Foreclosures have slowly been creeping up as real estate values get hit hard. With home prices dropping and a tough economic forecast ahead, could a wave of foreclosures be on the horizon? If so, who will this affect the most—residential real estate investors like Ashley and Tony or commercial real estate investors with their million-dollar multifamilies? We’ll get into what exactly could happen in this week’s Rookie Reply!
Ashley and Tony have taken four very different questions this week, directly from real estate rookies like you! They touch on how an upcoming foreclosure crisis brings an opportunity to real estate investors, who covers closing costs and where to find a purchase and sale agreement, home appraisals explained, and how to get funding for your home renovation or rehab! These answers are crucial if you’re looking to invest in 2023, so make sure you tune in!
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
Could flipping be in danger as interest rates rise and foreclosures start to increase?
Where to find a purchase and sale agreement when buying an off-market deal
Who pays closing costs and how to negotiate for better terms with a seller
Home appraisals explained and how to ensure the appraiser gives your home the highest value possible
Funding renovations for BRRRRs and flips, and creative ways to finance your deals
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Real Estate Rookie Facebook Group
Real Estate Rookie Podcast
BiggerPockets Forums
On The Market Podcast
Legaltemplates.net
BiggerNews March: How a Surge of Foreclosures Will Impact the Housing Market w/Auction.com’s Daren Blomquist
Connect with Ashley and Tony:
Ashley's Instagram
Ashley's BiggerPockets Profile
Tony's Instagram
Tony's BiggerPockets Profile
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-242
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!
Learn more about your ad choices. Visit megaphone.fm/adchoices
