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Rental Property Investing 101 - Getting Started in 8 Steps

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BiggerPockets

BiggerPockets

6 жыл бұрын

Thinking about getting started investing in rental properties?
Looking forward to the wealth and passive income that rental properties can bring?
This video is designed to help you learn the eight steps needed to begin your rental property investing 101 journey. Taught by Brandon Turner, author of "The Book on Rental Property Investing," you'll learn how to:
- Make a Plan
- Choose your market
- Build your team
- Figure out Your Financing
- Start getting leads
- Analyze deals
- Offer and Negotiate
- Close and Manage
And much more. Enjoy!
www.biggerpock...
Check out Brandon’s #1 bestseller, Rental Property Investing, at BiggerPockets.com/RentalPropertyKZbin

Пікірлер: 1 200
@jdrou
@jdrou 5 жыл бұрын
I am 17 and just bought my first house to use as a rental property. I wanted to start early because I think it’s smart.
@ontheVERGE.
@ontheVERGE. 5 жыл бұрын
I’m 16 and would like to do the same
@jdrou
@jdrou 5 жыл бұрын
r o c k y that’s awesome!! The earlier you can start the better. I have made money online and I wanted it to work for me, not just sit there, that’s why I’m investing now
@prestonleeporter04
@prestonleeporter04 3 жыл бұрын
How’d you make the money?
@kylesummers7449
@kylesummers7449 2 жыл бұрын
Hey how are things going with your rental?
@boywithbali3830
@boywithbali3830 2 жыл бұрын
How’s it gone
@NightShineASMR
@NightShineASMR 6 жыл бұрын
video starts at 2:27
@romariosmith422
@romariosmith422 6 жыл бұрын
Not all heroes wear capes.
@pantherslapgames700
@pantherslapgames700 6 жыл бұрын
no no no this guy gets you hyped at the beginning.
@zzdesolatezz
@zzdesolatezz 5 жыл бұрын
Lmao tyvm
@Pnoysneakerhead24
@Pnoysneakerhead24 5 жыл бұрын
not all heroes wear capes
@hiddenwolfedj
@hiddenwolfedj 5 жыл бұрын
Lol
@Diwash1
@Diwash1 4 жыл бұрын
This is the most general advice I have ever seen and seems nothing more thatn you trying to sell a dream and sell your book.
@aldomalaj1322
@aldomalaj1322 4 жыл бұрын
Correct !
@socialmedia5448
@socialmedia5448 4 жыл бұрын
I felt the same way until I found this channel, he really is down to earth and gives great step by step advice kzbin.info/www/bejne/oH-sXmOgqqqjgsU
@sasa2979
@sasa2979 4 жыл бұрын
From the stand point of someone who had no idea how to even start, I think it was a great video. We all have to start somewhere.
@markrichard3237
@markrichard3237 4 жыл бұрын
Who knows maybe if we dig deeper , he might not even own 1 house in his name , lol
@kevinrushing5667
@kevinrushing5667 4 жыл бұрын
Ace well that’s just racist. Every race has a ton of scammers. Every been emailed by a Nigerian prince who needs your help? Or an Indian guy who wants to pay off your student loans?
@dylanh1093
@dylanh1093 4 жыл бұрын
Bought my first rental prop at 20. 4 bed single family home. $103k, now valued at $265k with $40k in updates(all profit from renters).
@movies8682
@movies8682 2 жыл бұрын
how did u buy?
@nathanhouterman3440
@nathanhouterman3440 6 ай бұрын
mummy and daddy hand outs @@movies8682
@PlayYourSongz
@PlayYourSongz 6 жыл бұрын
Working on my second property right now. Goal is 50 rentals in 5-7 years. Love your vids
@mr_digdeeper
@mr_digdeeper 6 жыл бұрын
David Grant what kind of property do you have? Is it a lot? A house? Or?
@huey1153
@huey1153 5 жыл бұрын
AC Hustle probably not a lot lol
@zeon_trl1326
@zeon_trl1326 5 жыл бұрын
robbybaby1200 I’d say yes!!!! Build credit and save
@jasonadkins1455
@jasonadkins1455 5 жыл бұрын
robbybaby1200 Build up your credit and save capital for your first investment. Most banks require 20% down on investment properties. Study your market while you’re working on the credit and capital. Good luck.
@younglegend6878
@younglegend6878 4 жыл бұрын
David Grant if you don’t mind can you tell me how you started..I currently have a 730 credit score and I’m interested in using my credit to get into rental any advice?
@samuelteddy.439
@samuelteddy.439 2 жыл бұрын
*Rich people plays the money game to win.* *Poor people plays the money to not lose.* *The goal of the truly rich people is to have massive wealth and the poor sees a surplus as an opportunity for consumption instead of investing it.* *change your mindset and do what the rich does,* *which is investing,* *investing and investing.*
@joanbryan4595
@joanbryan4595 2 жыл бұрын
That's right sir.
@joanbryan4595
@joanbryan4595 2 жыл бұрын
Investment should be what every wise person should engage in.
@patersondavis3858
@patersondavis3858 2 жыл бұрын
Yeah. Poor people plays the game not to lose because they don't have much to lose on the same game.
@patersondavis3858
@patersondavis3858 2 жыл бұрын
So they have to be sure
@samsonrubby4337
@samsonrubby4337 2 жыл бұрын
@@patersondavis3858 lol that's true.
