709: Everything a New Investor Should Know BEFORE Closing on a Property

<p><strong>Before buying a rental property</strong>, <a href="https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide" rel="noopener noreferrer" target="_blank">real estate investing</a> can seem scary. Only experienced landlords know how to deal with<strong> closing delays, overbudget rehabs, and tenant issues</strong>. But that doesn’t mean you have to come in blind on your first real estate investment. If you have the proper knowledge, expectations, and systems set up, you can <strong>build a real estate portfolio faster </strong>than the rest, which is what <strong>Ashley Kehr</strong>, author of <a href="https://store.biggerpockets.com/products/real-estate-rookie" rel="noopener noreferrer" target="_blank"><em>Real Estate Rookie: 90 Days To Your First Investment</em></a>, did.</p><p>Ashley hosts the <a href="https://www.biggerpockets.com/podcasts/real-estate-rookie" rel="noopener noreferrer" target="_blank"><strong><em>Real Estate Rookie Podcast</em></strong></a>, where she interviews new investors who have had one or a few successful deals. She’s seen what it takes for someone to <strong>go from bystander to investor</strong> and wants to make sure you can<strong> purchase your first investment property</strong> too. On today’s show, Ashley walks through her <strong>pre-closing checklist</strong>, where she details everything from <strong>due diligence</strong> to <strong>budgeting renovations and rehabs</strong>, how to<strong> negotiate with sellers</strong>, <strong>where to find insurance</strong> and more.</p><p>This is just a brief glimpse at everything you can find in Ashley’s new book, and combining these <strong>golden nuggets</strong> with what is shared in <em>Real Estate Rookie</em> will get you on a faster path to landlord life and <strong>passive income</strong>. So, if you’ve been waiting to invest or feeling like you don’t know what you don’t know, this may be the perfect episode to start. Tune in, grab the new book, and<strong> get ready to make some property purch