#121: Real-estate pros David Greene and Rob Abasolo join Chris to help you master the entire home buying process from start to finish. They discuss essential considerations before buying a home, tax advantages, strategies for finding the right agent and ways to optimize the due diligence process. They also cover effective tactics for writing and negotiating offers, common oversights during inspections, and different financing options.
David Greene (@DavidGreene24) and Rob Abasolo (@Robuilt) co-host the #1 real estate podcast BiggerPockets Real Estate (@BiggerPockets). David is a seasoned real estate investor, having successfully acquired, rehabilitated, and managed over 50 properties. He also leads an award-winning mortgage company and a high-performing real estate agent team. Meanwhile, Rob, best known as the "king of short-term rentals", is a versatile real estate investor and a 12-time Airbnb Superhost.
Link to Full Show Notes: https://allthehacks.com/mastering-home-buying
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Resources Mentioned
BiggerPockets Real Estate Podcast: YouTube | Apple Podcasts | Spotify | Instagram
David Greene: The One Brokerage | Website | Instagram
Rob Abasolo: YouTube | Instagram
All The Hacks Episodes:
Fractional Vacation Homes: Pacaso
Real Estate Agent Stanley Lo’s Website: Green Banker
Federal Financing: Fannie Mae & Freddie Mac
Mortgage Interest As A Deductible Interest Expense (Scroll To Bottom)
Full Show Notes
(04:00) Essentials to Consider Before Getting into Real Estate
(05:35) Tax Advantages for Real Estate Investors
(08:51) The Secret Sauce to Becoming a Genius Real Estate Investor
(10:03) The Process of Working with a Seller’s Agent
(12:19) Finding the Perfect Agent
(14:52) The Importance of Hiring an Agent Who Owns Real Estate
(19:42) Hiring an Agent Based on Numbers vs. Personality
(22:40) Why Agents Should Have a Rolodex of Vendors
(23:54) Tactics for Negotiating
(25:38) Things to Consider When Looking at a Listing
(27:47) Analyzing How Long a House Has Been on the Market
(29:10) Hot Markets: Finding a Hot Home Before It's Hot
(30:46) Strategy to Approach Agents When You’re Looking to Buy a House
(32:56) Tactics for Finding a Super Connected Agent
(34:02) The Importance of the Brand Behind the Agent
(39:18) Optimizing the Due Diligence Process to Find the Right Home
(40:38) Secret Contingencies for Homes in Hot Markets
(44:46) Common Things Missed During Inspections
(51:21) Calling the Seller's Home Inspector for Clarifications
(52:55) Rapid Fire Hacks from Chris
(55:45) Quick Wins for Negotiating
(57:35) Financing for Home Buyers
(59:33) Adding Brokers into the Equation
(1:01:57) What Makes a Jumbo Loan
(1:02:52) A Good Percentage to Put Down for a Loan
(1:04:49) Maximizing Mortgage Interest as a Deductible Interest Expense
(1:06:59) Keeping Documents in One Place
(1:09:49) Homeowner’s Insurance
(1:16:18) Last Bits of Wisdom
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