The Ultimate Home Buying Guide: Finding Deals, Picking an Agent, Tax Strategies, Negotiating Offers and More with David Greene and Rob Abasolo

All the Hacks with Chris Hutchins

Chris Hutchins

Business, Education, Investing, Society & Culture, Places & Travel, Self-improvement

4.7 • 1.4K Ratings

🗓️ 21 June 2023

⏱️ 83 minutes

🔗️ Recording | iTunes | RSS

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Summary

#121: Real-estate pros David Greene and Rob Abasolo join Chris to help you master the entire home buying process from start to finish. They discuss essential considerations before buying a home, tax advantages, strategies for finding the right agent and ways to optimize the due diligence process. They also cover effective tactics for writing and negotiating offers, common oversights during inspections, and different financing options. David Greene (@DavidGreene24) and Rob Abasolo (@Robuilt) co-host the #1 real estate podcast BiggerPockets Real Estate (@BiggerPockets). David is a seasoned real estate investor, having successfully acquired, rehabilitated, and managed over 50 properties. He also leads an award-winning mortgage company and a high-performing real estate agent team. Meanwhile, Rob, best known as the "king of short-term rentals", is a versatile real estate investor and a 12-time Airbnb Superhost. Link to Full Show Notes: https://allthehacks.com/mastering-home-buying Partner Deals Athletic Greens: Free 1 year supply of Vitamin D and 5 free travel packs Fabric: Affordable term life insurance for you and your family Notion: Try Notion AI free to automate tedious tasks and streamline your work Inside Tracker: 20% off personalized wellness & nutrition plans backed by science Pacaso: Free early access to listings and $2,500+ in closing credits Resources Mentioned BiggerPockets Real Estate Podcast: YouTube | Apple Podcasts | Spotify | Instagram #730: How To Start A Real Estate Portfolio With Just $10K #689: Landlord Tax Loopholes That'll Help You Pay ZERO Taxes in 2022 w/ Matt Bontrager David Greene: The One Brokerage | Website | Instagram Book: Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rob Abasolo: YouTube | Instagram All The Hacks Episodes: #104: Optimizing Your Insurance Policies (Auto, Home/Renters, Umbrella, Life, Disability, Pet, and Travel) #91: Die With Zero: Net Fulfillment Over Net Worth Fractional Vacation Homes: Pacaso Real Estate Agent Stanley Lo’s Website: Green Banker Federal Financing: Fannie Mae & Freddie Mac Mortgage Interest As A Deductible Interest Expense (Scroll To Bottom) Full Show Notes (04:00) Essentials To Consider Before Getting Into Real Estate (05:35) Tax Advantages For Real Estate Investors (08:51) The Secret Sauce To Becoming A Genius Real Estate Investor (10:03) The Process Of Working With A Seller’s Agent (12:19) Finding The Perfect Agent (14:52) The Importance Of Hiring An Agent Who Owns Real Estate (19:42) Hiring An Agent Based On Numbers Vs. Personality (22:40) Why Agents Should Have A Rolodex Of Vendors (23:54) Tactics For Negotiating (25:38) Things To Consider When Looking At A Listing (27:47) Analyzing How Long A House Has Been On The Market (29:10) Hot Markets: Finding A Hot Home Before It's Hot (30:46) Strategy To Approach Agents When You’re Looking To Buy A House (32:56) Tactics For Finding A Super Connected Agent (34:02) The Importance Of The Brand Behind The Agent (39:18) Optimizing The Due Diligence Process To Find The Right Home (40:38) Secret Contingencies For Homes In Hot Markets (44:46) Common Things People Miss During Inspections (51:21) Calling The Seller's Home Inspector For Clarifications (52:55) Rapid Fire Hacks From Chris (55:45) Quick Wins For Negotiating (57:35) Financing For Home Buyers (59:33) Adding Brokers Into The Equation (1:01:57) What Makes A Jumbo Loan (1:02:52) A Good Percentage To Put Down For A Loan (1:04:49) Maximizing Mortgage Interest As A Deductible Interest Expense (1:06:59) Keeping Documents In One Place (1:09:49) Homeowner’s Insurance (1:16:18) Last Bits Of Wisdom

Transcript

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0:00.0	Hello, and welcome to another episode of All the Hacks, a show about upgrading your
0:05.6	life, money, and travel.
0:07.4	I'm Chris Hutchins, and today we have something a little different in store for you, and
0:11.1	I think it's pretty awesome.
0:12.9	So it all started when I thought about doing an episode about how to optimize the entire
0:17.0	home buying experience, and I mean all of it.
0:20.0	Agents, listings, diligence, inspections, financing, offers, and everything in between.
0:25.4	So while I've gone through this process twice, I wanted to make sure we had it all covered.
0:29.9	Including what you might do differently in today's market.
0:33.2	So I reached out to David Green and Rob Abbasolo who hosts the number one real estate podcast
0:38.4	out there, bigger pockets real estate, which I've listened to on so many occasions.
0:43.5	They are 10 times more knowledgeable than I am in the space.
0:46.7	David is a real estate investor with over a decade of experience.
0:50.1	He's bought, rehabbed, and managed more than 50 properties.
0:53.4	He runs an award-winning mortgage company and a top-producing real estate agent team.
0:58.4	Rob is also a real estate investor and a 12-time Airbnb super host who is often called
1:03.6	the king of short-term rentals.
1:05.9	Between the three of us, we should leave no hack unturned, but please reach out to me
1:09.9	if we do so I can make sure to share it on an upcoming episode.
1:13.5	And one more thing.
1:14.7	This episode isn't just coming out on all the hacks, but we broke it down into a three-part
1:19.2	series on the bigger pockets feed as well, which is helpful context for the way we interact
	...

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