8 Steps To Buying Your First Rental Property

[@alexg8460]

Back about 15 years ago non of this info was available , im 36 and this is the perfect timing couldnt have been born in a better era i think, we are blessed🙌!

[@mynameis______392]

Well you could have been 17 watching this video and i guess that would have been better

[@alexg8460]

@@mynameis______392 Well being born poor isnt our fault but if you die poor it is my friend.

[@bryanespinoza1840]

mynameis ______ you swear like he had the option to choose when to be born.

[@mynameis______392]

Bryan Espinoza didn’t say that just saying it would have been better

[@216-i6p]

@@mynameis______392 did u not read his comment lmao, he basically said youtube was Not around when he was 17..

[@LearnHustleGrow]

We turned our starter home into our first rental. Almost 7 years later, it's the best decision we've ever made. Continue to learn, hustle and grow!

[@jaredventura677]

Learn Hustle Grow I’m planning on buying a single family home and living in it for about 3 years. Then turning it into a rental. Not sure the mindset and numbers I should be looking for when buying a home knowing it will end up being a rental.

[@LearnHustleGrow]

Jared Ventura We enjoyed our time in the home. The important thing is not to over improve on the home. You should also be prepared to neutralize the house before putting it on the market.

[@kennethporst4359]

Better get another 5 units

[@kaesch2770]

we’re working towards that now. Had our home 8 years, almost paid off, then gonna rent it out and move to our next home.

[@JordanHier]

Thanks for putting this information together, Brandon! 👍🏼 *who else appreciates this info?* Who’s excited to get into real estate? Who’s already in real estate?

[@lenapetrova]

I absolutely LOVE your tip #1 - educate yourself. This is so simple and yet so many people expect to somehow know these things, without actually putting in the effort to learn and to understand the process. Great video!

[@stephenalexander1069]

So underrated! Subscribed instantly off it.

[@StopSelfDoubting]

Where do we go for this education? I feel so lost because I’m so new to this business.

[@LivingOffRentals]

Love the advice to "start analyzing one deal every day!" I think this is the main thing that separates those that excel in rental property investing and those that struggle. Keep up the great content!

[@priceandpride]

Step 1 - 1:31 Step 2 - 2:56 Steo 3 - 4:24 Step 4 - 5:12 Step 5 - 6:16 Step 6 - 7:22 Step 7 - 8:37 Step 8 - 8:41

[@leothelion9302]

Thanks

[@memerboyzz5330]

thx

[@jdrafts32]

The chapters are in the description

[@benscott6633]

RESPECT for having it just under 10 min 👍

[@Woodshadow]

This is hands down the best real estate investment video I have seen on youtube. hands down. step 7 is gold.

[@mrmissextraordinairefeb2016]

Real Estate Agent/ Investor in Florida here 🙌 Love Florida! Thanks for video!

[@uriel-heavensguardian8949]

Breath of freaking air!!! I need this! A guide for each step!! I’m ready to make moves!!!! Thanks for the video!!!

[@alexandruulici-buyingfreed9118]

These are incredible steps! I used a few of them to buy my first rental!! You guys should listen!

[@JamesHollowayYT]

Absolutely! I didn't have these steps when I began but I did the same steps anyways (just in my own version!)

[@alexandruulici-buyingfreed9118]

James Holloway the only thing that matters is that you DID and got beyond the theory :D

[@JamesHollowayYT]

@@alexandruulici-buyingfreed9118 100%. I'm glad there are people out there like you and I, that want to help people achieve that that financial freedom! I love it!

[@alexandruulici-buyingfreed9118]

@@JamesHollowayYT We do what we can. Hopefully we will be able to help at least one person.

[@JamesHollowayYT]

@@alexandruulici-buyingfreed9118 Helping one person will make everything worth it!

[@mpc3po]

This is beginner RE investor gold; really appreciate this---really needed to see this!

[@OrphanTube210]

This is probably the best practical advice on real estate investing. Thanks!

[@JamesHollowayYT]

BiggerPockets was definitely one of a few channels that inspired me to make my own on real estate investing!

