The “Rookie to Real Estate Investor in 90 Days” series is back, and we’re checking in with three mentees as they go from newbies to highnetworth through real estate! Our mentees have been busy over the past couple of weeks, so Ashley and Tony dropped in on them to see how their rental property progress was going. They touch on how to make a lowball offer, pushing past the fear of getting an offer accepted, where to find motivated sellers, shortterm rental markets, and seller financing Q&As.

First up, Brandon joins us as the newest real estate rookie on the show. He’s yet to get his first deal done and is still looking to buy a property, but he’s finding that the price isn’t matching his profits. Ashley and Tony walk Brandon through how to make a lowball offer and why you should always submit a price that works for your numbers. Next, Lawrence shares how he’s been on the hunt for a sellerfinanced deal and is looking into new ways to find motivated sellers more likely to sell at a discount or with flexible terms.

Finally, we hear from Melanie, who had a bit of property panic as she searched for more shortterm rental markets to add to her list. After some research, she’s settled on a solid one and is currently looking for properties to make offers on. Her only question is how and why she should go for seller financing. Ashley and Tony give her all the details you’d need before going into a direct deal with the seller.

00:00 Intro
05:12 Narrowing His Buy Box
07:34 Roadblocks and Lowball Offers
11:37 Fear of Getting a Deal
16:10 Next Steps
17:11 Chasing Dead Deals
25:39 Staying Local
27:07 Next Steps
31:00 Refocusing and Property Panic
35:00 ShortTerm Rental Lead Time
36:59 Why Savannah?
40:59 Seller Financing Q&As

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Join BiggerPockets for FREE
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Join the Real Estate Rookie Facebook Group:
  / realestaterookie  
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Find an InvestorFriendly Agent in Your Area:
https://www.biggerpockets.com/agent/m...
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Use the BiggerPockets Rental Property Calculator on Your Next Deal:
https://www.biggerpockets.com/rental...
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Hear Our First Mentee Episode:
https://www.biggerpockets.com/blog/ro...
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The Definitive Guide to Using Seller Financing to Buy Real Estate:
https://www.biggerpockets.com/blog/20...
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The Top 3 Ways to Find Motivated Real Estate Sellers:
https://www.biggerpockets.com/blog/fi...
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Software Mentioned in Today’s Show:
AirDNA: https://www.airdna.co/biggerpockets
Landwatch: https://www.landwatch.com/
PriceLabs: https://hello.pricelabs.co/
PropStream: https://www.propstream.com/bp
Rabbu: https://rabbu.com/
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Connect with Brandon:
BiggerPockets: https://www.biggerpockets.com/users/b...
Instagram: @brandon.diorio or   / brandon.diorio  
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Connect with Lawrence:
BiggerPockets: https://www.biggerpockets.com/users/l...
Instagram: @lawrence_briggs or   / lawrence_briggs  
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Connect with Melanie:
BiggerPockets: https://www.biggerpockets.com/users/m...
LinkedIn:   / melaniewilmesher  
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/e...
Tony: https://www.biggerpockets.com/users/t...

Episode 257

Show notes at: https://www.biggerpockets.com/blog/ro...

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