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The 1% Rule, Turnkey Rentals, and Escrow Accounts …

Is the 1% rule in real estate still relevant? Who shouldn’t be buying turnkey rentals? And why is an escrow account favorable for scaling real estate investors? All these questions and more are coming up in this Rookie Reply.

We’re back at BPCon 2022, and joining us is fellow investor and turnkey operator, Zach Lemaster. You may have heard Zach’s episode on the BiggerPockets Real Estate Podcast or maybe you’ve used his turnkey company, Rent to Retirement, before!

Zach helps us answer an array of questions, some from semi-passive turnkey investors and some from active investors. We touch on investor lines of credit and how to secure them, the 1% rule’s relevance in 2022, whether or not to get preapproved before finding a deal, buying off-market, and much more! Zach also poses three questions every investor should ask BEFORE investing in turnkey rentals.

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).

This is Real Estate Rookie episode 230.

I think when a lot of people start shopping for investment properties, especially the rookie investor that’s just building out their criteria. It’s okay not to have all of your criteria in the very beginning because I think that’s a dynamic process. But often they’re looking at proformas and looking at properties and trying to mash that to make sense for them instead of coming up with their criteria first and I think you build that over time. But it’s all about taking action at the end of the day and critiquing your investing goals.

My name is Ashley Kehr and I’m here with my co-host Tony Robinson.

And welcome to the Real Estate Rookie Podcast where every week, twice a week we bring you the inspiration, information and stories you need to hear to kickstart your investing journey. We always like to start these episodes by shouting out some folks from the Rookie…

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