ratings:
Length:
35 minutes
Released:
Aug 12, 2023
Format:
Podcast episode

Description

You recently submitted an offer on a house, but you haven’t heard back from the seller. Now what? As an eager rookie investor, the waiting game can be painful. You may already have an eye on other properties but need the capital to invest. Should you withdraw your original offer? Fortunately, Ashley and Tony have a few helpful tips to make your decision a little easier.
Welcome back to another Rookie Reply! In this episode, our hosts tackle several important topics—including when to pull an offer on a house and whether you should create an LLC when buying your first property. They also discuss the biggest differences between single-family and multifamily real estate and which type of property is best for rookie investors to target. Finally, they talk about how to become a private money lender and the two important documents that should be in place before you lend a penny!
If you want Ashley and Tony to answer a real estate question, you can submit a question here, post in the Real Estate Rookie Facebook Group, or call us at the Rookie Request Line (1-888-5-ROOKIE).
In This Episode We Cover:
Rescinding an offer on a house when you don’t hear from the seller
Whether to buy a single-family or multifamily property for your first deal
LLCs and whether you need one when buying your first property
How to become a private money lender (and what you need to protect yourself!)
The two documents that MUST be in place before lending money
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Submit Your Real Estate Rookie Question!
Hear Our Full Episode on Real Estate Partnerships
Grab Your Copy of “Real Estate Partnerships” Today
How to Protect Your Rental from Fires, Floods, Lawsuits, and Liability
Follow Mindy Templeton on Instagram

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-312
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com
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Released:
Aug 12, 2023
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.