Choosing the Right Partner and Lease Option Process | 17min snip from Real Estate Rookie

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335: 8 Rentals in UNDER 1 Year: A Rental Property Financing Masterclass w/Tim Yu

Real Estate Rookie

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CHAPTER

Choosing the Right Partner and Lease Option Process

The speaker discusses their experience of partnering with someone for real estate deals in Oklahoma, where they used the lease option process. They highlight the importance of finding the right partner and explain the lease option process in detail.

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Buying eight rental units in under one year—how is that even possible? By the time you’re done with this episode, you’ll know how to fund any rental property purchase, no matter how much money or experience you have. And if Tim Yu can build a rental property portfolio AND do multiple house flips in less than twelve months when he had close to nothing in his bank account this time last year, you can, too.

Tim is a true Real Estate Rookie. He spent over a year listening to every episode of the show on his way to and from work. After getting fed up with analysis paralysis, Tim threw in a lowball offer on a potential BRRRR (buy, rehab, rent, refinance, repeat) property. His offer was accepted! The problem? He had NO money to buy it. Fast forward a year; Tim has done ten deals, owns eight rental units, and is getting closer to leaving his W2 job.

In this episode, Tim reviews EVERY (and we mean EVERY) type of rental property financing. From hard money loans to credit cards, selling off retirement accounts, and partnerships. Whether you’ve got the funds or not, Tim will walk through EXACTLY how to get your first (or next) rental property!

In This Episode We Cover:

Rental property financing 101 and how to invest in real estate with no money

Creative financing, subject to, and doing deals WITHOUT using banks

How to instantly boost the cash flow on your long-term rental property

Investing with partners and where to meet the most legit ones

Crooked contractors and how to avoid getting scammed on your first rehab

And So Much More!

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