@JamilMiah
@JamilMiah 5 жыл бұрын
- Make a Plan - Choose your market - Build your team 3:59 - Figure out Your Financing - Start getting leads - Analyze deals - Offer and Negotiate - Close and Manage
@jlg8689
@jlg8689 5 жыл бұрын
Jam I just took a snapshot of this comment lol thanks
@XD-cn5wb
@XD-cn5wb 5 жыл бұрын
Shut up
@petersmith9254
@petersmith9254 5 жыл бұрын
Jam what do you mean build a team like a bussiness partner?
@redgear4566
@redgear4566 5 жыл бұрын
Peter Smith I’m assuming real estate agents, lawyers, lenders, property management and befriending other real estate investors.
@petersmith9254
@petersmith9254 5 жыл бұрын
redgear4566 gottcha
@munnirharuna2279
@munnirharuna2279 2 жыл бұрын
Hello what is the best way to get started with bitcoin investment or Forex trade cos I have been making my personal research for a while now
@kabirumuhammadbello5387
@kabirumuhammadbello5387 2 жыл бұрын
That is true you need an expert broker an account manager to make good profit from bitcoin trade
@tinawright6750
@tinawright6750 2 жыл бұрын
I can't believe I was able to have $30000 worth of Bitcoin in just one month and half of trading with expert Mr Nicholas Barron trading services. Come across some nice comments about him on KZbin and I give it a shot. I don't believe in Bitcoin before
@guccimary3427
@guccimary3427 2 жыл бұрын
I'm also benefiting from Mr Nicholas Barron trading services. I was afraid investing with his platform until I got confused by my friend who link me up with him and since then I've been earning at least $5,400 profit weekly from every $1000 I invested with him
@oluwatayotimileyin4081
@oluwatayotimileyin4081 2 жыл бұрын
Mr Nicholas Barron is obviously the best broker I invested $3000 with him I made a profit of $20000 on a short-term it was mind-blowing
@kendobest2651
@kendobest2651 2 жыл бұрын
I lost about $4000 to scammers before I was referred to Mr Nicholas Barron trading service believe me he help me recover the $4000 I lost by the scammer and made me an extra profit of $13000 in the space of one week and three days after trading with our broker
@sholafabolasi
@sholafabolasi 6 жыл бұрын
Im 23 and just purchased my first home that im actually living in. Now wanting to purchase a couple of rental properties in the area which is a little scary but worth it.
@monikakelly8671
@monikakelly8671 6 жыл бұрын
delores delores do it! I’m 40 and just purchased my first rental. It’s never too late or too early!
@Allpr095
@Allpr095 5 жыл бұрын
How much did you put down on the house?
@monikakelly8671
@monikakelly8671 5 жыл бұрын
Bought out right in Springfield, MO. $30k. For a run down house from 1928 with an extra lot.
@mccatdaddy
@mccatdaddy 5 жыл бұрын
Awesome, good job. I just bought my first home, 21. $45,000 for house, 1.5 acres and old barn. And put 9k down on it. Goal is to have this fixed up and paid off in 3 years, then buy another fixer up, and rent this one out. By age 30, I want to own at least 3 homes, and rent two out, then keep adding up from there, I want at least 10 rentals before I quit full-time job.
@Propelio
@Propelio 5 жыл бұрын
dont be scared - just tap into your local REIA group and network within the community with like minded investors that you can lean on if times get tough...
@LivingOffRentals
@LivingOffRentals 4 жыл бұрын
Great advice! These 8 steps are simple, not easy, but totally worth it! My families financial picture massively shifted when we went from flipping to purchasing rental properties several years ago. There is no better way for the average person to build wealth (relatively quickly)!
@jasonadkins1455
@jasonadkins1455 5 жыл бұрын
Closing on my 2nd rental in less than 30 days. Whoop whoop
@raykingsterling6939
@raykingsterling6939 5 жыл бұрын
Jason Adkins what's you first?
@jasonadkins1455
@jasonadkins1455 5 жыл бұрын
@@raykingsterling6939 My 1st rental is a 3 bedroom 1 house single level.
@jasonadkins1455
@jasonadkins1455 5 жыл бұрын
Rehabed and tenants are moving in on December 1st.
@Propelio
@Propelio 5 жыл бұрын
@Jason Adkins - have you made it to your 3rd yet? how are the first to coming along?
@jasonadkins1455
@jasonadkins1455 5 жыл бұрын
I am hoping to get my 3rd in March.
@kristasartoris2946
@kristasartoris2946 2 жыл бұрын
*if you give people multiple opinions, they tend to choose between the options rather than thinking yes or no* wow! Brilliant tip! ✨
@NathanLewis7871
@NathanLewis7871 3 жыл бұрын
Just started learning about stocks.. This is by far the best I've seen. Others are too focused on bragging how good they are, how much they earn without really being informative. Glad I saw this and I do not want to make mistakes by taking risks in my own hands.
@jakethompson8737
@jakethompson8737 3 жыл бұрын
Most newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering
@kevinjohnstone4023
@kevinjohnstone4023 3 жыл бұрын
finally someone that can actually teach you something instead of trying to get views and subscribers
@driftgod7894
@driftgod7894 3 жыл бұрын
Truth be told, I have my portfolio managed by an investment broker, with her help i was able to make huge profits from my investments.
@NathanLewis7871
@NathanLewis7871 3 жыл бұрын
@@driftgod7894 i ll love to know about her and preferably get to try it out.
