Episode 445

Rookie Reply: Preparing for a Market Crash, Ending Leases, & Building Teams

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! Looking to invest? Need answers? Ask your question on the BiggerPockets Forums!

Real Estate Rookie

August 16, 202432m 44s

Original episode page

Show Notes

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

Tony's BiggerPokckets Profile

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