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Rookie Reply: How to Beat Cash Buyers, Tenant Brawls, and Appraisal Tips

Rookie Reply: How to Beat Cash Buyers, Tenant Brawls, and Appraisal Tips

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Rookie Reply: How to Beat Cash Buyers, Tenant Brawls, and Appraisal Tips
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Rookie Reply: How to Beat Cash Buyers, Tenant Brawls, and Appraisal Tips
Rookie Reply: How to Beat Cash Buyers, Tenant Brawls, and Appraisal Tips
Rookie Reply: How to Beat Cash Buyers, Tenant Brawls, and Appraisal Tips
Rookie Reply: How to Beat Cash Buyers, Tenant Brawls, and Appraisal Tips
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A cash offer almost always gets a seller’s attention. Whether someone comes in low or high, the prospect of a smooth closing without any loan contingencies is often more than […]
A cash offer almost always gets a seller’s attention. Whether someone comes in low or high, the prospect of a smooth closing without any loan contingencies is often more than […]
Rookie Reply: Should You Rent to a Bankrupt Tenant?
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This week’s question comes from Andrew on the Real Estate Rookie Facebook Group. Andrew is asking: How would you handle a prospective tenant that has a bankruptcy on their record?  […]
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This week’s question comes from Jerry through Ashley’s Instagram direct messages. Jerry is asking: I’ve finally made the plunge and bought three investment properties. After I rehab, rent, and refinance […]
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Rookie Reply: Is a Cash-Out Refinance Taxable?
Rookie Reply: Is a Cash-Out Refinance Taxable?
Rookie Reply: Is a Cash-Out Refinance Taxable?
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This week’s question comes from Brandon on the Real Estate Rookie Facebook Group. Brandon is asking: On a cash-out refinance, is this considered income? If so, will I have to […]
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Rookie Reply: What To Do When an Appraisal Comes Back Low?
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Rookie Reply: What To Do When an Appraisal Comes Back Low?
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This week’s question comes from Mantas on the Real Estate Rookie Facebook Group. Mantas is asking: My buddy placed an offer substantially above asking price and the seller, before accepting the offer, asked my friend if he would pay the difference if the appraisal came in lower than the offer. Anyone encountered this situation and what would be the best response if any? Ah, the classic appraisal gap/appraisal contingency. During hot housing markets (like we’ve been experiencing over the past...
This week’s question comes from Mantas on the Real Estate Rookie Facebook Group. Mantas is asking: My buddy placed an offer substantially above asking price and the seller, before accepting the offer, asked my friend if he would pay the difference if the appraisal came in lower than the offer. Anyone encountered this situation and what would be the best response if any? Ah, the classic appraisal gap/appraisal contingency. During hot housing markets (like we’ve been experiencing over the past...
Rookie Reply: How to Close on Off-Market Properties
Rookie Reply: How to Close on Off-Market Properties
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This week’s question comes from Aaron on the Real Estate Rookie Facebook Group. Aaron is asking: What paperwork do I need to close an off-market deal? If presenting a cash offer, can it all be done between me and the seller? Do you typically ask for an inspection period? Off-market real estate deals can seem tricky when you’ve never done one before. For the most part, investors only deal with on-market deals where their real estate agent walks them through the closing process. When you’re ...
This week’s question comes from Aaron on the Real Estate Rookie Facebook Group. Aaron is asking: What paperwork do I need to close an off-market deal? If presenting a cash offer, can it all be done between me and the seller? Do you typically ask for an inspection period? Off-market real estate deals can seem tricky when you’ve never done one before. For the most part, investors only deal with on-market deals where their real estate agent walks them through the closing process. When you’re ...
Rookie Reply: Networking Tips That’ll Increase Your Net Worth
Rookie Reply: Networking Tips That’ll Increase Your Net Worth
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Networking tips only matter as long as they work. Everyone knows the classic ones—bring a business card, wear a nametag, and look people in the eye. But, when you’re meeting with investors who have big portfolios, it can be easy to get flustered all of a sudden. Maybe you run into your dream mentor at your next real estate meetup—what do you do? Both Ashley and Tony were able to buy their first rentals and grow their portfolios thanks to networking. At first, they didn’t know what to do ...
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Rookie Reply: How to Structure a Real Estate Partnership
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This week’s question comes from Kurt through Ashley’s Instagram direct messages. Kurt is asking: We’d like to buy a vacation property with my brother and sister-in-law. My wife and I […]
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Rookie Reply: How to Use Home Equity to Buy Rentals
Rookie Reply: How to Use Home Equity to Buy Rentals
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This week’s question comes from Tony’s Instagram direct messages! This rookie real estate investor is asking: I have a good chunk of equity in my home, should I pull out cash to purchase a rental property? If not what should I do with the equity? If you want to know how to use home equity to buy real estate, you need to know your options first. As many homeowners are sitting on massive equity gains, thanks to the past two years worth of price run-ups, they’re asking how they can use this e...
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Rookie Podcast 170: Rookie Reply: ARM vs. Fixed-Rate Mortgages (Which Is Better For Cash Flow?)
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This week’s question comes from Channa through Ashley’s Instagram direct messages. Channa is asking: I have three rental properties and am looking to refinance them all. Should I do an […]
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