@driftgod7894
@driftgod7894 3 жыл бұрын
@@NathanLewis7871 You can look her up online, her name is FREDA LYNN JOHNSON. She does a very nice and thorough job
@jonandivyjones
@jonandivyjones 6 жыл бұрын
I really like these short videos that get straight to the point in a short amount of time. Keep em coming!
@tiktakhouses7316
@tiktakhouses7316 4 жыл бұрын
Yes! We really like them too!
@rajaneew
@rajaneew 3 жыл бұрын
Purchased my first home in SC at 22, husband got stationed in NC so we're renting it out. We're closing on our second home tomorrow!
@lm12cm
@lm12cm 3 жыл бұрын
How did you guys rent it out? Did you use a property manager?
@Berta2real
@Berta2real 2 жыл бұрын
@Lee we ALL care…that’s why we’re here, beloved
@bros4life555
@bros4life555 6 ай бұрын
Update? How are things going for you now?
@rajaneew
@rajaneew 6 ай бұрын
@lm12cm Sorry, just seeing this and, yes. Property managers have been wonderful
@rajaneew
@rajaneew 6 ай бұрын
@@Berta2real I knoww
@Nuevomitch
@Nuevomitch 5 жыл бұрын
I bought my first rental at 27. It's worth less than I paid for it. It only cash flows $100 per month and I have about $5,000 in maintenance that I need to pay. Back to the stock market I go!!
@ShaunCraikeSmartInvesting
@ShaunCraikeSmartInvesting 5 жыл бұрын
Great insight. I think the thing many people miss is time. Buy cashflow positive properties now and in 10 years they will really be bringing in money and setting you up for financial independence.
@wildtill9
@wildtill9 4 жыл бұрын
Zactly what I did
@LivingOffRentals
@LivingOffRentals 4 жыл бұрын
Exactly! Get rich SLOW! It's not as sexy, but the most effective way to do it!
@v12bat51
@v12bat51 5 жыл бұрын
I'd say the number one rule in real estate investing is outsourcing your tasks to others, be it property managers, contractors, etc. In fact in any business you shouldn't try to do everything.
@wildtill9
@wildtill9 4 жыл бұрын
Yes and no. When you start out the greatest problem is usually money. So doing everything yourself helps with that issue...….But after everything is up and running the greatest issue is time - so then you want to sub out as much as possible
@jackoff8644
@jackoff8644 5 жыл бұрын
I am 17 and own 3 properties and am an invester already. I left school at 15 after reading a book called rich dad poor dad. My mother’s uncle is also an invester and had recommended that book to me. When I left school I went straight into a trade and started saving money ($300 a week to be precise). The book rich dad poor dad I strongly recommend because it surely helped me. Get out there and don’t let anyone stop you 😎👊🏼💰
@trenton1
@trenton1 5 жыл бұрын
Amazing, I quit school in 6th grade because the 10 multimillion properties i managed weren’t enough for me. I went on to owning Walt Disney and planet Earth and get paid infinite amount of money every month.
@cameronhaagsma7473
@cameronhaagsma7473 2 жыл бұрын
@@trenton1 can’t tell which one is real
@xxtaconiqqaxx3668
@xxtaconiqqaxx3668 Жыл бұрын
As I was gonna start kindergarten I dropped out cause child care was ruining my family so I started working in sweat shops getting paid pennys to nothing but I managed to save and I took a smarter route purchasing mansions and renting them out all from a book I ate called real easate for dummies and from doing this I Know if I Can Do It So Can You
@yubee512
@yubee512 Жыл бұрын
When I was in my mama tummy, I was already a real estate investor. I popped out and bought 5 houses already. Life is good. Now I really can't tell which one is real.
@rianosherry860
@rianosherry860 2 жыл бұрын
Should we wait to see how the market plays out?’ I live in Arizona, and want to purchase a rental home in Texas. Is this a good time?
@Gbdnd
@Gbdnd 2 жыл бұрын
Seems there is a perception by many that real estate is the best way to build wealth, after all, the past few years have resulted in extraordinary appreciation. Those price gains are unlikely to continue and the risk of a down cycle is increasing. While real estate is a great way to diversify a portfolio and hedge inflation, the article points out the advantages of investing in equities. Granted, equity markets fluctuate but over time, a low cost S&P 500 ETF will likely outperform. Finally, there are ways to invest in real estate without having to be a landlord and deal with the headaches that come with it.
@kucheranraina9201
@kucheranraina9201 2 жыл бұрын
I suspect that real estate will be impacted by the current inflation. Starting in 2019 housing prices started to increase and since then they have continued to increase in 2020, 2021, & 2022. Will this increase continue? Who knows. But many of the current purchases are for cash and the fact that interest rates are rising doesn't have quite the impact on cash purchases. Although those paying cash may begin to realize that their money could earn more with short term investments in fixed rate items. Generally trees don't grow to the sky so use some common sense.
@AyaanFarax223
@AyaanFarax223 2 жыл бұрын
@@Gbdnd I’m 60 years old looking to diversify part of my savings say $250k into real estate but I hear it is not a good time to invest in Real estate. Can i get any idea on other options?
@Gbdnd
@Gbdnd 2 жыл бұрын
@@AyaanFarax223 Really acknowledged your comment, My portfolio grew by 1,000% within 8 months. Couldn’t have put it better myself. Last year a colleague introduced me to a financial consultant Jennifer Elizabeth Boland who has been helping me find investments that have significant growth potential. She invested my money in reputable companies which their stocks must always rise after any dip.
