703: The 6-Step Guide to Buying Your FIRST Rental Property
BiggerPockets Real Estate Podcast
BiggerPockets
4.8 • 16.5K Ratings
🗓️ 20 December 2022
⏱️ 77 minutes
🧾️ Download transcript
Summary
Don’t think you know how to buy a rental property? Give us just one hour of your time, and you’ll be able to score your first investment property in the next ninety days! No gimmicks, jokes, or get-rich-quick schemes—David Greene and the BiggerPockets team designed this plan specifically for rookie real estate investors who want to get into the investment property game as soon as possible. So, if you’ve been waiting on the sidelines, hoping to one day reach financial freedom, now is the time to plug in and get ready to invest!
David Greene has been investing in real estate for over a decade. Before that, he was a police officer working almost every day of the week, scraping enough money together to buy his first rental property. He reached financial freedom in only a few years, but it took grit, determination, and a tenacious effort to keep moving forwards. Now, he wants to teach you how to do the same, by buying your first rental property in 2023, even with the wild housing market we have on our hands.
David walks through six actionable steps you can start taking to get your first property under contract in just ninety days! If you can carve out fifteen minutes of your workweek for the next few months, we know you’ll be closer to investing than ever before. Anyone can follow these steps to start buying real estate, no matter how much experience or money they're starting with. Ready to invest? Hit play!
In This Episode We Cover:
How to buy your first rental property in ninety days (or less)
The six steps ANY investor can take find, analyze, fund, and buy an investment property
Where to find real estate deals and the easiest (and hardest) way to do so
Analyzing a live deal using the BiggerPockets Rental Property Calculator
Funding your first rental property and how to do so even if you have no money
Why real estate investors LOVE BiggerPockets Pro (and why you will too!)
And So Much More!
Links from the Show
Find an Investor-Friendly Real Estate Agent
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Sign Up for BiggerPockets Pro and Use Code “GOALS2023” for a Special Discount
Already a BiggerPockets Pro Member? Get the Bonuses from Today’s Webinar
Find an Investor-Friendly Lender
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-703
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Transcript
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| 0:00.0 | This is the Bigger Pockets Podcast Show, 703. |
| 0:04.3 | Hey, hey, what's up everybody? |
| 0:05.4 | This is David Green, your host of the Bigger Pockets Real Estate Podcast. |
| 0:08.6 | Here today with a special episode in today's podcast, |
| 0:12.0 | we are getting into the 90-day challenge, |
| 0:14.5 | where I walk you through exactly what you need to do |
| 0:17.5 | to hit your goals in the next 90 days. |
| 0:19.5 | And I hope those goals involve buying some awesome real estate. |
| 0:23.0 | The 90-day challenge helps you make a goal, |
| 0:25.0 | set a plan, and get your next property in 90 days. |
| 0:28.7 | And we'd like to put a timeline on it, |
| 0:30.3 | because you'll often operate better |
| 0:32.0 | when you're under a constricted amount of time. |
| 0:34.1 | If I gave you the whole year to do something, |
| 0:35.8 | you take the whole year to do it. |
| 0:37.4 | So 90 days is a really good time period |
| 0:39.6 | to give yourself the time that you need |
| 0:41.4 | to get some progress going on in this webinar. |
| 0:43.3 | I'm going to show you how to do that. |
| 0:44.4 | With the timing of the episode, the year is almost over. |
| 0:47.6 | And that means it's really good time to set yourself up for 2023. |
| 0:52.0 | You want to make sure that next year is better than this year was |
... |
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