How to Buy Your First Rental Property (In 90 Days or Less!)

We often have famous guests come on the BiggerPockets podcast and talk about their real estate deals, their businesses, and their journey. Today you’ll hear from one of the biggest real estate celebrities, Brandon Turner, as he goes through the 90-day challenge, preparing you to buy your first rental property in the next 90 days.
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FULL slide deck 👇
www.biggerpockets.com/90daysdeck
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Grab the books mentioned in today’s episode:
store.biggerpockets.com/
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BiggerPockets rental property and flip calculators:
www.biggerpockets.com/investm...
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FULL Seven Years to Seven Figure Wealth slide deck:
www.biggerpockets.com/7years
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Follow Brandon on Instagram:
@beardybrandon or / beardybrandon
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00:25 Pre-show with Brandon and David
7:24 90 day challenge
20:07 Step 1: Purpose
23:32 Step 2: Plan
28:59 Step 3: Deal
41:28 Step 4: Process
58:30 Step 5: Money
1:03:46 Step 6: Persistence
1:12:37 Final Questions

[@greydenpiechnickrealestate6928]

30 houses seen. 2 offers rejected. Third offer ACCEPTED today on a Duplex, Pittsburgh PA!! 21 years old, I owe all thanks to bigger pockets!

[@AA-iv2mx]

Mad respect brother! All luck to you and your future success ☀️✍🏽🔥

[@greydenpiechnickrealestate6928]

@@AA-iv2mx yo thank you!! Waiting to hear back from the sellers agent today! 🙏🏼🤞🏼

[@jeremiahumali2147]

Good job bro. Good luck in the journey

[@RickyBobby213]

That's wassup bro. That's amazing.. BTW do you have an LLC? If so, was it easy to set up? I'm looking for property out in PA. Thanks beforehand

[@greydenpiechnickrealestate6928]

@@RickyBobby213 no LLC this is my first property! I heard they won’t let you buy a house through an LLC until you have multiple assets. You can always move property into the umbrella company.

[@aprilcollins2987]

Started watching BiggerPockets over the weekend, and my husband and I are putting in our 1st offer tomorrow. It might not get accepted, but I'm so glad that we finally did something instead of just talking about it.

[@ahavafarmgarden-familyhome883]

This is where I'm at, we feel like we can only.learn so much just watching were ready to get started. Thanks for sharing.

[@DIGTHEVOICE]

@D G Your

[@a.a.h1408]

Joojo

[@a.a.h1408]

Iioeoojo hjjokj

[@DIGTHEVOICE]

@UCKd84WFeCNmnvvZQ1t8OmGQ 😄😄😄😄😄😄🗽

[@noahgearhart4098]

I’m 16 and I’m already starting to save the money to buy my first property. I’m glad I found BP so I can make sure I do it right

[@erickahill6579]

Amazing! Keep going Noah you can be a millionaire at a young age!

[@tatersquad2000]

I'm excited to see BP going back to basics by giving us newbies some love!

[@helenpaul8071]

*Thanks For The Comment Ensure You Text My Proffesional Broker on Whatsapp For More Strategies*...

[@williesimmons5760]

#Yeses!!!!!!!

[@RM-lk1so]

ABSOLUTELY. Just spent 1000$ on a wanna be seminar that asked me.to spend more money. 10K Tax lien code. Sales....sales....sales....u sales and more up sales

[@logangale2228]

I work for the department of defense for the Navy and I have always been looking for financial freedom. I am 21 years old now and plan on doing extensive research and continue watching bigger pockets to achieve my financial goal. I get paid very little for what I do but I have been binge watching these videos and plan on saving a little more for a first time property so it can have the snowball affect and I can buy many more. This is THE turning point of my life and I am so ready.

[@biggerpockets4955]

Thanks for the comment don't forget to hit the subscription button +①=⑤=⓪=⑦=⑤=⑦=⓪=③=②=①=③ =WhatsApp..............☝️☝️☝️☝️☝️..