[@pharoah1200]

I agree👍

[@everythingyoudontwanttohea4835]

Spent the past year educating myself, with values starting to go down I am looking hard for my first property!

[@jeremyions3212]

You end up buying one?

[@everythingyoudontwanttohea4835]

@@jeremyions3212 This February, closed the 8th! Looking for the next one now.

[@ethanwild3301]

*Something that is very important is making connections, so along with finding a real estate agent, find ppl that will work with and like minded ppl in general!*

[@stillcan1871]

Going now to look at my first rental!!

[@elevendysevensclub]

Thank you! I am entering my last year of college and I will he buying my first property once I graduate 👩‍🎓 I have been practicing analyzing properties in the markets I would like to invest in. Once I graduate I will get prequalified and starting making offers once a week!

[@MoneyMakingStassia]

9 minutes of straight golden info 🔥 thank you for this video!

[@dietriamichelle494]

I still have questions that I would like answered. Your information was simple and on point with clarity. Thanks

[@valerielehr3577]

Thanks for laying the steps out in such a basic way! I'm in my junior year of college currently reading your book (The book on rental property investing) and trying to come up with a rental property investment plan after graduating!

[@warrenford2597]

I always like the simplicity of bigger pockets

[@theduke9264]

True life changing list for the newcomer

[@lharr2395]

I don't find anything specific about "Educate yourself" and so on. I think you guys have been doing this sooooo long and are so good at this, that what you call simple, is still too complicated for a beginner. Beginners need information that you would give to a child. HOW do I educate myself effectively. Sure listening to Bigger Pockets was specific, but my frustration is always the same - the conversations on there are just not specific enough. The website is overwhelming that I cannot figure how to REALLY start. (SUGGESTION: Tell me, first, read xxxxx. Then, listen to xxxxxx. Next, read blah, blah, blah to see what part of real estate investing would better fit your goals.") No, sir, this is not step by step, although I am sure, because of your vast knowledge base, you feel that it is. I am pretty smart at a lot of things, but I still need you to break it down even more. Still a fan though.

[@flylice2x]

What do you want to accomplish when you buy real estate. Own your own home or rental? Whether own or rental, what type of rental. House, condo/ townhouse. Multi unit- Duplex, Triplex. fourplex. How much funds do I need to buy. Are there no money down deals where you only pay closing costs. If you can, buy a duplex that way if one side is empty the partial rent will help. Or live in one unit and rent out the other. But do not tell the tenants you are the owner unless you want them banging on your door anytime of the day or night. I always advise to get a Property Manager to avoid getting frustrated at tenants. even if you live in the same building. Property Mangers charge anywhere from 8% -10%. Look at programs for first time buyers when starting out. You can buy a house / Condo then after several years, refinance and use that to buy another one. Suggest you find a person locally that owns property and see if you can ask questions or tag along. Even a Real Estate investment Group. Hope this helps..

[@lharr2395]

@@flylice2x thank you for your reply, but you are asking the questions that I have. I don't have enough information on the pros and cons of each type to know. As for finding someone who own real estate-how must I find these people (ask everyone I come into contact with, "Do you invest in real estate?". I just do not know. I wanna answer you, but I just don't know enough to find the answers. Please advise :(

[@NewProvidenceUF]

Woobalah Jackson if there were a clear defined step by step, everyone would be doing it and it would be widely known. None of that exists. If you want to find real estate investors, go to local REIA, use the search function on biggerpockets/connected investors etc. I get you are frustrated bc you don't know what you don't know but there's a wealth of information readily available. Figure what your interests are, learn what it means at a general level then as you get specific questions, search those specific questions individually online/in person etc

[@flylice2x]