@Gbdnd
@Gbdnd 2 жыл бұрын
@@AyaanFarax223 Through her you can get strategies designed to address your unique long-term goals and financial dreams.
@1Road2Success
@1Road2Success 5 жыл бұрын
Brandon I may be late to the party because I just discovered you this week... BUT if you haven’t already, you definitely should give a TED Talk! Your message and delivery needs to be given to the masses!
@FitnessRick
@FitnessRick 6 ай бұрын
The first three minutes of this video can be skipped
@poms_beats
@poms_beats Ай бұрын
Why? I found it interesting lol
@mobeastcave3004
@mobeastcave3004 4 жыл бұрын
Purchasing my new property this weekend. Bought my first two properties when I was 21 and sold them a few months later because I didn’t know what I was doing. But I’m much more knowledgeable and ready now. Time to own the South African market again!
@vincenthovorka
@vincenthovorka 5 ай бұрын
Thank you for the invaluable insights on property investment! Your expertise shines through in every video, making complex concepts easy to understand. Your dedication to educating your audience sets you apart, and I'm constantly inspired by your commitment to helping others build wealth through real estate. Keep up the fantastic work - you're truly making a difference in people's financial futures!
@technical19d34
@technical19d34 5 жыл бұрын
Seems like the best way to accomplish alot of these smaller goals is to join a local RE investing organization and start networking. They usually have alot of good property leads as well.
@wildtill9
@wildtill9 4 жыл бұрын
totally agree
@alexb4127
@alexb4127 4 жыл бұрын
What happens if the rental property needs fixing up (changing the roof, flooring etc) where does the money to do the repairs come from? Do you include it in the loan or is it your own money?
@mackens6320
@mackens6320 5 жыл бұрын
Core 6 5. Lawyer (Closing, Contracts, etc..) 6. CPA (Real Estate Accountant)
@marcussavina2726
@marcussavina2726 5 жыл бұрын
Very good point
@TheDogondone
@TheDogondone Жыл бұрын
My first year doing it. Start small grow big - it's easy to get overwhelmed. I started w. A literal tiny home.
@margaretlou3993
@margaretlou3993 4 жыл бұрын
Professional guidance brings about remunerative results. Great job Payden, you exceeded my expectations. Thank you.
@margaretlou3993
@margaretlou3993 4 жыл бұрын
Oh that’s quite easy. Payden has helped me build my portfolio over the years, and make profitable investments. Reach him on ... *Xanderpayden (a) g ma il. Com...* for further inquiries.
@alasdairruthven3106
@alasdairruthven3106 4 жыл бұрын
I can tell you personally that this is nothing but the truth. If I hadn’t gotten expert guidance, I wouldn’t have made it this far.
@fernandojaimes4120
@fernandojaimes4120 5 жыл бұрын
All I can say is, Thank you! I have learned so much for free here!! It is definitely worth every second I spend here
@rtubbs5192
@rtubbs5192 4 жыл бұрын
Buying my first rental property next year. Can’t wait
@kelsieamiyahh
@kelsieamiyahh Жыл бұрын
Brandon Turner. If your story is true, you are living out the life I am currently praying and working for. Thank you for sharing to the internet. Many will watch, few will act. I am few. Thank you.
@Otto505
@Otto505 Жыл бұрын
How’s it going so far
@bradleypost8971
@bradleypost8971 5 жыл бұрын
I'm 17 and about to graduate high school but don't have much in savings and have no credit or money. I also live in an expensive area (NYC suburbs) so I'm considering building savings for a few years and buying properties when I graduate college in a few years at 20 (started CC early with a lot of credits). I'm thinking of moving to SW Florida, Houston, or Phoenix and investing there since most properties are cheaper than where I live and the populations are growing significantly in these areas.
@halljaso
@halljaso 5 жыл бұрын
Hey Brandon, first time watcher!! Great content! I’m gonna sit at your feet and soak up the knowledge and try to apply it here in 2019. Thx 4 sharing!!🙏🏽
@Uxamakiani
@Uxamakiani 4 жыл бұрын
I have a better option for you if you want to increase your money
@acedjgaming6779
@acedjgaming6779 4 жыл бұрын
Wow man you're such a great storyteller. Love how you told your own story in the 3ed person then revealed it was you at the end. That was so dramatic and inspiring. I want your life man! (And your beard)
@nikkaromero9388
@nikkaromero9388 3 жыл бұрын
This is a Nice video.... So inspiring but do anyone knows about expert Mrs Lisa. Mrs Lisa is legit and her method works like magic I keep on earning every single week with her new strategy
@judysamaniego1606
@judysamaniego1606 3 жыл бұрын
Mrs Lisa is obviously the best, I invested $3,000 and she made profit of $28,000 for me just in 15 days
@judysamaniego1606
@judysamaniego1606 3 жыл бұрын
Her success story is everywhere
@Soniaganhi
@Soniaganhi 3 жыл бұрын
Seeking for her contact details👇
@Soniaganhi
@Soniaganhi 3 жыл бұрын
+ 1 (5 0 5) 3 9 3 7 6 5 3🇱🇷
@Soniaganhi
@Soniaganhi 3 жыл бұрын
+ 1 (5 0 5) 3 9 3 7 6 5 3🇱🇷
@patrickfinn7041
@patrickfinn7041 5 жыл бұрын
thank you so much for making real estate easier to comprehend. cheers
@Internationale1
@Internationale1 5 жыл бұрын
This is exactly why i drive an old car and still have a high paying job. While everyone else is busy 'working' for big corporations by buying their expensive products and servicing them, i'm paying myslef first! By investing :) be smart and do the same people.
