How to Get a Contractor Bid Before Closing on a Property

Realtors often don't get a contractor bid before they close on the property. David says he used that as leverage to really hammer the seller on the price and get that down. "I never got it before I put it in contract, which I think is mistake people make," said David. 'It just puts Rob to sleep when he reads it at night'

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Think every housing market is too expensive to buy in? Think again. We’re going over two of the country’s biggest cash flow housing markets and showing why they may be your next best bet when buying rental property. And while, traditionally, cash flow real estate markets have been associated with constant turnover, low appreciation, and consistent headaches, these two markets defy the odds—if you know where to buy.

Peter Stewart, Indianapolis agent and investor, is on today to discuss why his underrated but surprisingly lucrative housing market deserves your dollars. He’s got clients doing BRRRRs, flips, and regular rental properties with crazy cash flow numbers and returns in the triple-digit percentages! Then we talk to Brandon Ribeiro, Philadelphia commercial agent who recently scored his buyer a rock-bottom mortgage rate (3%!) that will double the cash flow on his newest property.

Interested in investing in markets like this? Need a local expert to guide you through the buying process? Check out BiggerPockets Agent Finder to connect with an expert agent in your area. It’s completely free, and you’ll get matched with experts who can talk about cash flow, not just granite countertops.

In This Episode We Cover:

Two cash flow real estate markets with strong signs for buyers

The market metrics you MUST look at before buying in ANY area

The “danger” of investing in cash flow areas and what you MUST avoid when doing so

The 130% cash-on-cash return BRRRR that you can buy in THIS market

How to lock down a rock-bottom mortgage rate with seller-financing

And So Much More!

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