222: Rookie Reply: The One Mistake That Almost Got My House Foreclosed

Real Estate Rookie

BiggerPockets

How To, Entrepreneurship, Business, Education, Investing

4.7 • 1.8K Ratings

🗓️ 1 October 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

A rental property falling into foreclosure is a sad sign. “What happened to that landlord?” you might ask. Did a tenant do extensive damage, leaving them with a too burdensome repair bill? Did the landlord forget to pay their mortgage? What could have caused this? Well, if you’re like Ashley Kehr, someone else may have caused your home to (almost) slide into foreclosure, without you knowing. Welcome back to this week’s Rookie Reply. Wait, scratch that. This week’s Rookie Confession, featuring our own Ashley Kehr! Many listeners know Ashley as a fast-moving, quick-thinking, real-life monopoly player, but in this episode, she opens up about a mistake that almost lost her multiple properties. It was an easy real estate mistake to make, but even veterans in the game get caught now and again. Want to avoid what happened to Ashley? Tune into this 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 Podcast Real Estate Rookie Facebook Group BiggerPockets Real Estate Rookie Youtube Channel Airbnb BiggerNews March: How a Surge of Foreclosures Will Impact the Housing Market w/Auction.com’s Daren Blomquist Rookie Reply: How Do I Estimate Property Taxes? Connect with Ashley and Tony: Ashley's Instagram Tony's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-222 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real Estate Rookie, episode 222.
0:05.2	[♪ OUTRO MUSIC PLAYING [♪
0:20.1	My name is Ashley Care, and I'm here with my co-host, Tony Robinson.
0:24.3	And welcome to the Real Estate Rookie podcast, where every week,
0:27.7	twice a week, we bring you the inspiration, motivation,
0:30.7	and stories you need to hear to kickstart your investing journey.
0:33.3	And I want to start off today's episode by shouting
0:34.7	on some folks in the Rookie audience.
0:36.2	We've got another 5 star review.
0:37.7	This one says, I'm a small time real estate investor
0:41.0	with one property, and I want to get to 3 to 5.
0:43.7	This podcast is amazing because they focus on the basics.
0:47.2	So if you haven't yet, leave us an honest rating and review.
0:50.0	And whatever podcast platform it is, you're listening
0:51.6	to more reviews.
0:52.8	We get the more folks you reach, more folks you reach,
0:54.6	the more folks we can help.
0:55.6	And that is our ultimate goal.
0:57.6	So with that out the way, Ashley Care, what's up?
1:00.2	What's new?
1:01.2	Tell me how things are.
1:02.6	Well, to be honest, today I'm going to use the Rookie reply
	...

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