@maurosgarage
@maurosgarage 5 жыл бұрын
completely agree. Im about to graduate University and see many of my friends driving new cars they cannot afford, just to impress and look good. I much rather invest and not live pay check to pay check.
@leonhenry4861
@leonhenry4861 5 жыл бұрын
How do you know what everybody else is doing? I work for a big corporation, and I also buy loads of gadgets but I also invest. So I ask you what's the point of your statement?
@h88sixtyone38
@h88sixtyone38 5 жыл бұрын
Do both invest and live at the same time. Live while you still have testosterone
@huey1153
@huey1153 5 жыл бұрын
You can do both... my aunt has a 911 gts but also has 4 rental properties and a share of her company
@isidoramartinez6510
@isidoramartinez6510 3 жыл бұрын
Same here dear!! I can careless about the expensive cars
@voodooprincess11
@voodooprincess11 5 жыл бұрын
I'm hoping to start on that trajectory within a year or two. Passive income through real estate investment is where it's at!
@brandonrobinson5168
@brandonrobinson5168 4 жыл бұрын
Man you have changed my perspective on life! Priorities first! Thank you so much Mr. Brandon Turner!
@armandodeluna609
@armandodeluna609 5 жыл бұрын
I should of said no to drugs
@joey_bonesjr3230
@joey_bonesjr3230 5 жыл бұрын
Yup. I just did and things are looking up. Never too late
@danmclaughlin1180
@danmclaughlin1180 5 жыл бұрын
You "should have" or 'should've'. Never use "Should of" as it is incorrect.
@mr.Swartz
@mr.Swartz 5 жыл бұрын
Don’t be a Puto! Step up your game and sell drugs now that you know the market.
@dhhddjhd8460
@dhhddjhd8460 4 жыл бұрын
Me to. But hey it's never to late.
@aaronsignore8067
@aaronsignore8067 4 жыл бұрын
never too late bro
@damonhughes325
@damonhughes325 6 жыл бұрын
Lots of great info at a fast pace. Had to rewind multiple times for some notes.
@SuperPrimeUK
@SuperPrimeUK 2 жыл бұрын
Great Brandon!
@viceroy4759
@viceroy4759 2 жыл бұрын
Very well explained Brandon Respect from Pakistan 🇵🇰
@Jramos444
@Jramos444 5 жыл бұрын
100% my plan for after high school
@diamondxcii9162
@diamondxcii9162 4 жыл бұрын
Legit just got out of highschool, and plan to get started sometime next year, hope it goes well for you!
@GabrielDaGoDDD
@GabrielDaGoDDD 3 жыл бұрын
I’m 19 and I’m already looking to build a team to buy rental properties 🤝💪🏼💪🏼💪🏼 glad to have build my financial IQ and I’m ready to take action
@tokeypokey
@tokeypokey 3 жыл бұрын
Just bought my first 4 unit for 55k it's 4 efficiency apartments at 350 a month that are in ok shape for the area but we all start somewhere
@WhereYaGoinJack
@WhereYaGoinJack Жыл бұрын
Great video. Helped me start my business. "where ya goin' Jack & co." 👍
@reneshajohnson284
@reneshajohnson284 5 жыл бұрын
I love these videos. They are very honest and inspirational.
@kirisutegomen12
@kirisutegomen12 5 жыл бұрын
Lol inspirational? Yes. Honest? Not at all
@2yearplan877
@2yearplan877 5 жыл бұрын
I'm new to all of this!! I have watched multiple videos and Brandon you have truly been a blessing. I'm so happy I came upon your videos, you get straight to the point and make everything easy to understand!
@socialmedia5448
@socialmedia5448 4 жыл бұрын
If you liked his video you will also like this one, I learned a lot here kzbin.info/www/bejne/oH-sXmOgqqqjgsU
@nick-xo3dw
@nick-xo3dw 2 жыл бұрын
if you found this video you on the right step. the next step is taking action.
@MJ31579
@MJ31579 4 жыл бұрын
I have a rental property and it has made me second guess this route. I think people sell it as easy and fast. I think stressing the need for research, homework and realistic expectations.
@michaelsimolke1152
@michaelsimolke1152 6 жыл бұрын
For everyone asking "what do I do now"... the answer is, go buy a house.
@ATLFUNKCARTEL
@ATLFUNKCARTEL 5 жыл бұрын
Michael Simolke this is what causes markets to crash
@css403
@css403 5 жыл бұрын
@@ATLFUNKCARTEL how does that make market crashing?
@adamdyer4911
@adamdyer4911 5 жыл бұрын
css403 people buying things they can’t afford and racking up a ton of debt. Look at what caused 2008 recession.
@youngkey3051
@youngkey3051 5 жыл бұрын
Adam Dyer that was because of bad written mortgages that were supposed to be backed and sold off. It’s not the people who bought the houses. It was bad contracting from the Wizard of Oz institutions....
@JayColucci1
@JayColucci1 5 жыл бұрын
@@youngkey3051 Amen! They gave out mortgages like the sample people at the grocery store.
@geyjune1551
@geyjune1551 4 жыл бұрын
Im inspired 😊 at age 24 i started with 7 rental units.. Hoping i can expand
@fatbabyjesus7387
@fatbabyjesus7387 3 жыл бұрын
Can you tell me how you started with 7 units?
