Episode #428

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Most investors buy rental properties for cash flow, and the fear of losing money keeps many rookies on the sidelines. How can you be certain that you’re going to make a profit before you buy? Today, Ashley and Tony will show you how to do your due diligence so you don’t get stuck with a problematic property!

Welcome to another Rookie Reply! Property expenses are a necessary evil of real estate investing, but in this episode, we’ll show you how to stop these costs from ruining your cash flow. But that’s not all. We also offer tips for managing rehab projects and staying on budget, from building a detailed scope of work to implementing tools and software that will help you stay organized throughout your project. Should you list your rental property online? We discuss the benefits of creating a Google Business profile, and finally, we settle the great debate between paying cash for a property and taking out a mortgage!

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group, call us at the Rookie Request Line (18885ROOKIE), or click here: https://www.biggerpockets.com/reply?u...'>https://www.biggerpockets.com/reply?u...

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Show notes at https://link.chtbl.com/Rookie


00:00 Intro

01:25 Will My Deal Cash Flow?

08:17 How to Manage a Rehab Project

17:14 Listing Your Property on Google

26:04 Paying Cash vs. Getting a Mortgage

37:12 Send Us Your Question!