@@lharr2395 Ok..1st question-how much do you have to invest? Do you qualify to invest on your own? If so, what do you qualify for-house condo/town house. multi unit- duplex. Note: Banks charge a slightly higher interest rate for rental property. If you don't qualify by yourself find a person or group to invest with preferable a person who has don it before. Ie, real Estate clubs or groups in your area. (Do a LLC). This would be divided interest in the property 25% 50% etc. depending on the amount of investment of each person. Many times it is not all cash but taking care of the paperwork, dealing with the Property manager for the group can be part of the investment. My first investment I was in the negative with an out of pocket $150 a month, but the tax write offs made up for it. It was a 4 unit 1 bdrm 1 ba. in CA. I put 20k down and had my Real Estate Agent put 10K down giving him 25% when sold. When we sold I recouped my fix up cost and made $75K. Having a 90 re-investment turn around to avoid paying taxes I bought a 2bdrm 2ba duplex in FL. Rents were $900 each and 2 -4bdrm 4ba condo near Clemson University for student housing. Don't recommend doing that since 2 months in summer and sometime 1 month in the winter the units were empty or partially empty. rents were 350 each bedroom. I also bought a 3bdrm 3 ba house in Arkansas with no money down but had to pay part of escrow. Rent was $1000. the condo were $125k each put 10k down each. Duplex was 145K put 55k down then did a refi to remodel my house for 100K. When I bought my house I had 2 partners investing 10k each as I put up 10k. Paid them back in 2 years with my tax refund. My son bought a divorce fixer upper 2 house -2 bdrm 1 ba on a lot. They wanted to get rid of it so he got a good deal with 30K down for $435K.We remodeled the one he was living in and rented the other. When we were done he moved into the other one and we fixed that one up. He has since bought a house and both are rented out at $2000 a month. He also has 2 house in texas. One with other investors, (LLC). I joined a real Estate Club when I started and kept asking questions of other investors. Have made some mistakes but that's the process. Always, Always get a Property Manager even if you live in one unit. Tenants can be a hassle. Don't deal with tenants. I never did ROI. All I did was do the rents cover the mortgage, taxes, insurance, some repairs and a business license for having the rental in some cities. My son does the ROI and other stuff to figure out the investment. My Fed tax refund for the past 16 years has averaged around $8000 for 4 rentals. Will be less because of depreciation used up. Don't give up. Hope this helps.

[@flylice2x]

@@lharr2395 1st step know how much you qualify for. 2nd -what type of property can you get with what you qualify for. 3rd- go find it be it in your city, state or out of state.This is the hard part. Rents should cover your mortgage, ins, taxes, property manager, unless you can afford a little out of pocket. This is ROI. I always tried to have at least 2 months rent in the bank just in case something breaks. 2 of my my properties where negative but the others covered the negative. Sometimes I had a couple of hundred out of pocket cost. You can keep trying to learn the process and what everyone is trying to teach but after awhile it's time to just do it. 3 steps - how much can I afford, where can I find what I can afford, purchase. I usually use the Realtor that got me the property as the Property Manager. I also ask to recommend and insurance company in the area. Oh, Condos/ townhouses-some require you live in it for a year before you can rent. plus the HOA can be very high.

[@MichaelBanfield]

Thank you. I am currently in the saving and education phase. I will do rental property, just want to learn everything I can first. Thanks!

[@mgproperties2957]

Great video. Now everyone will know how to analyze and scoop up the deals!

[@blanemccurdy566]

I love all these free videos you guys do they're amazing! So helpful for me making my steps to buy my first rental property out of college!

[@moneymatters616]

I agree completely! This channel is amazing! It’s funny I just uploaded an 8step process for purchasing a rental a few days ago! I love bigger pockets!🙏🏻

[@adolpholiverbush5867]

They make some great books and online articles aswell.

[@moneymatters616]

I know I read Brandon’s book changed my life!

[@moneymatters616]

Zack Howard yeah They are amazing 👌

[@JamesHollowayYT]

Absolutely! I believe in helping people with the knowledge you possess. And what better way to help people than helping them achieve their financial freedom! I try to do that on my channel as well!

[@francistheinvestor766]

Exactly what I did when I bought my first property, I got my preapproval found property, then got a agent. Simply put I knew what I wanted.

[@williamshoite3238]

Interested in crowdfunded real estate investing?

[@mailebriscoe1673]

Hello Francis! Who did you get preapproval from? Thats where I am having an issue. Thanks for any guidance.

