
7: 6 Things New Investors Should Be Doing Right Now
If you've been telling yourself, "I'll invest in real estate when prices come down," well... that time may be coming.So, what should rookie real estate investors be doing now to prepare?Today we outline six action items—from shoring up your financial position to making yourself an attractive partner. Also, we bring back the "Rookie Request Line" so you can hear Ashley and Felipe's answers to a few questions from the audience.If you feel stuck, fearful, or just restless while you're cooped up inside... then check out this episode and take action!If you're enjoying the show, please take 30 seconds to give us an honest review on Apple Podcasts.See you next Wednesday!In This Episode We Cover:How to secure long-term debt nowHow to make yourself bankableWhy now is the perfect time to practice analyzing dealsWhy you should take a fresh look at your tenants' leasesHow to make yourself an attractive real estate partnerWhat balloon payments are and how to plan for themEmergency preparedness proceduresGetting your mindset right before jumping into real estate investingAnd SO much more!Links from the ShowReal Estate Rookie Facebook GroupDave RamseyApartments.comRookie Podcast 03: Coronavirus Crash? Dos and Don’ts from Recession Veterans Joe Asamoah and Steve RozenbergRookie Podcast 06: The Ultimate Beginners Guide to Tenant Screening with Lucas HallCheck the full show notes here: http://biggerpockets.com/rookie7
Show Notes
If you've been telling yourself, "I'll invest in real estate when prices come down," well... that time may be coming.
So, what should rookie real estate investors be doing now to prepare?
Today we outline six action items—from shoring up your financial position to making yourself an attractive partner. Also, we bring back the "Rookie Request Line" so you can hear Ashley and Felipe's answers to a few questions from the audience.
If you feel stuck, fearful, or just restless while you're cooped up inside... then check out this episode and take action!
If you're enjoying the show, please take 30 seconds to give us an honest review on Apple Podcasts.
See you next Wednesday!
In This Episode We Cover:
- How to secure long-term debt now
- How to make yourself bankable
- Why now is the perfect time to practice analyzing deals
- Why you should take a fresh look at your tenants' leases
- How to make yourself an attractive real estate partner
- What balloon payments are and how to plan for them
- Emergency preparedness procedures
- Getting your mindset right before jumping into real estate investing
- And SO much more!
Links from the Show
- Real Estate Rookie Facebook Group
- Dave Ramsey
- Apartments.com
- Rookie Podcast 03: Coronavirus Crash? Dos and Don’ts from Recession Veterans Joe Asamoah and Steve Rozenberg
- Rookie Podcast 06: The Ultimate Beginners Guide to Tenant Screening with Lucas Hall
Check the full show notes here: http://biggerpockets.com/rookie7
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