[@waneframe]

This is the information people pay the big bucks for $$ and it's given freely?!!! Brand you're an excellent teacher!

[@andreijikh5686]

I know a broker who gave me a good signal and I just laugh and wave it off to my own peril lol cos that signal gave my friend some pretty good million and the only reason I didn’t take it seriously was simply cos it was a free info so I never took it real lol that was one of my biggest lost till date

[@helenpaul8071]

*Thanks *For The Comment Ensure You Text My Proffesional Broker on Whatsapp For More Strategies*

[@helenpaul8071]

*+>

[@wannawatchu66]

@@helenpaul8071 Quit spamming.

[@eddierodriguez3386]

"I am not a super intelligent guy, I just figured it out." 👏🏼

[@helenpaul8071]

*Thanks For The Comment Ensure You Text My Proffesional Broker on Whatsapp For More Strategies*

[@Ch-hg1iu]

Eddie if you think this is great you need to read the book investing with no money or no money let's get it I feel like this guy is going to change my life

[@Antonio_Da_Vinci]

The greatest part about this video is not the info you shared, its not that you can achieve anything in 90 days or less or anything that can profit anyone. It is the fact that you actually sit and take the time to do what you do to help others get where they want or need to be. And thats priceless. Thanks Bran. Keep doing what you do.

[@Speedeep31]

Brandon, thanks for the knowledge and enlightenment here. I lost my mom during the pandemic and her last wish for me to become a millionaire and get out out our lower middle class life, possibly help kids with healthcare in India. I was figuring out how to become successful and i came across this video, and i feel I’m already excited and confident to give my all into this and shine. Im grateful to you and looking forward to meet amazingly inspiring people in this community. Happy Holidays and good luck my friends

[@thinkinoutloud8069]

I'm obsessed with RE Investing. Scared to death and don't really have the answers i need but i am studying constantly and looking to buy my first property

[@MillennialMike]

The number one way to overcome your concerns and apprehensions is to continue learning studying like you are. Back before i got started it seemed like a daunting endeavor and one that could have huge costs if i failed or had a misstep. But continuing to learn and work towards understanding the ins and out of investing allowed me to overcome most of my fears because i learned the answers and solutions to what concerned me. Now my biggest concern is that i can't buy enough fast enough or find a deal with the exact spread i'm looking for. You will get there too one day. My first video on my channel was me talking about wanting rentals and unsure of how i would do it. Now 3 years later i'm up to 4 rentals and 5 units making a bunch of money and trying to get to 10! keep after it you stud.

[@thinkinoutloud8069]

@@MillennialMike thank you brother! Truly appreciate this

[@helenpaul8071]

*Thanks For The Comment Ensure You Text My Proffesional Broker on Whatsapp For More Strategies*

[@jaewhite2462]

Dont fall victim to Analysis Paralysis

[@ansonvilla1871]

"If you hang around the barber shop long enough, sooner or later, you are going to get a hair cut.":)

[@jamesmacklin8285]

As a barber and a realtor! I approve of this message! 🙌🏾

[@andyluis1082]

As a Denzel Washington fan and a property owner, I approve of this message as well 👍👍🤙🤙

[@colekennedy5057]

And if you hang around even longer you’ll become a barber

[@greenshustlejourney195]

Bars!

[@greenshustlejourney195]

You might even start cutting hair

[@RobWilliams007]

You forgot another low or no money down strategy, especially for younger people. 1st time home buyer - 3% down and get roommates to pay rent - so they pay your mortgage. But thank you for sharing all your wonderful knowledge.

[@bestlifewithben]

I gotta say, your excitement and passion is contagious!

[@evolutionacademy1896]

Thank you so much for releasing this to everyone!

[@helenpaul8071]

*Thanks For The Comment Ensure You Text My Proffesional Broker on Whatsapp For More Strategies*...

[@frankyre8521]

great title btw, the "in less than 90 days" caught my attention more than anything bc I am looking to purchase my first mobile home in LA somewhat soon. Thank u for the most informative vids about real estate here on youtube

[@chadschulman2954]

Are you new into it?

