Short YouTube monologue (May 2024) advising first-time rental property buyers not to rely solely on real estate agent referrals because of potential conflicts of interest (agents may pay referrals). Recommends obtaining multiple referrals and interviewing inspectors/appraisers to choose the best fit. Includes a short CTA to follow for more tips.
Hey Danny, what are some of the most common mistakes that people make when buying their first rental property? Do not rely solely on your real estate agent's referrals. Not all real estate agents are created equal like inspectors or appraisers. We've seen real estate agents pay the people that they refer, which incentivizes the inspector to say this is a good property to buy when it might not be a good property at all. So to avoid any shady stuff, always get multiple referrals and interview them to determine who is the best fit for you. Follow for more real estate tips.
Physicians and High Earners — What Real Estate Can and Can't Do for Your Taxes
