152: Rookie Reply: How to Fund Real Estate Deals (and Scale Bigger!)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 29 January 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ashley and Tony’s DMs are open for real estate Q&A business! Just like last week, this week’s question comes from Tony’s Instagram DMs. The question? How are you scaling your real estate portfolio so quickly? How do you finance your deals? For most rookie investors, real estate financing seems like a big hurdle to get over. With deals flying off the MLS so quickly nowadays, having your funding locked and loaded is as important as ever. Thankfully, even if you don’t qualify for bank financing (or you’ve maxed out your personal loan limit), you can still find some phenomenal financing options. Here are some suggestions: You don’t need the money, use a partner as a source of funding Using a cash-out refinance or HELOC from a current property to fund your deals Walk into your bank and ask what they can do for you (you may be surprised by your options) Ask the seller about owner financing to close on deals without the hassle of a bank And more in the episode… 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). Links from the Show Real Estate Rookie Rookie Facebook Group Real Estate Rookie Youtube Channel Real Estate Robinsons Youtube Channel A General Contractor (Almost) Ruined Our Rehab Yelp James Dainard's Instagram Sara's Instagram Swaterzzz's Instagram Rookie Podcast 102: $10M Profit On Her First Deal?! It’s Possible with Campground Investing BiggerPockets Podcast Ryan Pineda's Instagram Check the full show notes here: https://www.biggerpockets.com/rookie152 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey, before we get into the show, I wanted to mention bigger pockets is hiring a full-time
0:05.6	supervising producer for a podcast network. This is a remote position and a chance to work with
0:11.0	an amazing team if we do say so ourselves. We're looking for someone with at least a couple of
0:15.6	years experience managing production teams and someone who will feel confident taking the lead
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0:26.1	full job description at biggerpockets.com forward slash jobs. Again, that's biggerpockets.com
0:33.3	forward slash jobs to apply for an open podcast producer job. Now, enjoy the show.
0:39.8	This is Real Estate Rookie, episode 152.
0:48.1	My name is Ashley Care and I am here with my co-host Tony Robinson.
0:53.2	And welcome to the Real Estate Rookie podcast. This is your first time joining us every week,
0:58.3	twice a week. We give you the inspiration, the motivation, the stories from real investors
1:03.5	who are making a living, doing the thing, just getting started. Maybe they're pros, maybe they're
1:07.9	not. But either way, we're giving you everything you need to start your journey as a real estate
1:12.2	investor. So, Ashley, what do we got going on today? What's new with you? Well, I'm off the couch
1:18.4	with my bum. I noticed that. I noticed that. This isn't improved. I'm still not back in my closet. I
1:24.9	still haven't like set up my whole studio back up just because I would like traveling all around
1:30.4	and like having pieces out of the couch. And it's all just kind of like shoved in the closet.
1:35.0	And I didn't think about it until like right before recording. But I think for our recording next
1:39.6	week, I'll be back in my closet. You'll get back to the closet. Okay. Yeah. Well, you know,
1:44.8	what I'm loving is I love the gingerbread house that's in the background right now. That's like,
1:49.4	I don't usually get this view when you're in your closet. So I'm actually funny is that
1:54.6	there was two and I threw one out. And I just like, this was probably like a week ago. I'm like,
	...

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