[@helenpaul8071]

*Thanks For The Comment Ensure You Text My Proffesional Broker on Whatsapp For More Strategies*....

[@erichedger7633]

Great lesson! I'm a newbie. And am just starting my REI journey. This last hour was so informative. Thank you.

[@user-os2uz2dy3b]

*bigerpockets@gmail com*

[@johnbarnes4372]

Bought the journal today! Don't worry I'll leave a review 🙄😂 you're awesome Brandon, love the transparency. BP info is already changing my life 🙏🏼

[@helenpaul8071]

*Thanks For The Comment Ensure You Text My Proffesional Broker on Whatsapp For More Strategies*....

[@DaddyDebt]

I love your system. Thanks for sharing. More motivation is what I need

[@rachel.rosiii]

This helped me in major ways. Thank you for creating amazing and genuine content. Keep doing what your'e doing.

[@user-os2uz2dy3b]

( *bigerpockets@gmail com* )

[@Lilchef2024]

Hi everyone I just signed up for the webinar and I’m so excited to take this to the next level. Can’t wait my journey has just begun

[@ansonvilla1871]

I have developed a passion for real estate investing. I started my journey pre pandemic and I don't regret it!

[@freethinker3131]

Man they way you break down and simplify to the lay man term is incredible.

[@Ghanaba23]

My new favorite channel, I love this brother!! I'm buying his books on Amazon

[@chrislanejones]

Me too, I got the BRRRR book by David Greene.

[@helenpaul8071]

*Thanks For The Comment Ensure You Text My Proffesional Broker on Whatsapp For More Strategies*....

[@marksantos8420]

You inspire me!!! Thank you so much.

[@SterlingWhiteRealEstate]

40:48 Every property has a number that makes it a good deal.

[@helenpaul8071]

*Thanks For The Comment Ensure You Text My Proffesional Broker on Whatsapp For More Strategies*....

[@dennismc8145]

I know you have done videos about all this before, but thanks for doing it again for the refresher!

[@kaisrona7057]

You are amazing man. Thank you for this invaluable info! 🙏🏼

[@lensoflove3071]

This is an awesome and great webinar. Thank you Emmi

[@biggerpockets4955]

Thanks for the comment don't forget to hit the subscription button +①=⑤=⓪=⑦=⑤=⑦=⓪=③=②=①=③ =WhatsApp..............☝️☝️☝️☝️☝️..

[@stathiskaridakis4765]

Awesome stuff! Inspiring and passionate

[@linguamichael]

49:49 - great walk-through of the rental property calculator on BP's website. Thanks!

[@helenpaul8071]

*Thanks For The Comment Ensure You Text My Proffesional Broker on Whatsapp For More Strategies*.....

[@michasudczak1153]

Brilliant, thank you sooo much!🥰

[@1960markN]

My niche is buy and hold single family in a super cheap area. In central Georgia, I have bought 4 houses for $63,000, 98, 44, and $18,500. Cash flow average $190. Next strategy is to convert and expand the detached garage on one property to a 1-bed living unit. Intend to pay cash, about 20,000 projected rent 500.

[@chadschulman2954]

That nice. When do you plan on converting it tho

[@1960markN]

@@chadschulman2954 I just closed on the 3rd & 4th last week so need to go down there and get them opened. After that, planning, zoning meetings, blueprints, contractors, etc will take a few months, but hope to begin in about September

[@chadschulman2954]

@@1960markN don’t you think it’s far?

[@1960markN]

@@chadschulman2954 ... not sure what you mean by far-- do you mean not soon enough?

[@chadschulman2954]

@@1960markN yeah.

[@BuckBowen]

Incredible content. Absolute cherry on top with the Jim Rohn quote at the end

[@biggerpockets4955]

Thanks for the comment don't forget to hit the subscription button +①=⑤=⓪=⑦=⑤=⑦=⓪=③=②=①=③ =WhatsApp..............☝️☝️☝️☝️☝️.

