Mortgage Pre-Approvals 101 & Out-of-State Investing Tools You NEED

Mortgage Pre-Approvals 101 & Out-of-State Investing Tools You NEED

Episode #358

Out-of-state investing is a great option if you’re looking to venture beyond your backyard, but finding the perfect market can be a challenge. Not to worry—our hosts have been in your shoes before and are here to help you navigate this big decision!

Welcome back to another Rookie Reply! In this episode, Tony and Ashley offer their best tips, tricks, and tools for choosing a real estate market. They also get into the nitty-gritty of the mortgage pre-approval process. What is a pre-approval, when should you get one, and does it affect your credit score? Stay tuned to find out! Next, they discuss holding costs, including some of the different ways to fund these expenses. Finally, they talk about security cameras, and Tony even shares two instances when they helped save the day on his properties!

If you want Ashley and Tony to answer a real estate question, you can post in the Real Estate Rookie Facebook Group, call us at the Rookie Request Line (1-888-5-ROOKIE), or click here: https://www.biggerpockets.com/reply?utm_source=youtube&utm_medium=description&utm_campaign=none

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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:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
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Submit Your Real Estate Rookie Question!
https://www.biggerpockets.com/reply?utm_source=youtube&utm_medium=description&utm_campaign=none
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Your Step-by-Step Guide to Buying Out-of-State Investment Properties:
https://www.biggerpockets.com/blog/biggerpockets-podcast-515?utm_source=youtube&utm_medium=description&utm_campaign=none
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Looking to Invest Out-of-State? Here’s How to Pick and Analyze a City:
https://www.biggerpockets.com/blog/2015-05-10-invest-out-of-state-how-to-analyze-a-city?utm_source=youtube&utm_medium=description&utm_campaign=none
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Tools to Help You Find Your Market:
NeighborhoodScout: https://www.neighborhoodscout.com/
BrightInvestor: https://www.brightinvestor.com/
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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/

Show notes at https://link.chtbl.com/Rookie

00:00 Intro

01:29 Getting Pre-Approved for a Loan

09:11 How to Fund Holding Costs

14:59 Out-of-State Investing 101

23:40 Do You Need Security Cameras?

30:19 Send Us Your Question!


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