⭐ Join Rental Property Mastery, my coaching & learning community:
https://www.coachcarson.com/RPM-YT
🎙️ 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
https://youtu.be/9nYmlZfPF7Y
🎬 Topics Covered:
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 - Pre-approved 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 DUE-DILIGENCE/PAPERWORK TO BUY PROPERTIES: https://www.coachcarson.com/ctoc-YT
• FREE SIMPLE RENTAL ANALYSIS SPREADSHEET: https://www.coachcarson.com/rental-property-calculator-spreadsheet/
ADDITIONAL READING – Discovering a Target Market:
• My Guide to Picking a Market – https://www.coachcarson.com/ideal-market-investment-properties/
• Real Wealth Network – https://www.realwealthnetwork.com/learn/best-places-to-buy-rental-property/
• Roofstock – https://learn.roofstock.com/blog/best-places-to-buy-rental-property
• SmartAsset – Price to Rent Ratios in 50 Largest US Cities - https://smartasset.com/data-studies/price-to-rent-ratio-in-the-50-largest-u-s-cities-2021
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https://www.coachcarson.com/toolkit-yt/
🖥️ My Real Estate Courses:
[FREE COURSE] Find Your Focus in Real Estate for Beginners:
https://www.coachcarson.com/findyourfocus-YT
30 Days to a Better Rental Investor:
https://www.coachcarson.com/30days-YT
Creative Financing for Real Estate Investors:
https://www.coachcarson.com/creativefinancing-YT
📘 (My Book) The Small & Mighty Real Estate Investor:
https://www.coachcarson.com/smallandmighty
📙 (My Book) Retire Early with Real Estate:
https://www.coachcarson.com/retirementbook
💰 DealMachine - Software to help you buy more real estate deals:
https://www.coachcarson.com/dealmachine-YT
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