@geyjune1551
@geyjune1551 3 жыл бұрын
@@fatbabyjesus7387 hello! I started with a salary loan
@boywithbali3830
@boywithbali3830 2 жыл бұрын
@@geyjune1551 hey, how has it gone?
@geyjune1551
@geyjune1551 2 жыл бұрын
@@boywithbali3830 its still operating, were planning to expand this year,
@boywithbali3830
@boywithbali3830 2 жыл бұрын
@@geyjune1551 awesome, I hope you can keep growing 👍👍
@RicardoSanchez-jg5un
@RicardoSanchez-jg5un 5 жыл бұрын
Just paused the video to write this comment. GREAT intro to the video about the 2 guys. Great content. Continuing now.
@KennTollens
@KennTollens 5 жыл бұрын
I blew all my money on a degree. Now I'm ready to actually make money on rentals, that I didn't need a degree for.
@pseudonymshqipe854
@pseudonymshqipe854 5 жыл бұрын
Lol so many of us
@prettybrwneyez7757
@prettybrwneyez7757 5 жыл бұрын
Join the club 😆
@bigpimping15
@bigpimping15 3 жыл бұрын
Lol that’s college for you
@interstateceo303
@interstateceo303 6 жыл бұрын
I was the first guy, trying to now become the second guy...
@SunnyDoesLife
@SunnyDoesLife 5 жыл бұрын
Danny 303 Assign v. Double Close kzbin.info/www/bejne/m3PXqZeAdq6WnJo
@chava3032
@chava3032 5 жыл бұрын
I’m the 4rth 😂 you from Colorado 2? I was thinking about buying in Texas
@jacemarley9888
@jacemarley9888 5 жыл бұрын
Danny 303 ha ha. That’s how I got here too
@iammaximus614
@iammaximus614 4 жыл бұрын
Danny 303 Yes, I know the feeling Just little late in the game, in Kalifohnia👌🏽😉
@epson9612
@epson9612 Жыл бұрын
im going to join the military shortly and i will leave it when im 22 with 90k and i will put all my money as down payment for a 120k house and charge 1.5k a month then use a va loan to get a house loan without down payments and get a loan for a 250k duplex where i will live for 1 year while renting to one person and charge about 2170 a month then get another tenant to live their when i leave and it will all be payed of by 27 without working after the marines i hope so atleast
@orderaaccount6939
@orderaaccount6939 4 жыл бұрын
All said and done you need to start saving for seed money first. Most Americans spend first save later.
@maherinrahman1177
@maherinrahman1177 3 жыл бұрын
Typically after mortgage and property management fees, there is only enough money left to pay the property tax. Please give us some pointer on how to increase the margin while using property management service.
@MattBuysHouse
@MattBuysHouse 6 жыл бұрын
do we need a beard to be successful at this?
@ZawayixFalconer
@ZawayixFalconer 5 жыл бұрын
Yes
@randomstranger9494
@randomstranger9494 5 жыл бұрын
it is my understanding, the more successful you become, the more beard you will unlock....
@Thermohybrid
@Thermohybrid 5 жыл бұрын
Lol
@KidCity1985
@KidCity1985 5 жыл бұрын
I'm a woman, do I need a beard?
@masterson0713
@masterson0713 5 жыл бұрын
Yes it's mandatory
@vasmajority45
@vasmajority45 5 жыл бұрын
Checked out the Biggerpockets website and basically in the fine print you have to pay them after using their stuff five times. Your call though.
@notarant5107
@notarant5107 2 жыл бұрын
I almost started to cry when he said keep going
@sandralucci4387
@sandralucci4387 5 жыл бұрын
Awesome advice. Thanks will be following all videos and I need all your books
@sebzjaime4966
@sebzjaime4966 4 жыл бұрын
19 just bought a 2019 Mercedes E300.... i feel stupid 🙃
@frankyre8521
@frankyre8521 4 жыл бұрын
I’m 20 and bought a 2018 civic. How much are you paying monthly for the Benz ? How much down payment ? I’m trying to get a rental property soon too. Oh and if you don’t mind me asking what do you do for work ? And about how much do you make to be able to afford that ? At 19
@AuraRazor
@AuraRazor 4 жыл бұрын
U are
@GregActonCPA
@GregActonCPA 3 жыл бұрын
I am trying to be that second guy! I have 3 rental properties at 32 years old and hope to buy a new rental property every single year!
@estafonmcphee2964
@estafonmcphee2964 5 жыл бұрын
When you say 100 rental property unit what do you mean? 100 cars or 100 car rental properties? It's a dumb question but clothes mouth won't be fed.
@RealLifeMoney
@RealLifeMoney 5 жыл бұрын
Great vid man! I’m starting to do more research, eventually have to make the jump to actually looking at properties
@siralex4928
@siralex4928 3 жыл бұрын
Mrs Patricia is legit and her method works like magic I keep on earning every single week with her new strategy
@travelingaroundlondon1303
@travelingaroundlondon1303 3 жыл бұрын
Wow I' m just shock someone mentioned expert Mrs Patricia I thought I' m the only one trading with her. She helped me recover what I lost trying to trade my self
@donnakaran9572
@donnakaran9572 3 жыл бұрын
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Patricia I think she is the best broker I ever seen
@carolburnett2201
@carolburnett2201 3 жыл бұрын
Thanks for introducing me to Mrs Patricia My first investment with Mrs Patricia gave me profit of over $24,000 us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
@helenmirren5265
@helenmirren5265 3 жыл бұрын
Yes I' m also a living testimony of expert Mrs Patricia , Mrs Patricia has changed my financial status for the best.all thanks to my aunty who introduced her to me
@frankmessina1040
@frankmessina1040 3 жыл бұрын
Who's this professional everyone is talking about I always see her post on top comment on every KZbin video I watched, I think I'm interested how can I get in touch with Mrs Patricia
@JenMaldonado
@JenMaldonado 3 жыл бұрын
Very well and simply explained. Due diligence and numbers play a key.
