How to Get Started in Real Estate

Ashley: If you just want to do one deal with somebody, a joint venture is the way to go. She says it's your lot less liability towards each other. "You'll see this continuously as a huge advantage of leveraging other people and their resources"

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How important is the real estate market you’re investing in? You could be searching for deals for months, not finding anything worth buying, and may want to call it quits. But are you following the same steps that expert investors practice, or are you hoping a new housing market will magically give you the deals you need? If you’re struggling to find property with a profit in your housing market, today’s episode will help you out!

Welcome back to another Rookie Reply! In this episode, we tackle a handful of key topics—including when it makes sense to buy a property on your own and when to find a partner instead. Tony even shares about his own recent experience with partnerships and how he ended up pulling out of a deal that was headed towards a syndication! We also discuss the differences between real estate investing and REITs, as well as moving on from markets when you aren’t finding deals. Finally, we talk about inheriting tenants and when it’s better to buy a fully vacant property instead!

If you want Ashley and Tony to answer a real estate question, you can 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

When to go solo on a deal and when to form a partnership

LLC operating agreements, joint venture agreements, and terms you MUST include

Strategies behind buying vacant properties or inheriting tenants

The difference between active real estate investing and REITs

Leveraging relationships to find the best markets to invest in

And So Much More!

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