Real estate investing offers a roadmap to financial freedom, but it’s far from easy. If you’re feeling the stress of ownership, whether it’s due to a difficult tenant or unforeseen expenses, you may be ready to throw in the towel. But before you sell your investment property out of frustration, you’ll want to hear what Ashley and Tony have to say!
Welcome back to another Rookie Reply! Are you looking to increase rents? Choosing the right renovations is key, and in today’s episode, we’ll help you determine which projects to prioritize. We also talk about the one-percent rule—a popular benchmark investors use to determine whether a deal is good or bad. Should you buy a rental property that falls short of this golden number? Our answer might surprise you! Finally, we dive into turnkey properties, their pros and cons, and what you should know about them before you buy!
Ashley:
Let’s get your questions answered. I’m Ashley Care and I’m here with Tony j Robinson
Tony:
And welcome to the Real Estate Rookie podcast where every week, three times a week, we bring you the inspiration, motivation, and stories you need to hear to kickstart your investing journey. Now, today we’re diving back into the BiggerPockets forum to get your questions answered. Guys, the forms are the best place for you to quickly get all of your real estate investing questions answered by experts like me, like Ashton, and so many others who are active inside of those forms. So today we’re going to talk about someone who’s actually thinking about quitting real estate altogether. What renovations actually raise rents on a property, whether or not you should consider buying a turnkey rental, and would you buy a property that doesn’t actually follow the 1% rule?
Ashley:
So Tony, let’s go into the, I’m in the rehabbing and house flipping in the BiggerPockets forum section right now. Let’s pick a question out of there. Doucey a good one.
Tony:
Yeah, so I’ve got one here from…