[@jonathonnagyiski5417]

You should do a video on why we would not need an LLC to get started. Its very sketchy to not get one.

[@anupchandra1862]

This channel has been such a wonderful and valuable content provider. You guys are doing impeccable job on the information that you are providing. Full on support from South Carolina guys. Thanks for all the information.

[@rentospropertymanagementso4895]

Very helpful tips to start with buying rental property.

[@christianvillarreal8543]

Some of the best tips I have heard! Practice the deal and making offers.

[@AmgJunkRemoval]

This was one of the best videos by far I'm going to join bigger pockets super motivated super optimistic financial freedom early retirement here I come

[@darnelllee3961]

GREAT VIDEO, THANKS BRANDON!!!

[@brunapalomaro880]

I am 17 years old and learning with this amazing men! Nex year I am planning on buying my first property, but I am afraid to make something wrong...

[@100xanny3]

Same bro

[@lukewiles1]

Just bought our first investment property! Looking to track our journey too :)

[@SorkeXL]

how is the investment going?

[@lukewiles1]

@@SorkeXL really well so far! We have a tenant who signed a longer term lease and the property is currently cashflow neutral. We've documented some of our journey on my channel

[@SorkeXL]

@@lukewiles1 awesome man I’ll check it out!

[@lukewiles1]

@@SorkeXL cheers mate!

[@memerboyzz5330]

nice work man i am currently 15 hope to buy my first property at 20 of so

[@jasonadkins1455]

I wouldn’t be where I am today without the advice I have gotten from Brandon.

[@JamesHollowayYT]

Such a great icon in the real estate community!

[@jasonadkins1455]

James Holloway I couldn’t agree more

[@JamesHollowayYT]

@@jasonadkins1455 He was definitely one of the reasons I started a KZbin channel and trying to give back to the community. Helping people achieve financial freedom. I know Brandon was one of the people to help me as well!

[@jasonadkins1455]

James Holloway Me too. You want to switch subscriptions to increase each other’s subscribers count?

[@JamesHollowayYT]

@@jasonadkins1455 I mean, I don't want to do it for that reason, but I'm just wanting to show my support for another fellow beginning KZbinr! So if you want to do the same, go for it! LOL I already subscribed to you! :)

[@danielrichter465]

Nice hints in the video, investments is really the best way to secure your future

[@albertbush9361]

Wise words kelvin ✌🏻

[@albertbush9361]

Trading crypto(bitcoin) is the best online investment you can ever think of today

[@gustav2515]

When I first heard about all this I thought it was a made up stories till I was convinced and gave it a try with her never regretted it.

[@Admin-xr3hv]

Trading for yourself is the worst thing to do, you will always incur losses and more of losses

[@Admin-xr3hv]

It's not all about investing in cryptocurrency, you can't make good profit if you don't have a good broker

[@Texan4657]

Wow wow wow how am I just now coming across your channel?? Such incredible content, thank you!

[@cisaescorbores7596]

Thank you soooo much!!! I just got pre approved!!

[@35057]

I think a big subsection of step 1 is identify your goals. Long term and short term. Have to identify what you want with investing and your life...

[@robertkoller5367]

Love you guys. I heard your podcast about mobiles and found one for sale. Best part, I was able to run the numbers and figure out what deal I needed to make it work. Wish me luck. I am selling stuff to build a bit of capital but still looking and making an offer when my cash is in hand. Newly subbed, but listening on Castbox frequently. Mahalo

[@desireeb518]

Thank you so much for this. I'm just starting in real estate. Any technical tips on how you analyze deals? Not sure what to even look out for? Thank you!

[@ejrestrepo01]

Thank you Brandon for impacting people's lives in such a positive way.

[@nnekaoa9234]

Don’t forget to mention having at least 6 to 8 months emergency fund ..Murphy’s law is real

[@banginzaza]

Thanks

[@velwear]

As much as I hate math, I actually enjoy doing the math when finding and analyzing deals. It’s very simple and easy to put together. It literally takes me no more than 10 minutes if not less to do the math depending on the deal, especially online; then once I’ve narrowed down my search, it will then take me only just a few seconds to determine if that one property is a good deal, or not afterwards.

