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Real Estate Rookie

How to Find Off-Market Properties WITHOUT Cold Calling! (Rookie Reply)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.81.7K Ratings

🗓️ 25 October 2024

⏱️ 38 minutes

🧾️ Download transcript

Summary

Want to know how to find off-market properties WITHOUT cold calling and talking to sellers all day? Where is the best place to find furniture for your short-term rental or Airbnb? Is real estate wholesaling nearing its end as buyers and sellers get frustrated with these middlemen? It’s another Rookie Reply, so we’re taking these questions (and a few others) and answering them on this episode! First, if you have a long-term and short-term rental on the same lot, how do you keep the tenants and the guests from creating conflict? Plus, how do you furnish a short-term rental so you aren’t replacing couches every few months? To get a great deal like this in the first place, you might need to find off-market properties with undervalued prices. Do you go through a wholesaler or find off-market real estate deals yourself? We’ll share our advice for both! Looking to invest? Need answers? Ask your question on the BiggerPockets Forums! In This Episode We Cover: The MANY ways to find off-market real estate deals that don’t include cold calling  Why investors and sellers are starting to get frustrated with real estate “wholesalers”  Ashley and Tony’s favorite stores to find durable furnishings for your short-term rental Tony’s quick tip to avoid bed bugs in your rental property (it’s easy and cheap!) The first thing you should say when approaching a potential seller  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 Real Estate Rookie 468 - How to Start, Manage, and Scale an Airbnb Business in 2024 Real Estate Rookie 326 - The Step-by-Step Guide to Finding the BEST Off-Market Real Estate Deals Ask Your Question on the BiggerPockets Forums Ready to Find Deals? Grab the Book “Real Estate Deal Maker” Find an Investor-Friendly Agent in Your Area A New South Carolina Law Would Severely Crack Down on Wholesaling (00:00) Intro (01:14) STR and LTR on the Same Lot? (05:50) Best Furniture for Short-Term Rentals (09:30) How to Avoid Bed Bugs! (10:47) Is It WRONG to Wholesale Real Estate? (21:28) Advice for Wholesaling (23:35) How to Find Off-Market Deals (29:43) How to Approach Sellers (32:37) Post Your Question! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-475 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

Okay, let's get your questions answered. I'm Ashley Care and I'm here with Tony J Robinson.

0:07.5

And welcome to the podcast where every week, three times a week,

0:10.7

we bring you the inspiration, motivation, and stories you need to hear to

0:14.4

kick start your investing journey.

0:15.6

Now, today we're diving back into the BiggerPockets Forum to get your questions answered.

0:20.4

And guys, you're listening to the Real Estate Ricky podcast, you need to know that the forums,

0:24.2

the bigger pockets forums are the absolute best place for you to go to quickly get all of your

0:28.7

Ricky real estate investing questions answered by tons of experts.

0:32.2

So today, we're going to discuss

0:33.7

number one how to rent out both a single family home and an ADU and we'll define what

0:39.0

that is here in a minute but and an ADU and keeping all of your tenants happy.

0:42.6

We'll talk about if an into wholesaling is a reality

0:45.5

and what impact that would have for folks who are using that strategy.

0:48.4

And finally, we'll talk about how to approach finding off-market deals

0:52.2

and the best way to reach sellers.

0:54.1

Okay so our first question today is from the BiggerPockets Forum.

0:58.4

So if you have a question that you want us to answer or you want to reach out to the whole Bigger Pockets community and get your

1:05.0

question answered. You can go over to the BiggerPockets forums and check it

1:09.2

out. We got all types of investors to answer your questions or give their advice.

1:14.0

Okay, so this question we picked out here says,

1:17.0

I'm working on a new investment property.

1:20.0

It has a standard 1600 square foot 3-2 long-term rental, so 3 beds,

...

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