What to do when a borrower ghosts you

We’ve got THE “secret” to getting more cash flow from your rental property. Ready? Put more money down! It’s an obvious solution, but is putting 30%, 40%, or more really the best use of your cash? In this episode, we’ll get into all of the different things you should consider before putting more money down on your next investment property!

Welcome to another Rookie Reply! Ashley and Tony are back with three new questions from the BiggerPockets Forums. First, we’ll tackle a question many rookies have, especially when looking for off-market deals: Do you need a Realtor? Another investor claims the only way to find cash flow in their current market is by making a bigger down payment and self-managing the property. The problem? This gives them a much lower cash-on-cash return. Stay tuned as we share some other options they’re probably not thinking about!

Next, what do you do when a borrower ghosts you? Whether you’re lending private money or seller financing, it’s crucial to handle this type of situation properly (and legally). We’ll show you how!

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

In This Episode We Cover

Cash flow versus cash-on-cash return (and which one is more important)

How to increase your cash flow without putting more money down

Whether you need a real estate agent when buying an investment property

When to self-manage your rental property (or hire a property manager!)

What to do when a borrower stops paying you back (private money or seller financing)

And So Much More!

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