How important is the real estate market you’re investing in? You could be searching for deals for months, not finding anything worth buying, and may want to call it quits. But are you following the same steps that expert investors practice, or are you hoping a new housing market will magically give you the deals you need? If you’re struggling to find property with a profit in your housing market, today’s episode will help you out!
Welcome back to another Rookie Reply! In this episode, we tackle a handful of key topics—including when it makes sense to buy a property on your own and when to find a partner instead. Tony even shares about his own recent experience with partnerships and how he ended up pulling out of a deal that was headed towards a syndication! We also discuss the differences between real estate investing and REITs, as well as moving on from markets when you aren’t finding deals. Finally, we talk about inheriting tenants and when it’s better to buy a fully vacant property instead!
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
When to go solo on a deal and when to form a partnership
LLC operating agreements, joint venture agreements, and terms you MUST include
Strategies behind buying vacant properties or inheriting tenants
The difference between active real estate investing and REITs
Leveraging relationships to find the best markets to invest in
And So Much More!
Links from the Show
Find an Agent
Find a Lender
Join the Real Estate Rookie Facebook Group
Join BiggerPockets for FREE
Become a BiggerPockets Pro Member for Premium Market Analysis
On The Market Podcast
Sign Up for a BiggerPockets Bootcamp
Rookie Reply: How to Structure a Real Estate Partnership
Rookie Reply: How to Split Finances in a Partnership/Joint Venture
Connect with Ashley and Tony:
Ashley's BiggerPockets Profile
Ashley's Instagram
Tony's BiggerPockets Profile
Tony's Instagram
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-282
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Real Estate Rookie