5: Doing Deals While Quarantined with Jeremy, Kristen, and Rafael

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 1 April 2020

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Yes, newbies ARE still closing deals out there. This week, we talk to three up-and-coming investors who either recently closed or are currently under contract on investment properties. Despite entire parts of the economy being shut down, real estate continues to be classified as "essential" -- and Jeremy Goldizen (Avon, OH), Kristen Johnson (Columbia, SC), and Rafael Estrada (Denver, CO) are all taking advantage. This episode was streamed as a Facebook live, so our audience pitches in and puts some timely questions to our guests and hosts. How did Jeremy score a 55% discount on a house he plans to BRRRR? How did Kristen find the wholesaler who brought her the perfect rental property? And how did Rafael shift his strategy when coronavirus hit and flipping no longer looked like such a great idea? Hit play, and get answers to all those questions and more. Next week, we'll be talking about how to screen and work with tenants in the current environment. You won't want to miss that one... so subscribe to Real Estate Rookie in your favorite podcast app, and we'll see you next Wednesday! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the real estate rookie show number five.
0:04.0	So I talked to my agent.
0:10.0	I'm like, listen, I need to release a contract
0:12.0	or I'm offering something like 20
0:14.0	grand for this house and she just kind of laughed she's like yeah you're not gonna get
0:17.0	that so I'll send you the contract like all right cool so an hour later she calls me and
0:21.3	she just like is laughing she's like oh my god they took
0:24.5	$20,000 I'm like what what yeah yeah she's like they took 20 grand she's like I
0:29.1	never would have thought they would have taken $20,000 she's's been doing this for, you know, 15, 20 years,
0:34.7	her and her husband.
0:35.5	They have 60 rentals themselves.
0:36.7	She's like, I want this for $20,000.
0:41.5	I'm Ashley Kerr, and I'm here with my co-host Felipe Mejia who's here to give us a full
0:47.0	weather report from Daytona Beach, Florida.
0:50.0	I always get nervous about what you're going to say. I'm like okay how is she
0:55.7	going to introduce how are we going to play this out I got to be ready so I'm like
0:59.8	looking around what is she forecast? It is beautiful out here.
1:05.0	I actually rented a small hotel room by the beach for this recording.
1:09.0	I was super excited about it.
1:10.0	Maybe, you know, got rid of the parent.
1:12.0	I have the ocean behind me it's 85 and sunny it's a
1:15.2	gorgeous day but it's kind of sad though because there's no one on the beach for good reason
	...

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