250: Rookie Reply: 2023 Risks, The True Cost of Owning Rentals, and Live Q&A w/Pace Morby & Jamil Damji

The real estate market is changing, especially in high-appreciation cities like Phoenix, Arizona. This week, Ashley and Tony made the journey to the Valley of the Sun to visit real estate rookies for a live podcast recording. But it wasn’t just the rookies coming out; expert investors like Jamil Damji and Pace Morby also swung around to answer questions about creative financing, the 2023 housing market, multifamily investing, and more. They give some killer insight that only off-market masters know, and their input could help you score better deals over the next year.

As always with a Rookie Reply, we also take questions from the Real Estate Rookie Facebook group, the Rookie Request Line, and Instagram to see what’s on investors’ minds. This time, we’ve got questions on how real estate wholesaling works, the best way to reject an agent or lender (without burning bridges), the true cost of owning a rental property, and the risks and rewards of using a dual real estate agent. This episode comes packed with rental property gold, so stick around!

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 (1-888-5-ROOKIE).

In This Episode We Cover

Creative financing strategies in 2023 and how investors are starting to take advantage

How to find a real estate investing partner that will grow your business faster

The safest way to invest in multifamily real estate (without using your own money)

The best place to find real estate and housing market data (check out On the Market)

Costs that go into owning a rental property and what many rookies overlook

The dangers and benefits of using a dual agent on your next real estate deal

How real estate wholesaling works and the two ways to close a wholesale deal

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

Ashley's Instagram

Tony's Instagram

BiggerPockets

Real Estate Rookie Facebook Group

Airbnb

Dave Meyer's Instagram

BiggerPockets Rental Property Calculator

On The Market Podcast

5 Tools To Unlock Your “Ideal Life” w/ “Traction” Author Gino Wickman

LandWatch

Privy

Zillow

Crexi

Connect with Pace & Jamil:

Jamil's BiggerPockets Profile

Pace's BiggerPockets Profile

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-250

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