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358: Rookie Reply: Loan Pre-Approvals & Picking an Out-of-State Investing Market

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Podcast by BiggerPockets

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 submit a question here, 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:

Finding the perfect market for investing out-of-state

When to start the pre-approval process for a new home loan

How to pay for holding costs (and which lenders will fund them!)

How to land the IDEAL loan for your real estate niche

When to install security cameras across your rental properties

And So Much More!

Links from the Show

Find an Agent

Find a Lender

Ashley’s BiggerPockets Profile

Ashley’s Instagram

Tony’s BiggerPockets Profile

Tony’s Instagram

Real Estate Rookie Facebook Group

Join BiggerPockets for FREE

Ask Us Your Investing Question

Apply to Be a Guest on the “Real Estate Rookie” Podcast

Grab Your Copy of “Start with Strategy” and Use Code “STRATEGY356” for a 10% Discount

Sign Up for the Real Estate Investing Virtual Summit

Your Step-by-Step Guide to Buying Out-of-State Investment Properties

Looking to Invest Out-of-State? Here’s How to Pick and Analyze a City

Tools to Help You Find Your Market:



Check the full show notes here:

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