How to Buy Multiple Rental Properties a Year + Auctions 101 (Rookie Reply)
Description
Want to build your rental portfolio FAST? Today, we’re teaching you how to buy multiple rental properties per year, the best tips to raise rents while keeping tenant turnover low, and what to know before you start buying houses at auction. Each of these topics will help you not only build a real estate portfolio but also keep it profitable so you can reach financial freedom and realize your goals faster!
Since it’s a Rookie Reply, you know that these are all real questions coming directly from real estate rookies, just like you. First, an investor wants to know how to buy multiple houses per year, especially when you’re locked into an owner-occupied mortgage. While you may not be allowed to move for at least a year, we’ve got some strategies to help you buy rentals on the side. Next, what happens when you’ve inherited tenants paying under-market rent? How do you raise rents without increasing vacancy? Finally, buying homes at auction may be a killer strategy to find deeply discounted real estate deals, but there are some red flags you MUST know about before you bid...
Looking to invest? Need answers? Ask your question on the BiggerPockets Forums!
In This Episode We Cover:
How to buy multiple houses a year using primary and investment property loans
Our best tips to make (or keep) more money so you can invest even faster
Inheriting tenants and how to raise rents without causing tenant turnover
Buying properties at auction and the non-refundable deposit that you must be aware of
Why you always (always!) should budget more for home renovations on auction-bought houses
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Real Estate Rookie Facebook Group
Rookie 463 - The “Lazy” Landlord’s Guide to Finding (And Keeping) Tenants & Raising Rents
Protect Your Properties with an LLC through Corporate Direct
Grab the Book “Real Estate Partnerships”
Find Investor-Friendly Lenders
Rookie 127 - Buying Property While Stationed Overseas (and a $40k Rookie Mistake!) w/Angel Garcia
(00:00 ) Intro
(00:57 ) Buy Multiple Rental Properties a Year?
(06:39 ) How to Raise Rents
(14:13 ) Buying a House at Auction
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-478
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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