What makes a great real estate market? If you’re a new investor, you might think that high rents and cheap home prices are all that matter, but you couldn’t be more wrong. Experienced investors search for more than just surface-level pricing when looking into where is worth investing. This is doubly true when you’re investing in short-term rentals and medium-term rentals—both of which require a specific area to succeed. So what would Ashley and Tony look for when scouting a new real estate market?

Happy Holidays and welcome back to another Rookie Reply! We hope you’ve got your presents wrapped and are ready for the greatest gift of all—Ashley Kehr’s singing voice…and some advice on real estate. This time around we’ve got a few technical questions that rookies may have trouble answering. These topics range from how to find the zoning on a rental property, whether to furnish your rental when renting by the room, when to hire an attorney for a real estate deal, and what makes the best real estate investing 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).

00:00 Intro
03:53 Should You Furnish Your Rental?
10:51 How to Check Zoning for a Property
14:23 What is My City Planning on Building?
19:58 Who Owns This House?
22:27 Do You NEED an Attorney?
29:12 What Makes a GREAT Rental Market?
36:35 Happy Holidays!

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Join BiggerPockets for FREE:
https://www.biggerpockets.com/signup?utm_source=owned_media
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
https://www.biggerpockets.com/agent/match?utm_source=owned_media
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Top 10 Real Estate Markets for Cash Flow in 2022:
https://www.biggerpockets.com/blog/best-real-estate-markets-for-cash-flow?utm_source=youtube&utm_medium=description&utm_campaign=none
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Awesomely Creative Ways to Furnish Your Short-Term Rentals on a Budget:
https://www.biggerpockets.com/blog/2016-05-21-think-outside-the-box-ways-furnish-short-term-rentals?utm_source=youtube&utm_medium=description&utm_campaign=none
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Grab Tony’s Short-Term Rental Shopping List:
https://therealestaterobinsons.com/shoppinglist/
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Hear Kara Beckmann’s New Christmas Album!
https://music.apple.com/us/album/christmas-with-you-ep/1654310267
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Shoot Ashley and Tony a Question on Instagram!
@wealthfromrentals or https://www.instagram.com/wealthfromrentals/
@tonyjrobinson or https://www.instagram.com/tonyjrobinson/

Episode 246

Show notes at: https://www.biggerpockets.com/blog/rookie-246?utm_source=youtube&utm_medium=description&utm_campaign=none

#biggerpockets #realestaterookie #rookie246