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115: The BRRRRent-to-Own Strategy: A Win-Win for Tenants and Landlords

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Manage episode 302895571 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.

What if you could own rental properties without the responsibility of landlording? Not only that, what if you were paid a hefty, non-refundable deposit for your home, minimizing your risk? Would you start investing under these circumstances?

If you like the sound of that, you’ll love the rent-to-own strategy, or as Today’s guest Jessica likes to call her framework, the BRRTOR (Buy, Rehab, Rent-to-Own, Repeat). Most landlords won’t offer rent-to-own to their tenants, not because they don’t want to, but because they don’t know it’s a possibility. This type of seller financing is what Jessica’s entire portfolio is built off of, and it has some major benefits for not only the landlord but the tenant.

Jessica also gives some great advice in our mindset segment, specifically relaying that a big part of real estate is making mistakes. Jessica has had some great deals in her real estate investing career, but not every one of them has turned out to be a superstar. The big takeaway for investors should be to start, make mistakes, learn from them, and do better!

In This Episode We Cover

Combining the BRRRR strategy and the rent-to-own strategy

How to vet tenants to find the best candidates for seller financing

The importance of putting ownership in the hands of a tenant

Finding homes that will profit in this highly competitive market

What to look out for when interviewing hard money lenders

Understanding that the first deal probably won’t be a home run

And So Much More!

Links from the Show

Real Estate Rookie Podcast

Real Estate Rookie Youtube Channel

Ashley's Instagram

Tony's Instagram

Real Estate Rookie FaceBook Group

BPCON2021

Facebook

Craigslist

MLS

Zillow

Check the full show notes here: https://www.biggerpockets.com/rookie115

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

403 episodes

Artwork
iconShare
 
Manage episode 302895571 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.

What if you could own rental properties without the responsibility of landlording? Not only that, what if you were paid a hefty, non-refundable deposit for your home, minimizing your risk? Would you start investing under these circumstances?

If you like the sound of that, you’ll love the rent-to-own strategy, or as Today’s guest Jessica likes to call her framework, the BRRTOR (Buy, Rehab, Rent-to-Own, Repeat). Most landlords won’t offer rent-to-own to their tenants, not because they don’t want to, but because they don’t know it’s a possibility. This type of seller financing is what Jessica’s entire portfolio is built off of, and it has some major benefits for not only the landlord but the tenant.

Jessica also gives some great advice in our mindset segment, specifically relaying that a big part of real estate is making mistakes. Jessica has had some great deals in her real estate investing career, but not every one of them has turned out to be a superstar. The big takeaway for investors should be to start, make mistakes, learn from them, and do better!

In This Episode We Cover

Combining the BRRRR strategy and the rent-to-own strategy

How to vet tenants to find the best candidates for seller financing

The importance of putting ownership in the hands of a tenant

Finding homes that will profit in this highly competitive market

What to look out for when interviewing hard money lenders

Understanding that the first deal probably won’t be a home run

And So Much More!

Links from the Show

Real Estate Rookie Podcast

Real Estate Rookie Youtube Channel

Ashley's Instagram

Tony's Instagram

Real Estate Rookie FaceBook Group

BPCON2021

Facebook

Craigslist

MLS

Zillow

Check the full show notes here: https://www.biggerpockets.com/rookie115

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

403 episodes

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