@boparks3204
@boparks3204 4 жыл бұрын
So should your first property be a rental or should it be the home you live in?
@todmas3077
@todmas3077 4 жыл бұрын
Need good credit to do this. I’m giving myself a year
@nic2cool4u11
@nic2cool4u11 6 жыл бұрын
hey im 14 and I want to be just like you. ive been doing research for the past month. I live in the bay area too so i think im in the perfect place. im not sure how to get started. when i get older if i still want to do this can u help me out. im a good kid and i get good grades.
@nic2cool4u11
@nic2cool4u11 6 жыл бұрын
I know alot of people that are blind to making money this way just like my parents
@michaelbacile8439
@michaelbacile8439 5 жыл бұрын
Hey buddy, it’s good that you’re already trying to educate yourself in financial freedom! Go to biggerpockets.com and talk to people there. Create an account and ask questions. By the time you’re of age and have the money you’ll hit the ground running! Good luck!
@strikey6300
@strikey6300 5 жыл бұрын
Was up I’m 13 and I’m from the bay too
@dapro2524
@dapro2524 4 жыл бұрын
Lmao investing in the bay as a newbie?! GOOD LUCK... youll need it
@LargerThanCats
@LargerThanCats 4 жыл бұрын
How do you get started? Easy, get a job and start saving.
@divestedkonservativekarame4269
@divestedkonservativekarame4269 3 жыл бұрын
This is the thing I've rented out properties in the past. For my own property but I don't have those properties anymore salon flyers kind of curious about this. I'm just curious I tell if someone wants 200 a month how much would they have to spend? Is it like 20,000 or what what would the what do people usually spend?
@BrewCrew-tq8oy
@BrewCrew-tq8oy 3 жыл бұрын
Working construction I've been laid off quite a bit this last year, I need steadier employment to get approved for a loan and currently working on my credit to get approved for a two or three family home.. I read that by living there your interest rates are far better. I think that's where I'll start. I cant keep working a job I hate.
@deadcell1
@deadcell1 3 жыл бұрын
Before you purchase a rental property you want to create an asset protection strategy to protect your assets in case of a lawsuit or divorce. You don't want to end up like a colleague of mine who got sued with the judgment exceeding his insurance policy limits and having the equity stripped from his homes.
@jeffghant4760
@jeffghant4760 5 жыл бұрын
I don't invest in real estate because I don't know how to fix houses which means I'll have to pay contractors tons to do the work and it'll eat up my profits. That's my only concern.
@Josh-ii1eq
@Josh-ii1eq 5 жыл бұрын
This is why condos are a great choice to start
@KnockoutInvesting
@KnockoutInvesting 5 жыл бұрын
Real estate investing is the way to go to build wealth. Rent it out and generate cash flow. Use the rent payment and cash flow to pay off the mortgage quick, then sell the house. You never ever have to put in your own money at all! Profit $$$ in ten years or less.
@_paper_chase_
@_paper_chase_ 4 жыл бұрын
I read your book. It was great. I'm going to reread it again before I jump into my first property. This coming year.
@matr1x83
@matr1x83 5 жыл бұрын
Wow!!! WTF??? Dude, I just got back from Barnes and noble and brought your RENTAL PROPERTY INVESTING book today! Now I’m on the toilet and decided to watch some videos(LOL). I click on the first vid I see, which is this one here......and you say your name! 😧 SO BIZARRE! So dope
@camicane2971
@camicane2971 5 жыл бұрын
How does the bank approve you for a loan for multiple houses?
@jvaldez5
@jvaldez5 5 жыл бұрын
Cami Cane I’m using a cash out refi on my first house. This will pay off my second investment property I will close on in two weeks. Hope this helps
@chosencode8843
@chosencode8843 4 жыл бұрын
jvaldez5 hello ! Do you have an Instagram I want to learn from you , I’m 17
@jamarmeadows
@jamarmeadows 5 жыл бұрын
Thank you for this video sir. I look forward to getting into real estate and these tips are awesome!! Thanks again.
@Uxamakiani
@Uxamakiani 4 жыл бұрын
Sir i have one more option for you if you are interested then let me know
@sambuss1762
@sambuss1762 Жыл бұрын
How do you go about investing into property if you’ve have unfortunately dig yourself into a credit hole. Is there a way to invest and get approved for loans for property rentals even with bad credit?
@35057
@35057 5 жыл бұрын
I should be getting into this here shortly (year or so.) I have a very successful real estate broker for a friend that is practically mentoring me through the whole process. Doing a couple flips first to get started. But I’m really excited and ready for a new start. I’m 38 so I’m starting late but my body can’t do physical trades anymore. I’m in an excellent area for this also. (On the coast)
@Propelio
@Propelio 5 жыл бұрын
mentorship is huge! also - never to late to get in!
