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434: Rookie Reply: Buying Your NEXT Rental & How to Save a Fortune on Renovations
Manage episode 429609516 series 2632451
Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Home renovation projects aren’t cheap, and it’s easy to let your budget spiral out of control if you’re not careful. Fortunately, we have several tips, tricks, and hacks that will help you save a fortune on your rehabs—from finding deals on materials to an investor hack that gives you money back every time you place an order!
Welcome back to another Rookie Reply! Are you investing out-of-state? We’ll show you how to find, vet, and manage contractors from miles away in today’s episode. Not sure if you’re ready to buy your next rental property? In this episode, we’ll break down a listener’s financials and help them (and you!) make the right choice. But that’s not all. Perhaps you’ve thought about renting by the room to help cover your mortgage but don’t know whether house hacking is for you. Make sure you listen to Ashley and Tony’s advice before diving in!
Looking to invest? Need answers? Ask your question on the BiggerPockets Forums!
In This Episode We Cover
The BEST places to find materials for your home renovation projects
How to save money on material orders with THIS investor hack
When to buy your NEXT property (and why you always need an exit strategy!)
How to find, vet, and manage contractors when investing out-of-state
What you MUST know before using the rent-by-the-room investing strategy
And So Much More!
(00:00) Intro
(01:01) Rent-By-The-Room Strategy
(08:30) BEST Places to Buy Materials
(16:35) Should I Buy Another Property?
(21:39) Managing Contractors Remotely
(34:32) Send Us Your Question!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-434
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
452 episodes
Share
Manage episode 429609516 series 2632451
Content provided by BiggerPockets. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BiggerPockets or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Home renovation projects aren’t cheap, and it’s easy to let your budget spiral out of control if you’re not careful. Fortunately, we have several tips, tricks, and hacks that will help you save a fortune on your rehabs—from finding deals on materials to an investor hack that gives you money back every time you place an order!
Welcome back to another Rookie Reply! Are you investing out-of-state? We’ll show you how to find, vet, and manage contractors from miles away in today’s episode. Not sure if you’re ready to buy your next rental property? In this episode, we’ll break down a listener’s financials and help them (and you!) make the right choice. But that’s not all. Perhaps you’ve thought about renting by the room to help cover your mortgage but don’t know whether house hacking is for you. Make sure you listen to Ashley and Tony’s advice before diving in!
Looking to invest? Need answers? Ask your question on the BiggerPockets Forums!
In This Episode We Cover
The BEST places to find materials for your home renovation projects
How to save money on material orders with THIS investor hack
When to buy your NEXT property (and why you always need an exit strategy!)
How to find, vet, and manage contractors when investing out-of-state
What you MUST know before using the rent-by-the-room investing strategy
And So Much More!
(00:00) Intro
(01:01) Rent-By-The-Room Strategy
(08:30) BEST Places to Buy Materials
(16:35) Should I Buy Another Property?
(21:39) Managing Contractors Remotely
(34:32) Send Us Your Question!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-434
Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
452 episodes
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Similar to Real Estate Rookie
Bitcoin pioneer Charlie Shrem peels back the layers on the lives and backgrounds of the world's most impactful innovators. Centering around intimate narratives, Shrem uncovers a detailed, previously unspoken story of the genesis and evolution of bitcoin, cryptocurrency, artificial intelligence, and the web3 movements. Join Shrem as he journeys through the uncharted territories of tech revolutions, revealing the human side of the stories that shaped the digital world we live in today.
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Want financial freedom through real estate investing? Then the BiggerPockets Real Estate Podcast is for you. Sit down every Monday, Wednesday, and Friday with Dave Meyer, the Head of Real Estate at BiggerPockets, as he uncovers tried and true tactics and shares candid conversations with real estate investors who are building wealth in today’s market. Join Dave to walk through deals that went right (and wrong) and learn the strategies you can deploy—start growing your side income today to tak ...
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continue reading
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