Cash-Out Refinancing 101 & Getting Your Rental Offer Accepted NOW

Episode #324

Creative finance can be a powerful tool to help you get YOUR first property in the bag. In this episode, Ashley and Tony explain the biggest differences between hard money, private money, and traditional lending, as well as which options will make your offer irresistible to a seller!

Welcome back to another Rookie Reply! If you need capital for a new deal, you might consider partnering with a parent. Of course, like any investing partnership, it’s critical that you structure it properly and include all important terms in your agreement. Our hosts will show you how! They also cover cash-out refinancing in detail, including how it works and how much money you can pull from a property. Finally, they talk about using wasted space in your investment property to make more cash flow! Do you need to pull permits? Will you get caught if you don’t? Stick around ‘till the end to find out!

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?u...

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Join BiggerPockets for FREE:
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Join the Real Estate Rookie Facebook Group:
  / 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?u...
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Grab Your Copy of “Real Estate Partnerships” and Use Code “ASHLEY” or “TONY” for a Discount:
https://biggerpockets.com/partnerships
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What Is Creative Financing And How to Use It in Real Estate: https://www.biggerpockets.com/blog/cr...
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What Investors Should Know About the Home Inspection Process:
https://www.biggerpockets.com/blog/th...
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Follow Patrick and Danielle McGrath on Instagram:
@rentalpropertycouple or   / rentalpropertycouple  
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/e...
Tony: https://www.biggerpockets.com/users/t...
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Shoot Ashley and Tony a Question on Instagram!
@wealthfromrentals or   / wealthfromrentals  
@tonyjrobinson or   / tonyjrobinson  


00:00 Intro

03:21 Creative Financing 101

20:22 Partnering with Your Parents

26:13 Build Wealth with "Wasted Space"

35:54 Cash-Out Refinances Explained

40:56 Send Us Your Question!