[@desireeb518]

Any chance you could elaborate on how you analyze? I'm super beginner and I'm not even sure what he means. Do you look at the listing price, square footage, determine work to be done on the property and then check the neighborhood market price? What is your process? Any tips will be appreciated immensely!

[@velwear]

@@desireeb518 I start with a 1% to 2% rule based on the estimated rent/fee of the overall price of the homes value. If that passes, I then start to look at the Sqft, Age of the listing @ 6 mths to 12 mths out. The furthers I will go is 24 mths more likely if it’s a rural area, especially if I’m pulling comps for a subject property I’m unable to find a match for in area. I look at How old the home is, especially if it was before, or around ‘1978, but no more than under or 5 years over which you want to be carful about, because those were the times during the lead-based paint days, and lastly location. I walk the neighborhood to get an idea of the area when it comes to stores, new developments, the type of neighborhood that it’s in and cross streets when it comes to traffic and subdivisions. Then I start to calculate all of my cash on cash, and other expenses based on the value of the home that I could potentially either sell it for and rent it out for. Now, that’s a little more in depth info., but he has a video on how to calculate a property. It’s very simple and easy to follow. My preferred method would be to watch both his Analyzing Deals and BRRR videos as well. Although, very simple, it’s still quite a few steps to follow just as well. I look at deals from a Wholesale point a view, Licensed Realtors point of view, a Realtor Investors point a view and a Whole-tail point a view, and it’s because Licensed Realtors and Realtor Investors don’t see analyzing deals the same way, especially when it comes down to pulling comps on a property. They do not see eye to eye on this. Anyway, lot of information but hoped that this helped. Good luck. Like he said, it does get easier and faster the more that you do it. 👍🏿

[@desireeb518]

@@velwear Thank you so much, this is super helpful and very kind of you to put together! I'm just looking to purchase my first investment property and sometimes feel like a goldfish in the ocean. I appreciate your time!

[@velwear]

@@desireeb518 My pleasure. Overall, it’s a numbers game. You’re going to get more No’s than Yes. So you just have to keep plugging away at it until you get your first yes. After that first one, it starts to get a little more easier.

[@ApartmentKing66]

@@desireeb518 "A goldfish in the ocean." Excellent analogy. I think we've all been there in our early days doing this.

[@AzPoorBoys]

Such a great video! I’m a licensed Real Estate Professional in Arizona, if anyone watching needs help with any of this mentioned in the video I’m more than happy to help.

[@misskatierosere]

I love this video and Brandon! thank you for sharing! - I’m just starting my KZbin channel and Brandon is a huge inspiration - my goal is to Network with likeminded individuals and to inspire others by providing valuable information on topics I am passionate about : real estate, travel, unique vacation rental experiences, investments, & lifestyle. I am a realtor licensed in WA state and Arizona so I look forward to connecting with clients that I can help with purchase or sale of their home or acquiring there own unique vacation rental or next investment!

[@diesel81937]

how do i get access to the numbers and info when looking online for properties. ? i never see all the numbers.

[@BryceMatheson]

I know this is mostly self-explanatory, but the biggest realization to me was, "If I make ZERO offers, I will buy ZERO deals." I was out here, analyzing deals like crazy, but it got me nowhere. It wasn't until I begun submitting offers that I really started to grow. Crazy, huh? Closing on another 4-plex tomorrow.

[@ASMRLyn]

How do you analyze deals? How do you know about the actual expenses and income that the asset is producing? How would you calculate the type of loan and interest you will get? You need this to analyze a deal too

[@ingridwright8701]

When you say analyze the numbers, are you referring to the percentages (2,50,& 70) that you had mentioned in a previous video? thanks. Also while I am asking...

[@blueorangey]

Brandon Turner! Glad I find your videos!

[@thebandwagoneffect]

This song always makes me think "What we do here is go back back back..."

