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Episode 161 – It can be SCARY to buy your first rental property. But this video removes the mystery and shares the exact steps you need to safely & confidently buy your first rental. These are also the exact steps Coach Carson has used to buy over 100 rental properties over the last 18 years.
▶ Next Video: My First Rental Property 17 Years Later
• My First Rental Property (17 Years La...
Timestamps:
0:00 Intro
0:27 #1 Find your strategy
2:14 #2 Pick a target market
5:20 #3 Identify good deal criteria
7:46 Free rental calculator spreadsheet
12:11 #4 Preapproved for financing
14:36 #5 Save for down payment
17:41 #6 Build a team
19:33 #7 Evaluate 25 properties
20:54 #8 Make offers
22:45 #9 Contract & due diligence
26:35 Closing thoughts
Video Links:
• MY COURSE ON DUEDILIGENCE/PAPERWORK TO BUY PROPERTIES: https://www.coachcarson.com/ctocYT
• FREE SIMPLE RENTAL ANALYSIS SPREADSHEET: https://www.coachcarson.com/rentalpr...
ADDITIONAL READING discovering a target market:
• My Guide to Picking a Market: https://www.coachcarson.com/idealmar...
• Real Wealth Network https://www.realwealthnetwork.com/lea...
• Roofstock https://learn.roofstock.com/blog/best...
• SmartAssett Price to Rent Ratios in 50 Largest US Cities https://smartasset.com/datastudies/p...
⚒ Get my FREE Real Estate Investor Toolkit:
https://www.coachcarson.com/toolkityt/
My Real Estate Courses: https://courses.coachcarson.com
30 Days to a Better Rental Investor
Creative Financing for Real Estate Investors
My Books:
The Small & Mighty Real Estate Investor:
https://www.coachcarson.com/smallandm...
Retire Early with Real Estate:
https://www.coachcarson.com/retiremen...
DealMachine Software to help you buy more real estate deals:
https://www.coachcarson.com/dealmachi...
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For everything else: http://www.CoachCarson.com