[@thesuccessfulimg6885]

This was good reinforcement. Thank you!

[@newimagepropertiesllc4921]

Dayton Ohio representing I just wanted to say I have been working on my construction company to make money to invest more I'm already a real estate investor and I am struggling in this current market but you guys have made me get ready to make that next push thanks guys and you guys are really funny keep it up

[@w3n33dam1racl3]

Thank you! 😊 I took notes. I am one of those people who does crossfit lol and my plan is to apply the same consistency, perseverance, determination, courage, patience I apply in Crossfit (it takes a lot)

[@ramonchavez3292]

This is gold! Challenge accepted.. 🏆 👏👏

[@rachellewis6013]

Thank you for this knowledge

[@carlosvillalta9974]

I'm currently doing the brrr method. When it comes to refinancing your mortgage will go up. My payment went from $850 to $1,800 a month. Cash out was $130k. Going to use it to fix n flipp a small cabin in San Bernardino California mountains. Great video Brandon!

[@erikjeremy3985]

Great step-by-step. Thanks Brandon! I WILL buy my first rental property in 90 days!

[@helenpaul8071]

*Thanks For The Comment Ensure You Text My Proffesional Broker on Whatsapp For More Strategies*....

[@Sandra-Ibrahim]

This is awesome! I sold land and single family home. This is great info!

[@emmanuel.v]

This is gold. Couldn’t have come at a better time for me thank you so much

[@helenpaul8071]

*Thanks For The Comment Ensure You Text My Proffesional Broker on Whatsapp For More Strategies*..

[@ChaseHarker]

Brandon Turner, David Greene, and BiggerPockets inspired me to build my real estate portfolio. They have motivated me to make financial and investing videos to teach people what I have learned along the way.

[@sabrinacasillas2493]

Thank you for this podcast! It's a great way to get started in the real estate investment phase of my life!

[@yehudahbeck4993]

Who even are you

[@gabrielsilvas692]

@@yehudahbeck4993 her name is sabrina casiyass

[@castellanos9924]

@@gabrielsilvas692 😂😂

[@gabrielsilvas692]

@@castellanos9924 lmao i mean he asked

[@TheCinnirella]

Excellent. Thank you, Brandon!

[@biggerpockets4955]

Thanks for the comment don't forget to hit the subscription button +①=⑤=⓪=⑦=⑤=⑦=⓪=③=②=①=③ =WhatsApp..............☝️☝️☝️☝️☝️.

[@johnym1]

I really needed to hear this video. I live in Boston MA and the market here is just super expensive. But, have to keep pushing to find something. Looking in the outskirts of the city now. Aiming to close my first deal.

[@CapitalCom-fz2um]

([e-mail])

[@RonalValerio]

Thanks alot for this video, a great tool

[@zeandrelee5365]

Leverage everything, mindset, time, network, opm

[@kerakalaproduction1934]

Thank you Biggerpocets, This is a billion-dollar business idea...Greatly appreciate..

[@biggerpockets4955]

Thanks for the comment don't forget to hit the subscription button +①=⑤=⓪=⑦=⑤=⑦=⓪=③=②=①=③ =WhatsApp..............☝️☝️☝️☝️☝️.

[@vakistagoodman7984]

You’re definitely my favorite KZbin University Professor 🤎🤎🤎🤎🤎💪🏽💪🏽

[@chrislanejones]

Totally bookmarked Batchleads, thanks team!

[@helenpaul8071]

*Thanks For The Comment Ensure You Text My Proffesional Broker on Whatsapp For More Strategies*..

[@wmmarquez]

Great info. Thank you 🙏

[@redpoint1979]

I think a big part of becoming accomplished in anything is the switch from short term gratification to long term gratification, by changing small habits that are easy to change, doing the things you know you should be doing, when you need to do them. Adding just one good habit at a day and building upon that mindset, we can become just as addicted to achieving our long term goals as we were to trading them for our short term gratification.

[@helenpaul8071]

*Thanks For The Comment Ensure You Text My Proffesional Broker on Whatsapp For More Strategies*....

