YFP Real Estate Investing 47: 5 Things to Know Before Walking a House with Your Realtor
Real estate agent, Carly Swihart, discusses five things to know before walking a house with your realtor.\xa0\xa0
Key Points From This Episode
- Introducing Carly Swihart and how she accidentally found her love of real estate.
- Diving into the five things investors need to know before walking a house.
- Having a good relationship with a lender and knowing what your options are.
- The difference between pre-approval and pre-qualified.
- Carly's top advice to first-time local investors on how to get specific with what you want.
- Property condition, timelines, identifying your risk appetite, and more.
- How she coaches a client who's feeling a little overwhelmed.
- Unpacking the importance of order and timing when it comes to repairs.
- How she walks the line of price points and ballpark figures when it comes to repairs.
- The importance of knowing your numbers before setting foot on the property.
- Getting an agent who is honest and also knows all the factors to get creative with.\xa0
- Looking at your property as a bank and working backward from there.
- How Carly makes sure she's working on the business and not in the business.
- Her top two resources in this journey: BiggerPockets and great mentorship.
- Closing advice around using your imagination to role play a deal and see how you feel.
Links Mentioned in Today\u2019s Episode