Rookie Reply: How to Beat Cash Buyers, Tenant Brawls, and Appraisal Tips
A cash offer almost always gets a seller's attention. Whether someone comes in low or high, the prospect of a smooth closing without any loan contingencies is often more than enough to get a deal done. But what if you don’t have stacks of cash lying around? Maybe you’re trying to get your first rental property or house hack with a conventional, FHA, or VA loan. How do you set yourself apart from the hotshot who roles in and offers all cash without any appraisal necessary? Worry not because Ashley and Tony have done it dozens of times before.
Welcome back to this week’s Rookie Reply, where we take questions directly from Instagram, Facebook, the BiggerPockets Forums, and our Rookie Request Line. This week, we talk about how to beat cash offers, what to do when tenants in the same property start disputing, and appraisal tips to get your home valued higher. We also touch on how to network, make better connections, and build genuine relationships with other investors in your area!
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
What to do when an appraisal comes back lower than you expected
Using comps (comparable properties) to boost your home’s value in an appraiser’s eye
Handling tenant disputes, and whether or not you’re liable if the argument gets physical
The three things that motivate a seller when listing a property (and how to use them to get better deals)
Beating cash buyers and using speed and price to your advantage
Networking tips for new investors (even if you’ve never been to a real estate meetup)
And So Much More!
Links from the Show
Connect with Ashley and Tony:
Check the full show notes here: https://www.biggerpockets.com/blog/rookie-228
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