How to Confidently Buy Your First Rental Property (10-Steps)

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.

FREE SIMPLE RENTAL ANALYSIS SPREADSHEET: https://www.coachcarson.com/rental-property-calculator-spreadsheet/

NEXT SUGGESTED VIDEO: My First Rental Property 17 Years Later – https://youtu.be/9nYmlZfPF7Y

MY COURSE ON DUE-DILIGENCE/PAPERWORK TO BUY PROPERTIES – https://www.coachcarson.com/ctoc-YT

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
– SmartAssett – 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

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 – 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
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My online course teaches you how to use non-traditional funding sources for real estate, like private money, self-directed retirement accounts, seller financing, lease options, subject-to, and more. Includes paperwork! coachcarson.com/creativefinancing-YT
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