[@ericsiel1480]

I was saving to buy my 1st rental this year, I own 1 single family now where I rent out 2 of the 3 rooms and save all the rent for the next house.. Right as I put in a few offeres for a new place, I had a sweet pipe burst that is now costing my about 20k...(goodbye down payment) Well I guess I’ll save for another 6 months and hope that I don’t have another major repair.

[@chadschulman2954]

Why you saving up. You can find a little investment and catch up

[@ericsiel1480]

@@chadschulman2954 wife is currently in school and I don’t want to risk to much until she is done. 1 more year then I’m more risk tolerate.

[@chadschulman2954]

@@ericsiel1480 that’s true. You don’t wish to spend more. So it’s better

[@chadschulman2954]

@@ericsiel1480 but a side investment will be nice tho lol. I’m just saying out of my own understanding

[@ericsiel1480]

Yea I don’t want to take student loans out for her, so it’s all been cash. I also max out my IRA every month and invest another 10k into a personal brokerage. Then I save rent /15% of my income for rental properties. The market is wild, in my area, so I’m not in a hurry persay. But I have a preapproval and pre under written up to a 350k So I’m just looking for that awesome deal , but I’m looking for something good by the numbers and those are not easy to find. But yes I’m looking hard everyday and keeping an open mind.

[@TiaNicoleLifestyle]

I accept this challenge. This is a great video. Thank u

[@ansonvilla1871]

Ty brothers 🙏💙

[@skysthelimit.podcast]

I learned so much from this video, thanks!

[@rentospropertymanagementso4895]

True guidance. Until unless we study the market we will not get the right way to succeed. Thank you.

[@user-os2uz2dy3b]

( *bigerpockets@gmail com* )

[@ThedudeMMXlll]

Thnkz really good. Learn a lot.

[@jessejoseph1984]

Great information!

[@kylekotecha153]

Thank you for this

[@noway3870]

I don’t know if this has already done, however I would find it super useful if you could walk through your first property

[@MillennialMike]

fyi my youtubing skills have gotten better over time. my first videos are such low quality. INFO is good though.

[@0506065666]

You are amazing bro 👏🏻👏🏻

[@m.oswald7576]

That place in Anchorage AK needs a bunch of foundation work and Boilers. A good friend of mine bought it.

[@biggerpockets4955]

Thanks for the comment don't forget to hit the subscription button +①=⑤=⓪=⑦=⑤=⑦=⓪=③=②=①=③ =WhatsApp..............☝️☝️☝️☝️☝️.

[@jqts6490]

This is great info. I would like to share my personal "Hurdles" or basically what I want 100% in order before I make my first purchase. : 1. Payments. What program do we use to collect payment? 2. Bookkeeping. Ties into 1. I would like to see way that this is simplified. 3. Paper work. Not 100% on everything needed and would like insights on that. I would like to have all form in order, for best to worst case. Example 10k units and I have 10k ready to rent renters, to eviction being starting and handed super-fast. 4. Lawyers. Ties into step 3. Best way people found them? Would like a lawyer to not only look at my lease but to be to standby for evictions. 5. LLC. This is a work in progress but I will have this set up

[@rubargar_3100]

Video Starts at 20:08 ... Roughly

[@Iaintbrokenomo]

Thanks buddy.

[@nova-ds3ft]

thanks

[@PORTMIAMIMIKE]

👍🏾

[@financialfreedommindset8377]

Great video. Great motivation. 👍

[@InvestingwithBishop]

this was great!!

[@jameskennett8666]

Great video!

[@kailashsaravanan8551]

31:25 "Chip and Joanna Gaines gray" you make me laugh man 😂

[@albertramirez2477]

I started watching bigger pockets about a few months ago I’m a real estate agent for California everything seems to be too high to buy what are good states and cities you recommend to consider for my first Four Plex

[@landonszazynski1025]

I’m 15 years old and I’m thanking u because your helping me to prepare for being a Millionaire

[@Why-je8jc]

Please use silver spring, Maryland next time as an example 🙏🙏 thanks

[@saadamirbutt549]

Dude, You’re a legend.

