We’ve got THE “secret” to getting more cash flow from your rental property. Ready? Put more money down! It’s an obvious solution, but is putting 30%, 40%, or more really the best use of your cash? In this episode, we’ll get into all of the different things you should consider before putting more money down on your next investment property!
Welcome to another Rookie Reply! Ashley and Tony are back with three new questions from the BiggerPockets Forums. First, we’ll tackle a question many rookies have, especially when looking for off-market deals: Do you need a Realtor? Another investor claims the only way to find cash flow in their current market is by making a bigger down payment and self-managing the property. The problem? This gives them a much lower cash-on-cash return. Stay tuned as we share some other options they’re probably not thinking about!
Next, what do you do when a borrower ghosts you? Whether you’re lending private money or seller financing, it’s crucial to handle this type of situation properly (and legally). We’ll show you how!
Ashley:
If you ever wondered if you really need a realtor to buy an investment property, or have you ever thought about putting 40% down and self-managing making it a smarter move? Well, today we’re going to break that down along with what do you do when a borrower ghosts you? This episode will help you avoid costly missteps and move forward with confidence. This is The Real Estate Rookie Podcast. I’m Ashley Kehr.
Toni:
And I’m Tony J. Robinson. And before we jump into the first question, let’s just give Ashley a big shout out from being so hip that she knows what six seven is. And if you don’t have a kid between the ages of probably, I don’t know, eight and 18, you might not know what that is, but look it up, give yourself a good laugh of going down the wormhole, trying to figure out what it means because we don’t even know what it means. We just know that we should be saying
Ashley:
It. We…