How to Buy a Rental Property in 2023 (6 Beginner Steps)

Don’t think you know how to buy a rental property? Give us just one hour of your time, and you’ll be able to score your first investment property in the next ninety days! No gimmicks, jokes, or get-rich-quick schemes—David Greene and the BiggerPockets team designed this plan specifically for rookie real estate investors who want to get into the investment property game as soon as possible. So, if you’ve been waiting on the sidelines, hoping to one day reach financial freedom, now is the time to plug in and get ready to invest!

David Greene has been investing in real estate for over a decade. Before that, he was a police officer working almost every day of the week, scraping enough money together to buy his first rental property. He reached financial freedom in only a few years, but it took grit, determination, and a tenacious effort to keep moving forwards. Now, he wants to teach you how to do the same, by buying your first rental property in 2023, even with the wild housing market we have on our hands.

David walks through six actionable steps you can start taking to get your first property under contract in just ninety days! If you can carve out fifteen minutes of your workweek for the next few months, we know you’ll be closer to investing than ever before. Anyone can follow these steps to start buying real estate, no matter how much experience or money they're starting with. Ready to invest? Hit play!

00:00 Intro
01:40 Buy Your First Rental (in 90 Days!)
07:30 The 6-Step Real Estate Journey
08:00 Step 1. The Purpose
12:50 2. The Plan
14:40 3. Finding Deals
23:54 Step 4. Analyzing the Property
27:55 Let's Analyze a Live Deal!
38:24 DON'T Time the Market!
48:15 Step 5. Funding the Deals
50:05 Step 6. Stay Motivated!
58:38 Are You TRULY Committed?
01:00:45 Become a Real Estate PRO
01:09:57 Real Estate Q&A!

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BiggerPockets Tools Mentioned in Today’s Video:
Rental Property Calculator: https://www.biggerpockets.com/rental-property-calculator?utm_source=owned_media
Rent Estimator: https://www.biggerpockets.com/insights/property-searches/new?utm_source=owned_media
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Episode 703

Show notes at: https://www.biggerpockets.com/blog/real-estate-703?utm_source=youtube&utm_medium=description&utm_campaign=none

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