Rookie Reply: Buying Your First Rental & the BEST Properties for Appreciation

Real Estate Rookie

You’re trying to buy your first rental property, but you keep losing out to buyers making cash offers and waiving inspections. Are you doing something wrong? In this episode, we’ll show you how to find more deals, improve your offers, and even be the first one to the party!

Welcome back to another Rookie Reply! One of the biggest perks of real estate investing is the home equity you build through loan paydown—money you can use to grow your real estate portfolio. But between cash-out refinancing, a home equity line of credit (HELOC), and selling your property, what’s the best way to pull your money out? Ashley and Tony are here to break down your options. Next, we’ll discuss the best properties to buy with appreciation as your main goal. Should you buy the cheaper home that needs renovations or the move-in-ready rental? Stick around as we compare these properties head-to-head!

Looking to invest? Need answers? Ask your question on the BiggerPockets Forums!

In This Episode We Cover:

How to calculate your purchasing power and build your buy box

How to find deals on the MLS (multiple listings service) that match your criteria

Creative strategies to help you source more off-market properties

Software, tools, and tips to help you manage and follow up on leads

Using the skip tracing method to find off-market property owners

And So Much More!

Links from the Show

Ashley's BiggerPockets Profile

Tony's BiggerPokckets Profile

Join BiggerPockets for FREE

Ask Your Question on the BiggerPockets Forums

Join BiggerPockets for FREE

Buy the Book “Real Estate Rookie: 90 Days to Your First Investment”

Find an Investor-Friendly Agent in Your Area

See Ashley and Tony at BPCON2024 in Cancun!

Real Estate Rookie - Episode 447: Making $300K+ Profit Per Rental and Scaling FAST with “DADUs”

(00:00) Intro

(00:41) apping Into Home Equity

(08:33) Investing for Appreciation

(14:24) How to Land Your First Property

(22:20) Where to Find Deals

(27:32) Send Us Your Question!

Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-454

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