254: Rookie Reply: Can You Put Offers on Multiple Houses? w/Jake Kain

Real Estate Rookie

BiggerPockets

How To, Education, Entrepreneurship, Investing, Business

4.7 • 1.8K Ratings

🗓️ 21 January 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Need to know whether flipping vs. renting makes more sense for your market? Don’t know if you can put offers on multiple houses simultaneously? Itching to hear how your flipping profits will affect your financeability on your next property? We’ve got time-tested real estate experts here to help you out! As always, Ashley and Tony are here to host this week’s Rookie Reply, but we’re also joined by Jake Kain, Arizona investor and agent who left the W2 life to start building a rental property and live in flip empire! Jake lends a helping hand in answering this week’s questions but also shares his own story about following your fire, starting a community, and how to become the “quarterback” of any real estate meetup. He’s expanded his network at lightning speed, allowing him to grow his portfolio to five units, all while flipping his own primary residences along the way. Jake helps answer questions about making offers on multiple houses, flipping vs. renting, how your DTI (debt-to-income ratio) could be impacted when house flipping, and where to find general contractors who will show up on time! 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 Starting your own real estate meetup and how it makes you the most popular person in the room Leaving your nine-to-five to invest in real estate and becoming a real estate agent Debt-to-income ratios and whether or not selling a fixer-upper could help or hurt yours The art of making offers on multiple houses and what to do if they all accept Flipping vs. renting and why different real estate markets require different strategies How to find contractors for home renovations and why the quickest workers are rarely the best And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent Ashley's Instagram Tony's Instagram BiggerPockets Real Estate Rookie Facebook Group BiggerPockets Forums BiggerPockets Bootcamp Alpha Geek Capital Facebook Groups Connect with Jake: Jake's BiggerPockets Profile Jake's Instagram Check the full show notes here: https://www.biggerpockets.com/blog/rookie-254 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 State Rookie episode 254.
0:03.9	I think another thing not to just keep coming back to the networking idea,
0:07.3	but finding out what other people are doing.
0:09.2	That's a huge insight for me is just continuing to talk to everybody in our group and seeing
0:14.2	what everybody else is doing, educating yourself as much as possible.
0:18.2	For those that are familiar with the Chromeford report, we follow that.
0:21.2	They're very, very highly watching the Phoenix Market in general.
0:25.6	So just do your education, talk to people and just kind of stick to the basics.
0:32.2	My name is Ashley Care and I am here with my co-host, Tony Robinson.
0:36.2	And welcome to the Real State Rookie podcast where every week, twice a week, we bring you the
0:40.4	inspiration, motivation, and stories you need to hear to kickstart your investing journey.
0:44.5	And I want to start today's episode by shout-out to someone from the rookie audience.
0:47.6	This person goes by the username Mrs. W-E-X-P agents.
0:52.4	But they love it. It's a five-star review on Apple Podcasts and the review says,
0:55.5	fun, informative, and I learned so much about investing in what to avoid from Ashley and Tony.
1:00.0	Thank you with an exclamation mark.
1:02.1	So if you haven't yet, please do leave us an honest rating review on Apple Podcasts,
1:05.6	Spotify or whatever it is you're listening.
1:07.6	The more reviews we get, the more folks we can help.
1:09.2	And that's always the goal here at the Real State Rookie podcast.
1:11.3	Tony, every time I'm so impressed that you just riff off that whole integral.
1:15.6	All I have to do is say one line is this is the Real State Rookie podcast in the number.
	...

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