Signs It’s Time to Ditch Your Real Estate Market

Episode #282

How important is the real estate market you’re investing in? You could be searching for deals for months, not finding anything worth buying, and may want to call it quits. But are you following the same steps that expert investors practice, or are you hoping a new housing market will magically give you the deals you need? If you’re struggling to find property with a profit in your housing market, today’s episode will help you out!

Welcome back to another Rookie Reply! In this episode, we tackle a handful of key topics—including when it makes sense to buy a property on your own and when to find a partner instead. Tony even shares about his own recent experience with partnerships and how he ended up pulling out of a deal that was headed towards a syndication! We also discuss the differences between real estate investing and REITs, as well as moving on from markets when you aren’t finding deals. Finally, we talk about inheriting tenants and when it’s better to buy a fully vacant property instead!

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).

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Join BiggerPockets for FREE:
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Join the Real Estate Rookie Facebook Group:
https://www.facebook.com/groups/realestaterookie
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Become a BiggerPockets Pro Member for Premium Market Analysis:
https://www.biggerpockets.com/membership-types?utm_source=owned_media
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Get Up-To-Date Housing Market Data with the “On the Market” Podcast:
https://www.biggerpockets.com/podcasts/on-the-market?utm_source=owned_media
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Sign Up for a BiggerPockets Bootcamp:
https://www.biggerpockets.com/blog/real-estate-investing-bootcamps?utm_source=youtube&utm_medium=description&utm_campaign=none
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Rookie Reply: How to Structure a Real Estate Partnership:
https://www.biggerpockets.com/blog/rookie-174?utm_source=youtube&utm_medium=description&utm_campaign=none
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Rookie Reply: How to Split Finances in a Partnership/Joint Venture: https://www.biggerpockets.com/blog/rookie-podcast-82?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/echopm?utm_source=youtube&utm_medium=description&utm_campaign=none
Tony: https://www.biggerpockets.com/users/tonyr75?utm_source=youtube&utm_medium=description&utm_campaign=none
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Shoot Ashley and Tony a Question on Instagram!
@wealthfromrentals or https://www.instagram.com/wealthfromrentals/
@tonyjrobinson or https://www.instagram.com/tonyjrobinson/

Show notes at: https://www.biggerpockets.com/blog/rookie-282?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro
03:04 Invest Solo or Partner Up?
15:44 Real Estate Syndications
21:45 REITs Vs. Real Estate Investing
30:09 Moving On From a Market
36:06 Vacant Properties Vs. Inheriting Tenants