334: Rookie Reply: Non-Renewal Notices, Rental Arbitrage, and Hard Money 101

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 28 October 2023

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

If a potential tenant approaches you about Airbnb rental arbitrage, you may wonder if there’s a catch. Are you responsible for damages? What if you encounter a noisy guest? As a landlord, there are all kinds of pros and cons you need to consider before letting someone else lease out your home. But, not to worry—our hosts are here to spell them out! Welcome back to the Real Estate Rookie podcast! In this episode, Ashley and Tony deliver some critical advice to landlords. In addition to rental arbitrage, they discuss non-renewal notices—when and how to deliver them! For first-time investors, they also provide a step-by-step process for creating an offer letter. What’s more, they break down the biggest differences between hard money loans and construction loans and which one is the better option for a BRRRR (buy, rehab, rent, refinance, repeat). Finally, they touch on structuring partnerships and all of the details you MUST flesh out before making one official! 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: The pros and cons of allowing Airbnb rental arbitrage in your units How to deliver a non-renewal notice to a tenant (properly and legally!) How to make an offer on an investment property (step by step!) Key differences between hard money loans and construction loans The BEST ways to structure a real estate investing partnership And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Ask Us Your Investing Question Grab Your Copy of “Real Estate Partnerships” Today Rookie Reply: How to Structure a Real Estate Partnership Rookie Reply: Airbnb Arbitrage, Turnkey Rentals, and When to Use a HELOC Rookie Reply: How to Make an Offer on a House (Even If It’s Off-Market) How to Find Your Perfect First Rental Property (Even in an Expensive Area) w/Lyrva Sanchez How to Use Construction Loans to Get 100% Financing on Your Next Deal Check the full show notes here: https://www.biggerpockets.com/blog/rookie-334 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real State Rookie Episode 334.
0:05.4	My name is Ashley Care, and I am here with my co-host, Tony J. Robinson.
0:09.4	And welcome to the Real State Rookie Podcast, where every week, twice a week, we bring you
0:13.4	the inspiration, motivation, and stories you need to hear to kickstart your investing
0:17.2	journey.
0:18.2	And today, we're back with another Rookie Reply answering questions from you, our
0:22.5	Rookie Audience.
0:23.5	And look, if you would like your question featured in one of our episodes, head over to
0:27.4	biggerpockets.com slash reply.
0:30.9	And we just might choose your question for one of our shows.
0:33.3	But today, we got a long list of stuff that we're going over.
0:35.5	We talk a little bit about rental arbitrage at the end of the show, like, what is it?
0:39.3	What is it beneficial for the landlord and for the person doing arbitrage?
0:43.1	We talk a little bit about how to structure partnerships.
0:46.2	And if you guys haven't yet, head over to biggerpacks.com slash partnerships to pick
0:49.9	up mine and Ashley's book about partnerships, but we cover on how to structure a partnership
0:54.0	or to look out for mistakes at Rookie's make when they're doing that kind of thing.
0:58.1	And if you have checked out our book and given in a read, we would love to hear from you.
1:02.3	If you could leave us a review at bearbuckets.com or if you ordered on Amazon or burnt a
1:06.8	noble, if you could leave a review there too.
1:09.8	Well, you guys, we have run out of reviews.
1:13.4	That means we need you to leave a review and honest rating a review of the podcast so
	...

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