Intro

This chapter explores the complexities of assessing real estate deals with a focus on a rental property with limited cash flow. It underscores the significance of incorporating all costs and the impact of partnering with turnkey providers for informed investment decisions.

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Episode notes

Anyone can analyze a rental property, but if you’re not careful, it’s easy to overlook significant costs that wipe out your cash flow and put you in the red. Thankfully, we’ve got some timely tips that will help you avoid these critical mistakes!

Welcome to another Rookie Reply! Ashley and Tony are back with more questions from the BiggerPockets Forums and BiggerPockets Facebook groups. Worried that your “good” real estate deal might not be a good deal after all? We’ll show you some of the things you must account for before you buy! Next, we’ll discuss the ins and outs of real estate partnerships. Whose name should go on the mortgage? How do you ensure that both parties own the property? We have the answers!

Finally, how do you make an offer on a property you haven’t seen? What if you receive a low appraisal? We’ll show you how to find “boots on the ground” in any market, renegotiate with the seller, and close on your property for a great price!

Looking to invest? Need answers? Ask your question here!

In This Episode We Cover:

Costs you must account for when analyzing a rental property

The biggest pros and cons of turnkey real estate investing

How to properly budget for capital expenditures, maintenance, and repairs

Why you need a five-year exit plan when structuring a partnership

How to find “boots on the ground” when investing out of state

Renegotiating with the seller after receiving a low appraisal

And So Much More!

Links from the Show

Ashley's BiggerPockets Profile

Tony's BiggerPockets Profile