How to Buy Your First Rental Property in 365 Days (Or Less!)

Knowing how to buy your first rental property can be the difference between you building a life of financial freedom or merely treading water working for active income. The life of a real estate investor isn’t glamorous, but it leads to generational wealth, time freedom, and the ability to do what you want, when you want, with who you want. The first step to becoming a real estate investor is buying your first real estate deal. This first step is where ninety-nine percent of people stop, but it’s where you will start.

Dave Meyer, VP of Data and Analytics and host of "On The Market", has built a financial freedom-permitting property portfolio over the last decade. He doesn’t have thousands of units, but even with his medium-sized portfolio, he’s been able to travel the world, live abroad, and continuously build wealth. He’s here to teach you exactly how to do the same by buying your first, second, or third real estate deal in the next 365 days!

If you’re able to do so, you will see your life start to change before your eyes. Money will be easier to find, deals will come your way, and passive income streams will be dug in your direction. If you’re able to buy your first (or next) deal like Dave describes, put systems in place for future purchases, and slowly build a team around you, your dream rental property portfolio won’t be too far away.

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Sign Up for BiggerPockets Pro and Use Code “PRORENTAL” at Checkout:
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Join BiggerPockets for FREE:
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Use the BiggerPockets Tools from This Video:
Rental Property Calculator: https://www.biggerpockets.com/rental-property-calculator?utm_source=youtube&utm_medium=description&utm_campaign=none
Rent Estimator: https://www.biggerpockets.com/insights/property-searches/new?utm_source=youtube&utm_medium=description&utm_campaign=none
Agent Finder: https://www.biggerpockets.com/agent/match?utm_source=youtube&utm_medium=description&utm_campaign=none
Deals for Sale: https://www.biggerpockets.com/real-estate-listings?property_listings=true?utm_source=youtube&utm_medium=description&utm_campaign=none
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Already a Pro Member? Use Code “PRORENTAL” to Get All the Upgrades Mentioned in This Video:
https://www.biggerpockets.com/webinar/bonus?utm_source=youtube&utm_medium=description&utm_campaign=none
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Listen to Dave on The “On The Market” Podcast:
Spotify: https://open.spotify.com/show/2NlzZ9NtHtZ2uBuaDNoGzY
Apple Podcasts: https://podcasts.apple.com/us/podcast/on-the-market/id1615086704
BiggerPockets: https://www.biggerpockets.com/podcasts?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Dave on BiggerPockets:
https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
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Follow Dave on Instagram:
@thedatadeli or https://www.instagram.com/thedatadeli

Episode 640

Show notes at: https://www.biggerpockets.com/blog/real-estate-640?utm_source=youtube&utm_medium=description&utm_campaign=none

0:00 Intro
8:05 What Stops Most People from Investing
12:07 Getting Your First 3 Deals
14:08 Meet BiggerPockets (and Dave!)
17:36 Building The "Stack"
22:29 How to Get Past the 3 Roadblocks
26:21 1. Dollars
31:55 2. Deals
38:20 3. Direction
42:13 How to Find Real Estate Deals
44:50 How to Analyze a Rental Property
1:01:03 Ready to Buy Your First Rental?
1:03:00 Become a Better Investor


#biggerpockets #realestatepodcast #ep640