352: Rookie Reply: Seller Financing & How to Buy MORE Real Estate on YOUR Terms

Real Estate Rookie

BiggerPockets

Investing, How To, Entrepreneurship, Business, Education

4.7 • 1.8K Ratings

🗓️ 28 December 2023

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

We got to talk a WHOLE lot of real estate in 2023. With topics ranging from partnerships to home renovation hacks, we covered a ton of ground this year and hope the information helped YOU on your real estate investing journey! Today, we’re taking a trip down memory lane—reflecting on all of the amazing guests and conversations we had on the show over the last twelve months. For this very special episode, we’ve handpicked a few of our favorite moments to share with you. Whether you’re looking to find your first deal or already own several rental properties, we hope this compilation gives you the inspiration and motivation you need to start the new year off strong! Tune in to learn everything from getting your spouse on board with real estate to replacing your W2 income with rentals. You’ll find out why house hacking is perhaps the best entry point to real estate investing and why rental arbitrage is a cheat code for easy cash flow. You’ll even learn about the “open house” hack that one rookie investor uses to estimate rehab costs, as well as some clever ways to get more money out of your current portfolio! Here is the link to the Spotify playlist for the full episodes clipped for this show! In This Episode We Cover: The best ways to pitch seller financing (and get your offer accepted!) Pitfalls to avoid when taking on more real estate debt Scaling your real estate business faster with UNIQUE loan products How to negotiate pricing with contractors for your home renovations Why you MUST build your own scope of work when getting contractor bids 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 Apply to Be a Guest on the “Real Estate Rookie” Podcast Why Self-Storage Beats Rental Properties How to Use Public Data to Find Real Estate Deals That 99% of Investors Miss w/Ariel Herrera From Prison to Real Estate Investor Making $71K/Year from ONE Rental w/Matt McDermott How Nancy Rodriguez from ‘Love Is Blind’ Hit Financial Freedom BEFORE Fame How to Buy a Rental Property with NO Money OR Credit The Rookie’s Step-by-Step Guide to Home Renovation Projects The Step-by-Step Guide to Finding the BEST Off-Market Real Estate Deals Books Mentioned in the Show The Book on Estimating Rehab Costs by J Scott The Book on Flipping Houses by J Scott Check the full show notes here: https://www.biggerpockets.com/blog/rookie-352 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real Estate Rookie episode 352.
0:05.0	My name is Ashley Kerr and I am here with my co-host Tony J Robinson.
0:10.0	And welcome to the Real Estate Rookie Podcast, where every week, twice a week we bring you the inspiration, motivation, and stories you need to hear to kick your investing journey. And today, we got another Ricky reply for you guys. We're going to be answering your questions and if you want to get your
0:24.3	question featured on one of our episodes head over to bigger pockets.com
0:28.1	slash reply drop your question there and we might just pick it for the show.
0:32.0	So today we're going to be answering two questions on
0:35.4	seller financing.
0:37.1	Creative financing is hot, hot, hot right now.
0:40.9	So if you have questions about seller financing financing this is an episode for you.
0:45.0	We have a question about scaling and what does that look like for Ricky and then we
0:48.8	finish off with the question about contractors as well so everyone's favorite thing
0:52.3	is working with contractors. We talk about
0:54.0	how to do it the right way. So last thing before we get into the questions, if you guys haven't
0:58.0	yet, please do take a few minutes to leave an honest rating and review the Ricky
1:01.7	podcast on whatever platform it is you're listening.
1:04.0	The more reviews we get, the more folks we can reach.
1:07.0	And when we reach folks, we tend to help them.
1:08.0	And that's what we're all about here at the Ricky podcast.
1:10.0	So take a few minutes, leave that rating review, and we just might read it on the show.
1:12.8	Let's get started with our first question from Roosevelt. A B.P. what's the best way to get
1:19.7	seller financing? Is there a down payment, is a realtor involved and what other fees are associated with getting it?
1:28.0	Great question.
	...

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