246: Rookie Reply: The 3 Signs of a Perfect Rental Property Market

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).

In This Episode We Cover

Whether or not furnishing a room when house hacking is worth the cost

Where to locate your property’s zoning and how to see what counts as “allowable use”

How to find out what your town is planning on developing/building so you know where to buy

The three signs of a fantastic rental property investing market

When it makes sense to hire a buyer’s attorney, and which deals require it

What it means when a home is owned by the Chamber of Commissioners

And So Much More!

Links from the Show

Find an Investor-Friendly Real Estate Agent

Real Estate Rookie Facebook Group

Real Estate Rookie YouTube channel

Kara Beckmann’s New Christmas Album

Tony’s Short-Term Rental Shopping List

Facebook Groups

BiggerPockets

Connect with Ashley And Tony:

Ashley's Instagram

Ashley's BiggerPockets Profile

Tony's Instagram

Tony's BiggerPockets Profile

Check the full show notes here: https://www.biggerpockets.com/blog/rookie-246

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