Going All Out to Secure Deal No. 1 (For Sale By Owner!) | Rookie Podcast 02

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  • Опубликовано: 4 дек 2024

Комментарии • 49

  • @danchevreux688
    @danchevreux688 4 года назад +13

    These rookie podcasts are gold! Thanks guys

  • @hunterlisk5773
    @hunterlisk5773 4 года назад +18

    I love the idea of this podcast! This is what I’ve been looking for for a while. Keep up the good work

    • @Felipemejiarei
      @Felipemejiarei 4 года назад +2

      Hunter Lisk will do thanks make sure to subscribe and download

  • @embeee2011
    @embeee2011 4 года назад +9

    Your video motivated me with an idea, so I just called someone who had an apartment for rent sign. I asked questions and had a good conversation. It was practice for getting over the fear of calling people. This exercise just gave me some confidence in getting over that hurdle. Thank you!

  • @TheFasterFreedomShow
    @TheFasterFreedomShow 4 года назад +5

    Love the drive and determination! That’s what it takes to make it big!

  • @shaneoneil894
    @shaneoneil894 4 года назад +12

    I love this. My rookie heart is touched.

    • @Felipemejiarei
      @Felipemejiarei 4 года назад +2

      we try

    • @shaneoneil894
      @shaneoneil894 4 года назад +2

      @@Felipemejiarei keep going. I'm aiming for my first deal this year. I discovered bigger pockets Jan this year and I know it will change my life eventually

  • @qmakesithappen
    @qmakesithappen 4 года назад +2

    This was a good interview, Tim is ready for the world! I really had to listen fast to keep up with him lol great job hosting guys!

  • @rdahomerenovations
    @rdahomerenovations 4 года назад +4

    Ashly and Felipe are rocking up there , thanks for the content!

  • @ilayadeguzman9111
    @ilayadeguzman9111 4 года назад

    I'm not even capable of investing but I'm helping my boyfriend the best I can by listening to you and following BP, one of the best times I'm having this quarantine. I wish we can talk to Tim's home inspector. More power guys!

  • @dwcromartie9280
    @dwcromartie9280 4 года назад +3

    I have a contract on my first investment property in Florida. Trying to upload all the knowledge I can. Great Podcast for newbies.

  • @tonymikolich5873
    @tonymikolich5873 4 года назад +5

    Some clarification please......how are people getting HELOCs on properties that are not their primary residence?

    • @ashleykehr3814
      @ashleykehr3814 4 года назад +4

      Hi Tony. I have a commercial mortgage line of credit on my investment property. It acts like a HELOC but is on the commercial side of lending. There is also a mortgage filed with the county and I had to pay mortgage tax. I can pull money on and off of it as needed, variable interest rate and interest only payments. I was able to get this with a small local bank.

    • @TrainForThePros
      @TrainForThePros 4 года назад +1

      Penfed credit union does HELOCS on rental property’s 80% ltv... they use software for the appraisal, if it comes in low you can pay for a real appraisal. Pretty sweet

  • @JamesHollowayYT
    @JamesHollowayYT 4 года назад +8

    I went all in on my first deal because (exhausting my savings account) because I knew I had a great deal! My first property cash flows me $600/mo (currently have two properties that together cash flow me $1100/mo), and I have a 15% equity position in the first property! I'm glad I did! I talk about my experiences and knowledge about real estate investing on my RUclips channel!

  • @ariannlane5313
    @ariannlane5313 4 года назад +3

    Love the advice on making a good phone call! Thank you!

  • @nyd3454
    @nyd3454 3 года назад

    I can’t wait to be on Real Estate Rookie ☺️

  • @itsmaricandjean
    @itsmaricandjean 4 года назад +1

    i am not an investor yet, but i literally just said out loud to my living room tv (while watching this of course haha), "I am a Real Estate Investor", and i got goosebumps all the way. There is really power in words and saying it to the universe. Thank you guys for this

  • @kingP2011
    @kingP2011 4 года назад

    Great content, this is much needed for the Rookie's like myself out there. Thank you BP! Much love to all with your dreams and goals!

  • @jimschwenk7469
    @jimschwenk7469 4 года назад

    Great idea getting away for a while to get one's head together. If this virus doesn't mess up my plans, I'm taking a week long solo retreat to St Maarten in April. And it's specifically to work on ME, meditations and fueling up my brain to finally grow my business this year. Time to take it to another level!

  • @akadhing129
    @akadhing129 4 года назад +6

    I love this podcast! Just curious, did you guys purposefully get someone who sounds like Brandon Turner? Haha!

  • @storyofscripture
    @storyofscripture 4 года назад +3

    Just applied to be on the show, would love to be on it!

  • @AdamCranmer
    @AdamCranmer 4 года назад

    Question...13 minute mark - There is discussion about "maybe I'll only put 5-10% down." Every investment property I've ever purchased was a minimum 20% with the bank. Is this conversation leaning more towards a cash buy with a loan origination after the rehab? What am I missing?

    • @gavadams4494
      @gavadams4494 4 года назад

      Vacation properties can be acquired for 10%d= down

  • @Rattle86
    @Rattle86 4 года назад

    Awesome show. Very humble guy!

  • @jorgelopezmoney5139
    @jorgelopezmoney5139 4 года назад

    Love this show !! Wow Tim talk a lot he don’t stop lol

  • @melodeelucido1446
    @melodeelucido1446 4 года назад

    What a delight Tim is :-D I CAN'T believe Felipe and Ashley hadn't heard of I Did it my Way LOL!!

  • @mairaasad4220
    @mairaasad4220 4 года назад

    How do get a heloc on investment properties. Do you get a commercial lender for that ?

  • @mattheweddy6086
    @mattheweddy6086 4 года назад

    Inspirational, thank you

  • @bossmonl.a2035
    @bossmonl.a2035 4 года назад +2

    #awesome 🔥

  • @MinaDKSBMSB
    @MinaDKSBMSB 2 года назад

    What's benefit of putting 20% down if it is an owner occupied loan?

    • @biggerpockets
      @biggerpockets  2 года назад

      Generally, people may prefer to put 20% down to avoid extra fees and also to lower their monthly payments. It all depends on what is best for your financial situation. Here's a breakdown of the FHA: ruclips.net/video/_XeHdaU7bbo/видео.html

  • @allentracy5794
    @allentracy5794 4 года назад +9

    Short story long...I don't think the hosts were needed on this one, Tim loves to talk ;-) Cool info though, hope it all goes really well for him.

    • @brykit1972
      @brykit1972 4 года назад +1

      He talks how I think. lol

  • @wutang23361
    @wutang23361 4 года назад

    Your thoughts on Oklahoma making wholesaling illegal?

    • @Burntwaffle9699
      @Burntwaffle9699 4 года назад

      wutang23361 good, the wholeselling industry in general is very shady.

  • @benjamingault2655
    @benjamingault2655 4 года назад +3

    First like!

  • @bossmonl.a2035
    @bossmonl.a2035 4 года назад +1

    Can these be a little shorter

  • @michaelcale272
    @michaelcale272 Год назад

    Practical common sense/ he was psychologically prepared

  • @rajm.5819
    @rajm.5819 3 года назад

    Felipe Mejia is still in the closet.