Need to know whether flipping vs. renting makes more sense for your market? Don’t know if you can put offers on multiple houses simultaneously? Itching to hear how your flipping profits will affect your financeability on your next property? We’ve got time-tested real estate experts here to help you out! As always, Ashley and Tony are here to host this week’s Rookie Reply, but we’re also joined by Jake Kain, Arizona investor and agent who left the W2 life to start building a rental property and live in flip empire!
Jake lends a helping hand in answering this week’s questions but also shares his own story about following your fire, starting a community, and how to become the “quarterback” of any real estate meetup. He’s expanded his network at lightning speed, allowing him to grow his portfolio to five units, all while flipping his own primary residences along the way. Jake helps answer questions about making offers on multiple houses, flipping vs. renting, how your DTI (debt-to-income ratio) could be impacted when house flipping, and where to find general contractors who will show up on time!
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).
Ashley:
This is Real Estate Rookie, episode 254.
Jake:
Yeah, I think another thing, not to just keep coming back to the networking idea, but finding out what other people are doing, that’s a huge insight for me, is just continuing to talk to everybody in our group and seeing what everybody else is doing, educating yourself as much as possible. For those that are familiar with The Cromford Report, we follow that, they’re very highly watching the Phoenix market in general. So just do your education, talk to people and just kind of stick the basics.
Ashley:
My name is Ashley Kehr, and I am here with my co-host, Tony Robinson.
Tony:
And welcome to the Real Estate Rookie Podcast, where every…