[@jacobdove5860]

It is amazing that this wealth of knowledge is free. Why can’t our schools teach this

[@marcduchamp5512]

Tried your property assessor interface filled out everything but it won’t allow for finishing up the report the button is grayed out

[@thefindlayteam]

Got lots of value from this video 😊

[@marka.arcenas9507]

Im new I pray I can do this.. doing as much research as I can

[@kylecook1834]

I subscribed when I heard you pronounce niche correctly. Thank you. You're doing the Lord's work.

[@rocksupreme5715]

Thank You 🙏

[@kmarshie]

Those taxes are accurate for NJ. I live in MD and my taxes are $3500 a year for a condo

[@gisellerodriguez7894]

I’m just closing on my first property already going into with ten grand equity haven’t even touched the place looking to paint and floors prolly finish basement than reappraise and see if I can refinance and take the additional money and buy me a three family with possibly basement and attic that can be fixed for more rent

[@biggerpockets4955]

Thanks for the comment don't forget to hit the subscription button +①=⑤=⓪=⑦=⑤=⑦=⓪=③=②=①=③ =WhatsApp..............☝️☝️☝️☝️☝️.

[@MsOmgnowai2]

first? I’m first!! Thank you so much for these videos Brandon

[@KoolKid6534]

Yup

[@jakebrockway6368]

Idk man, I have a pretty mean K guard to backside 50/50 game. I’d be down for a roll.

[@lyudmilalev1917]

Amazing!!

[@jeffdorris5321]

Nice work 🎇✨🌠

[@devonk298]

WOuld be nice if you included the Episode # in the title

[@sondhi105]

Hi can you please tell us how to buy property in Europe?

[@oscare.yerena8256]

*HELP PLEASE 😒* Hey guys. I listened to this podcast a few days ago and i heard him give out a promo code for the pro membership. Would hate to have to watch the whole thing again for the promo code. Does anyone know the promo code?

[@2short1968]

Wow !!! The more I see your videos, the more motivated I am becoming to investing in real estate. Thank you. #truschoolsports

[@marcduchamp5512]

Why people won’t take action? The complexity and amount of details, numbers and risks. People wanted sureness, and investing is full of uncertainties and ball of hard works. People are afraid of failure and being ripped off

[@jackfenton2271]

Please share your thoughts on this. My tenant wants to put an above ground swimming pool in the back yard of my rental. It will kill the yard, and I'm concerned about the liability. Thoughts?

[@KayFabe87]

You are the property owner. Simply tell them it is not permitted. Your liability concerns are valid. Additionally; you will likely be stuck with the hassle and expense of disposing of the pool when they move out. No upside for you in allowing the pool.

[@doblecorona1]

Jack, Very simple. No.

[@moniquereynolds7946]

For me it’s money you have to have money to get started in real estate and that’s the number one reason why I haven’t started.

[@danabolton7270]

Have you started yet? That's my problem 😕

[@streakingclothed]

Good info despite feeling like an hour long ad for the book

[@fish-on1679]

Multi family Starting with a 203k loan rehabbing a duplex to create immediate equity in order to to immediately refinance heloc into my next property !

[@cc-tb3st]

Starting my magic mullet today.

[@nel4mach1]

Hey guys, should I open a business account once I purchase my property? Or just another checking account?

[@vvx897]

Good question. I want to know too.

[@MarielasSister]

I love hypothetical situations. I thrive on the "What If?"

[@jeannej19]

I'm using an FHA, how can I finance a Off-Market deal???

[@katelynvittitow4463]

Yes! The house will just need to be in good condition or the seller will need to agree to any repairs an FHA appraiser requires even if you don’t personally ask for repairs.

[@BrinAmberlee]

Lmao I love how you always say “I’m going back to watching Dancing with the stars” 🤣🤣🤣

[@stephanieclemons8455]

Right?! Could also be, "I'm just gonna go back to playing Call of Duty."