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338: Rookie Reply: How to Find RARE Rentals by Buying Properties in Preforeclosure

338: Rookie Reply: How to Find RARE Rentals by Buying Properties in Preforeclosure

FromReal Estate Rookie


338: Rookie Reply: How to Find RARE Rentals by Buying Properties in Preforeclosure

FromReal Estate Rookie

ratings:
Length:
46 minutes
Released:
Nov 11, 2023
Format:
Podcast episode

Description

Finding an investment property in preforeclosure can feel like uncovering a diamond in the rough, as the seller may be more motivated to get a deal done faster and for less. However, there’s one crucial thing you should be aware of BEFORE you take action on your end. Hint: you could pay a few extra costs to score a RARE deal! 
Welcome back to another Rookie Reply! In this episode, Ashley and Tony talk about buying properties in preforeclosure—including when it makes sense to buy a property “subject to.” They also go over the most important data points to analyze when choosing your market, as well as how to avoid jumping the gun when listing a new property for rent. Finally, home renovation projects can be tricky when you’re an out-of-state investor. Our hosts share how they purchase materials, as well as their go-to investing hack that will save you a fortune!
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

What you MUST know before buying a property in preforeclosure

When it makes sense to buy a property subject to (and pay the extra costs!)

Critical data points you MUST include in your market analysis


How to buy materials for home renovation projects when investing out-of-state

How to list your investment property for rent (and pitfalls to avoid!)

The investing hack that will save you a TON of money on materials

And So Much More!


Check the full show notes here: https://www.biggerpockets.com/blog/rookie-338
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Released:
Nov 11, 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.