[@erict.6827]

Thank you for the education 🙏

[@NEXO_JA_The_Emcee]

SO say I want to buy a property as a first timer, to rent out. Can I drop about 20% Down payment and then rent it out from there? Using the monthly rent income from my tenant plus my income from work to pay it off quicker? Or would it be better to drop a bigger down payment , say 40% with like a 3 year loan and do the same? Excuse my ignorance I just started looking into this.

[@DANDITTONE]

I think that’s the biggest challenge for most people is not knowing our abilities. That’s where I’m at right now and are still trying to find my abilities. What I can say is that I’m dedicated to find my next property to invest and grow from there

[@moneyhafimek]

This video has reassured me that I’m doing things right.

[@michelledaniel400]

A financial system free from many of the burdens and pitfalls created by trusted intermediaries and powerful masters sounds like a beautiful future we should all want to usher in..!!

[@chrismarmsk1970]

The best to do with your money is to invest

[@masonnoah8306]

True though unfortunately mine always end with losses.

[@wellsdells8946]

You do not really need someone to tell you how to invest your coins, you can make research on your own and trade with expert to guild you through

[@masonnoah8306]

I have heard of many brokers I do hope they can help me

[@chrismarmsk1970]

Could this be real because I I’m so confused

[@J-Rod73]

Awesome video!! I'm 48 and just now getting the ball rolling. Using a heloc towards a down payment for an investment property. Thanks for the motivation!! ✊

[@GodsBabygirl25]

You are awesome I cannot wait to invest in myself and learn how to invest in real estate !!

[@welderteach]

My first deal is real close. And it scares the shit out of me and excites me at the save time. Wish I could ask a expert/mentor if what I’m doing is a good idea...

[@jeangoussepascal6356]

go back to step 1

[@mamabear3217]

I know I wish someone would mentor if this works out for me I am definitely going to mentor someone

[@bobsworldentertainmentpodc640]

Kidneybeans get a mentor

[@metalboarn6174]

Over estimate your expenses by 15% and underestimate your cash flow by 10%.

[@216-i6p]

@@metalboarn6174 u know!

[@lifeisfunny9771]

Also what are good places or sites to look for deals and to analyze the deals and how do i find out what area is good or what market is good for buying properties

[@sblijheid]

Watch the video, he answered those questions.

[@tishaholliman7454]

Hank you for this information! I’m on step one and will continue to move through the steps!

[@derekgodfrey6558]

Thanks for the information Brandon

[@inea815]

Thank you for the great content. Someday I will be in Mindy's podcast talking about my Money story and how I achieved financial independence through real estate!

[@JamesHollowayYT]

Same! One day I will be on BiggerPockets talking about my success, but I also log everything on my channel (step-by-step process on how I'm doing it)!

[@williamshoite3238]

One day I'll be known as the worldwide modern day pioneer of crowdfunded real estate investing

[@williamshoite3238]

Im telling you, crowdfunded real estate investing is the best and untapped sector of real estate

[@inea815]

I love crowdfunded real estate, but my main issue with it is we dont get the same tax writeoffs and deductions that we get with physical real estate investing/rental. I do love the passive aspect of it. And as of now, that Im not yet in a postion to invest "physically" in real estate. Im involved in crowdfunding like Groundfloor and Fundrise. Will love to see what you come up with

[@beulahdelinton6713]

Thanks for sharing BiggerPockets👍

[@ronymacean8171]

Thank you I highly appreciate all the information that you share have a blessed day

[@SoulScienceForStarseeds]

I’m trying to buy my first property and I have no idea what questions to ask and where to find the answers. I wish someone would make a video on what questions to ask before buying land. What are the most common hidden fees? What makes the property valuable, how to handle encroachments, what does a lender do? How do you get preapproved? How do I know I qualify? All these grown up terms are super overwhelming. Zoning laws etc...

[@crystalperry2163]

You just proceeded to list some very important questions. I would say research or invest in books for beginners or a real estate course. Seems the real information should be the first real investment you make.

[@Topself24]

I wanna buy an investment property as a first time home buyer. Live in the house and rent out rooms. Is that a good way to start?

[@Justher1130]

Lol. Me too. Let me know how that goes for you. What area are you in ?