@scottstewart8737
@scottstewart8737 5 жыл бұрын
I shouldn't have bought that motorcycle
@trimmatluma
@trimmatluma 5 жыл бұрын
Scott Stewart always buy a motorcycle
@giancarlopiroli7166
@giancarlopiroli7166 5 жыл бұрын
yeah always buy a motorcycle
@miasnieuwoudt8952
@miasnieuwoudt8952 5 жыл бұрын
Selling myne to have more money for rentals to make money for better motorcycles😂
@huey1153
@huey1153 5 жыл бұрын
What if you made the motorcycle come with the rental property? 😉
@ForeverTakenKeys
@ForeverTakenKeys 5 жыл бұрын
I'm kind of a mix between story one and two.
@rodthomas7280
@rodthomas7280 5 жыл бұрын
Thanks for sharing your insight. You provide appropriate advice.
@gilles3080
@gilles3080 3 жыл бұрын
Very informative. thanks
@barrick4807
@barrick4807 5 жыл бұрын
Im story one that wants to be story two. I’ll be watching all these videos sold my 40k car now I’m driving a 300$ car.
@JeffTheEntrepreneur
@JeffTheEntrepreneur 5 жыл бұрын
Wish I watched this before my 997 course
@Uxamakiani
@Uxamakiani 4 жыл бұрын
you have still option to invest your money and make it increase day by day
@jeremiah4267
@jeremiah4267 Жыл бұрын
by "buy" rental property, do you mean actually buy the entire price tag? Or just borrowing money and renting out the house the bank actually owns.
@user-gx8xf6wt7j
@user-gx8xf6wt7j 3 жыл бұрын
Old video but figured I would ask. I am 34 and renting an apartment that I like. But looking at buying my first place but only to rent it out. Can I use a conventional loan to buy my first place only to rent it out immediately or must I live in it first for a year?
@siontable
@siontable 5 жыл бұрын
Brandon , now THAT was an awesome 8 minutes of clear, concise,, summarized, information on real estate investing and the framework to make it happen! Well done!
@manubisbee1
@manubisbee1 6 жыл бұрын
Great video. Question how do you keep buying homes. Loan officer said only option for me is to put down 30k. I don’t have that much each time to purchase. Any advice would be much appreciated
@charleswalker6109
@charleswalker6109 6 жыл бұрын
Manu Alexander no way! I buy houses in full for less than 50k and make awesome returns on them. My tenants pay all my bills associated with the properties and we have them paid off inside of 4yrs. Be comfortable with the market(s) you want to buy in. But don’t count out markets simply because they are not near you. I also work with several out of state and out of country investors who need advice/help with finding their properties in my area.
@AprilCarterVPRILCVRTER
@AprilCarterVPRILCVRTER 5 жыл бұрын
I’ve had this same question. I’m ready to invest but at 20% down for investment loans sucks.
@huey1153
@huey1153 5 жыл бұрын
You don’t have to buy in your area, looking for surrounding areas for cheaper. But honestly 30k is pretty reasonable for this
@nextlevelrealty9653
@nextlevelrealty9653 5 жыл бұрын
Next Level Real Estate Investor !
@ServiceStarRealtyPhoenix
@ServiceStarRealtyPhoenix 3 жыл бұрын
Thanks for this helpful and informative video!
@gedenirfiorese3523
@gedenirfiorese3523 6 жыл бұрын
Tell me if my long-term strategy is wrong.. I am saving now as much as I can (reasonably good amount), not taking action and only watching videos and thinking about books to read. By the time I get enough $$, I’ll contact the professionals, the ones who already do and succeed (like you) in this field to help me make good real estate investments.
@josd1411
@josd1411 6 жыл бұрын
Gedenir Fiorese . No. Educate yourself, save your money, educate yourself more, take the leap. It's not rocket science. You've just got to trust in your abilities.
@leonhenry4861
@leonhenry4861 5 жыл бұрын
When you say contact the professionals who are you talking about?
@huey1153
@huey1153 5 жыл бұрын
I would recommend talking to your family members, I didn’t know this about mine, but after a lot of them finished paying off their homes they either sold or rented them out. You probably have the same, also see who has maintenance experience
@nathanmathurin4717
@nathanmathurin4717 5 жыл бұрын
@@josd1411 thank you for this
@paisleethinks
@paisleethinks 4 жыл бұрын
Thank you so much for this information, I was literally just weighing up whether to buy a new car or keep saving for my first investment. This was so insightful👏🏼
@Uxamakiani
@Uxamakiani 4 жыл бұрын
sir i have a better option for you if you want to save your money and make it increase day by day
@rumahjakartabekasidijual
@rumahjakartabekasidijual 8 ай бұрын
Properties can generate income through rentals, adding a layer of financial flexibility for owners.
@tiffyb364
@tiffyb364 2 жыл бұрын
I like your intro it was like a real story but really intriguing that you almost made it like about thiis random guy really creative
@savanna983
@savanna983 3 жыл бұрын
Nice strategy i must say. I didn't earn as much as this video claim but i earn about 3250usd every week and i don't do that using video
@castroserrano3719
@castroserrano3719 3 жыл бұрын
Bitcoin is the most profitable investment online if only you trade with a professional broker
@iglesiasortiz6249
@iglesiasortiz6249 3 жыл бұрын
How do i get a professional broker i have been wasting my time trading on my own and blowing up my account
@frankmuth1552
@frankmuth1552 3 жыл бұрын
I'll advice you try expert Mrs Sabrina her trading strategies is really working for me cutting losses and ensuring profits
@frankmuth1552
@frankmuth1552 3 жыл бұрын
+1(626)360-1525
@frankmuth1552
@frankmuth1552 3 жыл бұрын
👆👆@whatsapp
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