How to Buy Multiple Rental Properties a Year + Auctions 101 (Rookie Reply)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 1 November 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Want to build your rental portfolio FAST? Today, we’re teaching you how to buy multiple rental properties per year, the best tips to raise rents while keeping tenant turnover low, and what to know before you start buying houses at auction. Each of these topics will help you not only build a real estate portfolio but also keep it profitable so you can reach financial freedom and realize your goals faster! Since it’s a Rookie Reply, you know that these are all real questions coming directly from real estate rookies, just like you. First, an investor wants to know how to buy multiple houses per year, especially when you’re locked into an owner-occupied mortgage. While you may not be allowed to move for at least a year, we’ve got some strategies to help you buy rentals on the side. Next, what happens when you’ve inherited tenants paying under-market rent? How do you raise rents without increasing vacancy? Finally, buying homes at auction may be a killer strategy to find deeply discounted real estate deals, but there are some red flags you MUST know about before you bid... Looking to invest? Need answers? Ask your question on the BiggerPockets Forums! In This Episode We Cover: How to buy multiple houses a year using primary and investment property loans Our best tips to make (or keep) more money so you can invest even faster Inheriting tenants and how to raise rents without causing tenant turnover Buying properties at auction and the non-refundable deposit that you must be aware of Why you always (always!) should budget more for home renovations on auction-bought houses And So Much More! Links from the Show Ashley's BiggerPockets Profile Tony's BiggerPokckets Profile Join BiggerPockets for FREE Real Estate Rookie Facebook Group Rookie 463 - The “Lazy” Landlord’s Guide to Finding (And Keeping) Tenants & Raising Rents Real Estate Rookie YouTube Protect Your Properties with an LLC through Corporate Direct Grab the Book “Real Estate Partnerships” Find Investor-Friendly Lenders Rookie 127 - Buying Property While Stationed Overseas (and a $40k Rookie Mistake!) w/Angel Garcia (00:00) Intro (00:57) Buy Multiple Rental Properties a Year? (06:39) How to Raise Rents (14:13) Buying a House at Auction Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-478 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	Let's get your questions answered. I'm Ashley Care and I'm here with Tony J. Robinson.
0:05.8	And welcome to the podcast where every week, three times a week, we bring you the inspiration,
0:10.4	motivation, and stories you need to hear to kickstart your investing journey. And today, guys,
0:14.2	we're diving back into the Bigger Pockets forums to get your questions answered. Now, guys,
0:18.2	if you're a real estate rookie or even if you're not a rookie, the forms are
0:21.3	the best place for you to quickly get all of your real estate investing questions answered
0:24.7	by so many other real estate investing experts.
0:27.5	Now today, we're going to discuss how to grow your portfolio in 12 months or less, the best
0:33.1	way to increase rents and an off-market sourcing strategy that not enough people were taking
0:37.9	advantage of. Now, before we jump in, we want to thank Corporate Direct. This episode is sponsored
0:42.5	by Corporate Direct. We want you to protect your properties with an LLC and let Corporate
0:46.8	Direct take care of the paperwork. Go to BiggerPockets.com slash direct for a free 15-minute
0:52.6	consultation and 100 bucks off if you mentioned the podcast.
0:56.5	Now, let's get into the show.
0:57.7	Okay, so the first question we found this week in the forums is, how do people buy multiple
1:03.8	houses a year?
1:05.2	I'm new to investing and was curious how people buy multiple houses in one year.
1:09.7	With my VA home loan, I have to live in the
1:12.7	house for a year before I move out. Would be cool if I could split the VA loan and buy two houses
1:18.3	in the same year. So Tony and I have, neither one of us are eligible to use a VA loan. But we do know a little bit about this. And yes,
1:30.5	that's correct. You have to live in a property for one year with your VA home loan in order to be
1:37.0	eligible for the VA loan. The part of the reason they don't let you split it and buy two houses
	...

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