[@Topself24]

Shamanique Blount DMV. It shouldn’t be that hard to find a property

[@seanrivermize5667]

I’m planning the exact same thing in the Bay Area.

[@deviousmuffinz]

yes, what you're describing is house hacking. great way to get started and build wealth.

[@Blacksoulbrushes]

Yeah, get a duplex preferably a below market value...

[@RehabWithEhab]

You explained this really well. Thanks for the great points about your strategy!

[@stanmoney8470]

I did the 1% rule and it wasn't enough. The unexpected expenses can throw the numbers off extremely! Then if a tenant doesn't pay rent , that can also throw your numbers off.

[@kwaddy]

I use the 1% rule as a filter. It's not determinative, but I know if the gross rent is well below 1% it's not worth my time to go further. Depending if it's a seller finance (contract for deed) a little lower than 1% MIGHT be doable.

[@philliptetai866]

Clear and simple cant get any better, based down in NZ but info would still be very relevant here. THANKs

[@renainc.6082]

Great video mate!!

[@mikeshree3848]

How do I get your book on Buy Real Estate with No Money down

[@meljohn2202]

Do you have to get an investment loan just to buy to property to try and rent it out? Or can you apply for a conventional loan (that way the interest rate can be lower) and rent the property you're buying out? Somebody help me out please

[@pablosviewfinder]

How would you go about raising money for a down payment? I have my full time job but it’s not enough. I have some assets in stocks and crypto but the down payment for a house is huge.

[@lg13099]

Would it be better to get a cash loan from the bank or get a investment loan to buy a rental property

[@wheelinndealin]

Was this a how to video or just i big advertisement for your website?

[@omarwilliams4106]

Thank you! Awesome video!

[@justmyperspective7430]

Is there an app that I can use to practice running real estate deal numbers? Because I’m not sure how I would get all the numbers I need online (ARV, scope of work quote, hard money interest rates, etc).

[@nikhiljain5887]

Hi Brandon, Thanks for posting such valuable information and I have read your book as well. My goal is also to achieve financial freedom but I have one question and I seek your advice. In my country rental yield is 3-4% but the internet rates starts from 8.5%. So, if I buy a property with 10% down there is no way that such property will put any money in my pocket until complete loan is paid off. So, is investing in real estate would be a good idea in such cases??

[@aaronowens9888]

you guy are top of the line

[@MelaninMommyMillionaire]

Best advice. Thank you

[@jaswantsingh3882]

good points and explained very well, thanks.

[@jacobdittmer5512]

Roughly how much money would someone have to have to get started on this and take out multiple investment loans? Also can you take out multiple?

[@pharoah1200]

Thanks for the great advice. This is something that's practical, and something that I can work with👍👍

[@paula591]

A trailer park does sound like fun. Your 55yrs or older? Can they be pre fab homes too?

[@seanbrownsociety]

@BiggerPockets when you work with a mobile home or mobile home park, do you spend a lot on security while fixing up the properties? Cameras, trigger systems, overnight security guard...

[@stevenbeardsworth8389]

What’s the biggest financial difference between purchasing property and investing in REITs?

[@realestatecashflowideas4188]

Very good info , I would add buy at right time for right price

[@mudmarble2746]

You are so right! I really appreciate your input on this being in the real estate industry myself, these steps can help us improve our growing real estate business. Thanks, Brandon!

[@meninodonordeste]

I love Brandon’s videos. They’re always very helpful.

[@marcosancho3017]

My brother and I want to really get into real estate! I have a question is it better to buy the land first and own completely or buy land and and get a loan at the same time to build?

[@melindastevenson169]

Thank for building my confidence

[@SW-rv9mf]

The absolute best!!! Thank you.

[@jeremyparvinrealestateinve7087]

Love your video Brandon. I’ve listened to tons of your podcasts

[@Paul_Sullivan]

Your rental book is the best!

[@davidcollinsfool]

Hey dude awesome stuff! Any chance you could do a video on the advantages/disadvantages of have a real estate license and flipping houses? Please!

[@Jason4Star]

Thanks man. All your steps are common sense, but sometimes you just need to hear them.