Yes, You Should Start Lowballing Offers (Buyers in Control!) (Rookie Reply)

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 14 November 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

You’re seeing houses sit on the market for longer. Now could be your chance to snag an underpriced rental property. But your agent doesn’t know if lowballing is the best move. Should you take advantage of this frozen housing market and go for a steep price cut, or get on the seller’s side with a slightly lower offer? Ashley is feeling aggressive. And in this episode, she’s about to tell you why. We’re back with another Rookie Reply where we take your questions and answer them live on the show. First, a new investor wants to partner on a short-term rental with her friend, but this multifamily deal will also serve as the friend’s primary residence. Can you legally do this? Will a bank allow both of them to be on the loan and take on the debt? Ashley has done something similar before and shares the exact setup. An agent/investor combo has a client who wants to seriously lowball some sellers. The 2025 housing market is cooling, so is now the time to submit a rock-bottom offer? Finally, a new-build investor runs out of money and asks, “How do all these 20-year-olds buy 15 properties in a year?” Tony shares an underrated way to get capital for investments and repeat the process over and over. Looking to invest? Need answers? Ask your question here! In This Episode We Cover: Why you should be submitting lowball offers on overpriced/stale listings How to form a partnership when you and your friend are buying a rental together Do NOT deposit a bunch of money into your partner’s account for the down payment (here’s why) Ran out of cash but want to keep growing? Here’s how to get your investing capital Why you should not care about “door count” and worry much more about this And So Much More! Check out more resources from this show on ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠BiggerPockets.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ and ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.biggerpockets.com/blog/rookie-640 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	What if your very first offer gets rejected?
0:03.3	Not because of price, but because you insulted the seller.
0:07.3	Today we're breaking down three questions.
0:09.1	Every Ricky investor needs to hear from partnerships to lowball offers to avoiding classic beginner mistakes.
0:20.4	This is The Real Say Rookie Podcast. I'm Ashley Kerr. And I'm Tony J. Robinson. And with that,
0:25.5	let's get into today's first question. Okay, so our first question today comes from Jackie in the
0:30.2	Bigger Pockets Forms. Jackie says, I'm new to real estate investing. I currently have one long-term
0:35.5	rental and I've been wanting to get into short-term rentals.
0:38.2	I have a friend who is looking to move from her rental home to her first home to purchase,
0:43.1	and I wondered if we could buy a small multifamily home with her living in one unit and then short-term rent the other units.
0:49.6	We have just started talking about this, and she's very interested in doing it so far.
1:14.6	Also, we both have W-2s, so we could split the workload and both potentially benefit from the tax advantages and income. We would have a lot to talk about and a lot to learn and research to do before embarking on this, but I'm looking forward to the process. My question is, if we buy this together, how should it be structured? I'm presuming the partnership should be in some form of LLC. Since she would be living in one unit, could we get a mortgage for a primary residence with the structure? Could we both qualify as materially participating as
1:19.3	long as we both put in the hours? All right, so a lot of questions here, right? So there's
1:23.0	questions on how should it be structured? What are the limitations if the friend is living in this as a
1:28.0	primary residence and then material participation? So I guess let's talk about the structure first.
1:35.3	And actually, maybe you can start, right? Because you and your sister did something similar
1:38.4	where, you know, it was her primary residence, but you guys both bought the deal together.
1:43.1	How did you structure that with, you know,
1:45.0	primary residence plus joint real estate venture?
1:48.2	Yeah.
1:48.5	And there actually is a very big difference between buying with a friend and buying
1:54.4	with a family member.
	...

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