Rookie to Real Estate Investor: What to Do AFTER Closing on a House

Don’t know what to do AFTER closing on a house? You’ve found your market, done your due diligence, passed your inspections, and now you’re asking, “what’s next?” Two of our three mentees are about to close on their first (and next) rental properties, but they don’t have to go in blind, thanks to the expert guidance of experienced investors Ashley and Tony. But we’re not just talking about a post-closing checklist. Instead, we’ll get into the nitty-gritty of getting a new short-term rental, how to handle inherited tenants, when to switch your investing strategy, and what happens when you discover a BIG plumbing problem in a property.
We’re back to conclude our final meeting with our ninety-day mentees. Brandon, Lawrence, and Melanie have made MASSIVE strides to become real estate investors. Brandon and Melanie come back with deals under contract and close to closing, while Lawrence is looking to switch up strategies and potentially re-enter the cash-flowing world of college rentals. All the mentees have taken significant steps to success in just three months, and you can do it too!
Stick around if you’re trying to get your next rental property under contract, as Brandon, Lawrence, and Melanie discuss why having community, accountability, and pressure for success took their investing to the NEXT LEVEL. If you want to break through your biggest goals, sign up for BiggerPockets Pro today and join our next Real Estate Rookie Bootcamp (Links Below)!
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Join BiggerPockets for FREE 👇
www.biggerpockets.com/signup?...
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Join the Real Estate Rookie Facebook Group:
/ realestaterookie
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Find an Investor-Friendly Agent in Your Area:
biggerpockets.com/agentmatch
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Sign Up for BiggerPockets Pro:
www.biggerpockets.com/members...
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Get on the Waitlist for the Next BiggerPockets Bootcamp:
www.biggerpockets.com/blog/re...
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Grab Tony’s Short-Term Rental Shopping List:
therealestaterobinsons.com/sh...
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Hear Our Past Mentee Episodes:
Part 1: www.biggerpockets.com/blog/ro...
Part 2: www.biggerpockets.com/blog/ro...
Part 3: www.biggerpockets.com/blog/ro...
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Connect with Brandon:
BiggerPockets: www.biggerpockets.com/users/b...
Instagram: @brandon.diorio or / brandon.diorio
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Connect with Lawrence:
BiggerPockets: www.biggerpockets.com/users/l...
Instagram: @lawrence_briggs or / lawrence_briggs
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Connect with Melanie:
BiggerPockets: www.biggerpockets.com/users/m...
LinkedIn: / melanie-wilmesher
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Connect with Ashley and Tony on BiggerPockets:
Ashley: www.biggerpockets.com/users/e...
Tony: www.biggerpockets.com/users/t...
Episode #269
Show notes at: www.biggerpockets.com/blog/ro...
00:00 Intro
03:39 A New Savannah Short-Term Rental!
10:05 Building Your Short-Term Rental Rules
19:10 Inherited Tenants and Managing the Property
24:28 BIG Plumbing Problems
31:11 Pivoting to College Rentals
35:32 Rookie to Real Estate Investor
41:53 Connect with the Mentees!

[@lawrencebriggs]

Thank you Ashley and Tony 🤗

[@lawrencebriggs]

Congratulations Brandon and Melanie 🙌🏾🙌🏾

[@lawrencebriggs]

This was a great series! 🙌🏾🙌🏾

[@javiermejia2716]

I am a contractor in Houston, TX and I do exactly what Tony said about sending over the inspection reports to the contractor to get an estimate.

[@lawrencebriggs]

Awesome!

[@TJ-th9hw]

Congratulations to Melanie, Brandon and Lawrence for a job well done! Ps. Lawrence your next investment property is on your street! 👍👍

[@lawrencebriggs]

Thank you so much 🙌🏾🙌🏾