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

Real Estate Rookie

BiggerPockets

How To, Entrepreneurship, Business, Education, Investing

4.7 • 1.8K Ratings

🗓️ 22 October 2022

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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 enough to get a deal done. But what if you don’t have stacks of cash lying around? Maybe you’re trying to get your first rental property or house hack with a conventional, FHA, or VA loan. How do you set yourself apart from the hotshot who roles in and offers all cash without any appraisal necessary? Worry not because Ashley and Tony have done it dozens of times before. Welcome back to this week’s Rookie Reply, where we take questions directly from Instagram, Facebook, the BiggerPockets Forums, and our Rookie Request Line. This week, we talk about how to beat cash offers, what to do when tenants in the same property start disputing, and appraisal tips to get your home valued higher. We also touch on how to network, make better connections, and build genuine relationships with other investors in your area! 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). In This Episode We Cover What to do when an appraisal comes back lower than you expected Using comps (comparable properties) to boost your home’s value in an appraiser’s eye Handling tenant disputes, and whether or not you’re liable if the argument gets physical The three things that motivate a seller when listing a property (and how to use them to get better deals) Beating cash buyers and using speed and price to your advantage Networking tips for new investors (even if you’ve never been to a real estate meetup) And So Much More! Links from the Show Airbnb BiggerPockets Real Estate Rookie Facebook Group Real Estate Rookie Podcast On the Market Podcast Thanks for Visiting Podcast Vrbo MLS Connect with Ashley and Tony: Ashley's Instagram Tony's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-228 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 says real estate rookie episode 228.
0:05.0	I know so many rookies today are would consider capital maybe is one of their biggest obstacles
0:13.0	to getting started but you got to start thinking outside the box right it's like BP con just
0:17.2	happened hopefully you're at BP con shaking hands meeting people because I guarantee out
0:21.6	of the almost 3,000 people that went to BP con a certain percentage of those folks are
0:25.5	lending money on a private basis and they're they have a good time doing it because it's
0:30.2	the most passive return they're ever going to give in real estate investing you just got
0:33.3	to find the way to connect with those people.
0:34.8	My name is Ashley Care and I'm here with my co-host Tony Robinson and welcome to the real
0:39.8	estate rookie podcast where every week twice a week we bring you the inspiration information
0:44.8	and stories you need to hear to kick start your investing journey like start the episodes
0:47.9	off by shout out folks in the rookie audience who have left us honest reading and reviews
0:52.1	on apple podcast and this week's review comes from rags 321 and rags says great podcast
0:59.1	with an exclamation mark this is a great podcast for learning about real estate through so many
1:03.3	different aspects so rags kept it short and sweet but still up to five stars or if you
1:07.0	haven't yet please leave us a rating review on whatever podcast platform news you're listening
1:10.7	to the reviews go a long way to helping us find new listeners and the more listeners we
1:14.8	find the more folks we can help and that is our goal here at the real estate rookie podcast
1:18.7	isn't that right Ashley and you know what I was just thinking of is like so we have you
1:22.4	know at this is recorded after BP con and we talk about the benefits of BP con throughout
1:26.3	this episode but we're headed there in a couple days and all I thought about while you
1:30.7	were reading that review is man I need to get myself some muscle and force people into leaving
	...

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