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Episode Description
You've got very little savings, almost no credit history, and you want to buy a rental property. Most people would tell you to wait, but today, we’re giving you clear, actionable steps you can take toward getting that first property under contract!
Welcome back to another Rookie Reply! Today, we’re answering three questions that cover the anatomy of a first deal: where the money comes from, where the deal comes from, and what it will really cost you.
First, suppose you have no money or credit. Can you still invest in real estate? Another investor wants to know if wholesalers are worth using, and finally, we’ll hear from an actual wholesaler who’s looking for the best ways to estimate rehab costs so he can deliver deals investors actually want to buy!
Tony explains why finding great real estate deals is the number one tool every rookie needs in their toolbelt, and Ashley shares a wholesale real estate strategy that nobody in the industry is using yet!!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover
How to invest in real estate when you have low money and no credit
How to save for your first down payment (fast!)
The best investing strategy for buying rentals with low money down
The wholesaling strategy explained (and how to buy a wholesale deal)
How to estimate rehab costs as a complete beginner
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-742.
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