100% financing for ALL of your real estate deals? Without thousands of dollars saved up, many people assume there’s no way for them to invest in real estate. But that’s far from true. Today, you can fund your entire real estate deal—including purchase price, down payment, closing costs, and rehab costs—using other people’s money!
Welcome back to another Rookie Reply! If you don’t have the funds to invest in real estate, hear Ashley and Tony share their best strategies for getting deals done with creative financing. They also discuss rehab costs and provide a three-step plan for estimating them. Hiring a property manager is a daunting task for any rookie, but our hosts share the biggest red flags to watch out for when vetting a property management company. Finally, they discuss the touchy subject of rental repairs—who’s responsible and how to keep the peace with tenants!
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
How to get financing for 100% of your deals (purchase price AND rehab costs!)
Four EASY ways to find private money lenders for your real estate deals
The three-step plan you NEED to accurately estimate rehab costs
Red flags to look out for when hiring a property management company
How to determine who is responsible for repairs (without upsetting your tenants!)
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Real Estate Rookie Facebook Group
Submit Your Real Estate Rookie Question!
Private Capital Explained: The 4-Second Pitch to Unlock Unlimited Funds (Part 1)
Private Money Explained: 5 Simple Ways to Find Private Money Today (Part 2)
Private Money Explained Part 3: The “Credibility Pieces” Lenders Love to See
Private Money Explained Part 4: Rates, Returns, and Protecting Investors
A Step-by-Step Guide to Estimating Rehab Costs w/ Master Flipper & Investor James Dainard (Part 1)
Finding Contractors, Renovation Red Flags, and Estimating Rehab Costs (Part 2) w/ James Dainard
Follow Amy Mahjoory on Instagram to Learn More About Raising Private Capital
Book Mentioned in this Episode:
Raising Private Capital by Matt Faircloth
The Book on Estimating Rehab Costs by J Scott
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-302
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com
Learn more about your ad choices. Visit megaphone.fm/adchoices