Managing Credit: Lessons from Unpaid Bills and Removal Strategies

This chapter explores how minor unpaid debts can significantly affect credit scores, backed by personal stories of challenges with lenders. It also offers practical advice on managing debts and improving credit reports through deletion letters.

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Finding an investment property in preforeclosure can feel like uncovering a diamond in the rough, as the seller may be more motivated to get a deal done faster and for less. However, there’s one crucial thing you should be aware of BEFORE you take action on your end. Hint: you could pay a few extra costs to score a RARE deal!

Welcome back to another Rookie Reply! In this episode, Ashley and Tony talk about buying properties in preforeclosure—including when it makes sense to buy a property “subject to.” They also go over the most important data points to analyze when choosing your market, as well as how to avoid jumping the gun when listing a new property for rent. Finally, home renovation projects can be tricky when you’re an out-of-state investor. Our hosts share how they purchase materials, as well as their go-to investing hack that will save you a fortune!

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:

What you MUST know before buying a property in preforeclosure

When it makes sense to buy a property subject to (and pay the extra costs!)

Critical data points you MUST include in your market analysis

How to buy materials for home renovation projects when investing out-of-state

How to list your investment property for rent (and pitfalls to avoid!)

The investing hack that will save you a TON of money on materials

And So Much More!

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