386: Rookie Reply: Will It Cash Flow? Analyzing BRRRRs, Hotels, & Commercial Deals

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 29 March 2024

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

To land a great investment property, a true diamond in the rough, you’re going to need to master the art of analyzing deals. Whether you plan to use the BRRRR method or buy commercial real estate, we’ve got several tips, tricks, and tools to help you find the perfect property! Welcome back to another Rookie Reply! Not sure whether a property will cash flow? In today’s episode, we’ll help you distinguish a great deal from a not-so-great deal. Do you need to pay back a hard money lender? You’ll want to hear about the creative solutions you can use to get out of short-term debt when refinancing isn’t an option. We also talk about short-term rentals and the best ways to furnish your Airbnb on a budget. Finally, we’ll show you how to manage difficult tenants when they push back against rent increases and damage your rental! 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: How to ensure that your BRRRR property will cash flow before AND after refinancing Creative financing solutions to use when hard money becomes due What you NEED to know before getting into commercial real estate investing How to fully furnish your short-term rentals on a tight budget Addressing rent increases and maintenance issues with difficult tenants 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 Submit Your Real Estate Rookie Question! Apply to Be a Guest on the “Real Estate Rookie” Podcast Analyze Your BRRRR Deals with the BiggerPockets Calculators How to Buy a Hotel: Breaking Down Tony’s FIRST Commercial Real Estate Deal Making $160K/Year From ONE “Rare” Property Thanks to Seller Financing Financial Freedom in 10 Years and $200K Cash Flow with a Small Portfolio Analyze Commercial Real Estate Deals Rental Management Tools Mentioned in This Episode: AppFolio Breezeway Check the full show notes here: https://www.biggerpockets.com/blog/rookie-386 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 estate rookie episode 386.
0:04.4	Where do you draw the line when it comes to your tenants and appliances?
0:09.2	My name is Ashley Kerr and I'm here with Tony J Robinson.
0:13.0	And welcome to the Real Estate Rookie Podcast,
0:15.0	where every week, three times a week,
0:17.0	we're bringing you the inspiration, motivation, and stories
0:20.0	you need to hear to kick start your investing journey.
0:22.0	And today, we're going to talk about things
0:24.8	to think about when buying properties in a vacation market.
0:28.8	What exactly is Burr, PITI and ARV plus so much more broken down in this episode.
0:35.0	We'll be evaluating a Burr deal and how to analyze the fundamentals
0:38.9	to make sure your numbers are correct.
0:40.1	So we'll get into all of this and more.
0:42.4	Now, don't forget you can submit your questions
0:45.1	so Ash and I can answer on this podcast.
0:47.8	Just head over to bigger pockets.com slash reply.
0:51.3	Again, guys, we want to hear from the rookie audience.
0:53.1	We want to answer your questions.
0:54.4	We want to highlight what's going on in your business.
0:56.4	So again, head over to bigger pockets.com slash reply.
1:00.3	Okay, today's question. Our first one is from Jordan
1:05.1	Wisdom. I have a question on the Burr strategy.
	...

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