Rookie Reply: Preparing for a Market Crash, Ending Leases, & Building Teams
Description
As a new investor, a strong real estate team is crucial to your success—especially when you’re looking to land your first deal, complete your first rehab project, or invest out-of-state. In today’s episode, we’ll show you how to find investor-friendly agents, lenders, contractors, and other key players!
Welcome back to another Rookie Reply! What should you do when a tenant wants to break their lease? We’ll provide you with a plan of action, as well as some necessary terms to include in your lease agreements so that you’re protected in the future. Next, could we be headed for another housing market crash? No one knows for certain, but Ashley and Tony will show you how to prepare for the worst and adjust your investing strategy during a downturn. Finally, you always need an exit strategy when working with partners or private money lenders. Stay tuned for some creative ideas that will keep you from getting in hot water!
In This Episode We Cover:
How to build your own real estate investing team from scratch
What to do when a tenant wants to terminate their lease
Why fear of an economic downturn shouldn’t stop you from investing
Whether we’re headed for another housing market crash (and how to prepare)
Why you always need an exit strategy for partnerships and financing
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Build Your Investor-Friendly Team
Buy “The Book on Rental Property Investing”
Find an Investor-Friendly Agent in Your Area
See Ashley and Tony at BPCON2024 in Cancun!
Build Your Team for Real Estate Investing
(00:00 ) Intro
(00:54 ) How to Build Your Team
(08:02 ) Terminating a Lease
(14:17 ) Is a Housing Crash Incoming?
(22:15 ) Exit Strategies 101
(29:12 ) Send Us Your Question!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-445
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
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