589: 10 Actionable Steps Anyone Can Follow to Buy a Rental Property
BiggerPockets Real Estate Podcast
BiggerPockets
4.8 • 16.5K Ratings
🗓️ 29 March 2022
⏱️ 53 minutes
🧾️ Download transcript
Summary
Want to know how to buy a rental property? If rising home prices, rent prices, and fierce market competition have you struggling to get something under contract, your real estate saviors, David Greene and Rob Abasolo are here to help. In 2022’s hot housing market, it can seem almost impossible for new real estate investors to get their foot in the door. But, if you follow what the experts are doing, you may be able to lock up your next investment while other buyers are stuck in bidding wars.
Whether you’re wondering how to buy your first rental property or your next rental property, David and Rob have answers for you. They’ve partnered up to buy luxury short-term rental properties in sunny Arizona, all while recording the exact steps they’re taking to land a deal. If you’re already investing in real estate, some of these steps may seem familiar to you, but the gems that David and Rob drop are rarely discussed (and incredibly helpful).
So, if you’re ready to start your real estate investing journey, build wealth, rake in cash flow, and build passive income, you’re in the right place. David and Rob define their ten steps to investing success so you can spend less time analyzing deals and more time collecting rent checks.
In This Episode We Cover:
How to define your investment criteria so you can find deals that fit your needs
Working with a partner and keeping the line of communication open
Blocking off time so you (and your partners) can focus on crossing the finish line
What to look for in a real estate agent and how to communicate to them what you want
Writing your offer with multiple strategies in mind so you can beat the competition
How to not become “emotionally attached” to deals that look too good to be true
And So Much More!
Links from the Show
Quickly find a local, investor-friendly real estate agent who can help you find, analyze, and close your next deal using the Agent Finder
Connect with Rob and David:
Check the full show notes here: https://www.biggerpockets.com/blog/real-estate-589
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Transcript
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| 0:00.0 | This is the bigger pockets podcast show 589. |
| 0:05.2 | What I look for is me. |
| 0:07.7 | So I think I'm a good realtor |
| 0:09.4 | because I buy a lot of real estate. |
| 0:11.1 | So if you come to me and you say, |
| 0:12.3 | David, I want to buy real estate, |
| 0:13.6 | I'm not looking at a thumb perspective of a salesperson. |
| 0:16.3 | I'm looking at it from the perspective |
| 0:17.9 | of someone who wants to help build your wealth. |
| 0:19.8 | I like to work with other realtors |
| 0:22.0 | who also own real estate and who like real estate. |
| 0:25.3 | They don't have to be a realtor. |
| 0:26.8 | They want to be a realtor. |
| 0:28.9 | This is David Green, your host of the bigger pockets real estate podcast. |
| 0:30.9 | Here today with my co-host Rob, Robilt, Abisolo. |
| 0:43.2 | How's it going today, Rob? |
| 0:44.5 | Oh, it's going good, man. |
| 0:45.5 | Just in the throes of putting together offers and negotiations |
| 0:49.1 | and renegotiations and triple renegotiations. |
| 0:52.1 | But I think we're getting to some closure here, |
| 0:54.1 | which I'm really excited to share with the audience at home. |
| 0:56.0 | Yes. |
... |
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