What Most Rookies Get Wrong When Picking a Rental Market (Rookie Reply)

Once you’ve decided you want to invest in real estate, the questions only get harder. How do you choose a real estate market? How much will repairs really cost? Should you turn the house you already own into a rental property? We’ve all been there! Stay tuned and we’ll steer you in the right direction!Welcome back to another Rookie Reply! Today’s questions come straight from the BiggerPockets Forums. First, an investor has a down payment for a house hack but doesn’t know where to buy. This is a common rookie struggle, but we’ll show you how to find the right neighborhood!Next, we’ll share some of the best (and most accurate) ways to estimate rehab costs so your next renovation project stays on budget. Finally, maybe you’re wondering what to do with your primary residence. Should you leverage your home equity? Should you convert your home into a rental? What about selling it to put a larger amount down? We’ll help you make sense of all your options! Ashley: Chris and Ksenia were new parents with demanding careers and a goal that still felt years away. Build something that could eventually give their family more control over their time. Their first rental was supposed to be a straigh...