Still waiting to buy your first rental property? Everyone’s been there. It can be nerveracking not knowing where to buy, what makes a “good deal,” and whether or not all your hard work will go to waste. Even investing experts like Ashley and Tony were nervous about taking their first step, which is exactly what they’ll walk through on today’s episode! If you’re a rookie sitting on the sidelines, waiting to get into real estate, this is the episode for you!

Welcome back to another Rookie Reply! In this episode, we share exactly how to close an offmarket deal when there’s no real estate agent involved. Ever wondered how our hosts went from real estate rookies to real estate pros? Today, they share their first deal diaries. Learn how Ashley ended up buying the first property she EVER looked at and how Tony bought his first two properties with ZERO money down. Finally, we touch on the struggles of analyzing deals when you’re just starting out, as well as choosing the right insurance policies for shortterm rentals!

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group! Or, call us at the Rookie Request Line (18885ROOKIE).

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Join BiggerPockets for FREE:
https://www.biggerpockets.com/signup?...
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Join the Real Estate Rookie Facebook Group:
  / realestaterookie  
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Find an InvestorFriendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Analyze Your Real Estate Deals with BiggerPockets Rental Calculator: https://www.biggerpockets.com/rental...
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2 LongDistance Rentals with $0 Down with Tony Robinson:
https://www.biggerpockets.com/blog/ro...
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Don’t Lose Your Portfolio to Lawsuits! Here’s How to Protect Yourself: https://www.biggerpockets.com/blog/ro...
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Asset Protection for Rookies: 7 WealthSaving Answers from an Expert: https://www.biggerpockets.com/blog/ro...
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How to Invest in Real Estate with NO Money OR Credit:
https://www.biggerpockets.com/blog/ro...
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Get Competitive Insurance Options for Your ShortTerm Rental:
BiggerPockets: https://get.biggerpockets.com/nreig/
Steadily: https://www.steadily.com/
Proper Insurance: https://www.proper.insure/
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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...
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Shoot Ashley and Tony a Question on Instagram!
@wealthfromrentals or   / wealthfromrentals  
@tonyjrobinson or   / tonyjrobinson  

Episode #284

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

00:00 Intro
02:45 Ashley’s First Deal
09:56 Tony's First Deal
17:03 Analyzing a Property
21:56 Paperwork for OffMarket Deals
33:42 Insuring ShortTerm Renta