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Beginners Guide To Real Estate Investing Pdf – How To Buy Your First Rental Property (Step by Step)

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Beginners Guide To Real Estate Investing Pdf – Review

How to invest in real estate: Here’s exactly how you can buy your first rental property, step by step, and the process involved. Enjoy! Add me on Snapchat/Instagram: GPStephan

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Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/

Get $50 off for a LIMITED TIME with code ThankYou50 – The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales: https://goo.gl/UFpi4c

Step 0: Because this is where it starts, you’re going to need a downpayment. How to save for a house:
https://www.youtube.com/watch?v=qyQOoCmamIk&t=2s

Step 1: Unless you’re buying a property outright in cash, which I have a feeling is very few of you watching…get your credit in order. How to build your credit:
https://www.youtube.com/watch?v=ukaWAjgkH9M&t=4s

Step 2: Make sure you have your tax returns prepared. If you’re self employed like me, a lender will ask for your last 2 years of tax returns and take the average income of those two years. Be ready for this!

Step 3: TALK TO A LENDER FIRST BEFORE YOU DO ANYTHING. First, you’ll know EXACTLY what you can qualify for so you won’t waste your time. Secondly, if you find the right place, the lender already has all of your information so you can hit the ground running. And anytime you find a spot that’s worth buying, chances are, you’re competing with other people who want the exact same thing. So timeliness really, really matters here…the faster you are, the better the deal you can get.

Step 4: BEGIN LOOKING AT PROPERTIES. This is really meant to be the fun part…look at EVERYTHING you possibly can within your price range.
How to find a good deal: https://www.youtube.com/watch?v=9nHDT5XL4KY&t=36s

Step 5: Determine cash flow. The reality is that 95% of properties just don’t make sense to purchase for an investment…they lose money. It’s also the reality that at a certain price, EVERYTHING makes a great investment – it’s really important to understand these numbers.

Three ways to make money owning real estate: https://www.youtube.com/watch?v=h8wNUaBgZTk&t=19s
Mortgage Calculator: www.MortgageCalculator.org

Step 6: Look at properties that need minor cosmetic renovations!
Most profitable renovations: https://www.youtube.com/watch?v=kW76liexoBY&t=2s
Biggest Mistakes: https://www.youtube.com/watch?v=Tof5GMD0akc&t=46s

Step 7: MAKE OFFERS ON PROPERTIES! Expect that not every offer will work out…for me, I lose out on many offers because I offer a price where the numbers make sense, and if it’s any higher than that, I won’t buy it.

Step 8: Do your inspections! Make sure to do as many inspections as you possible can. Check the roof, the foundation, electrical, plumbing, if there are any leaks, bring in contractors for bids if it needs work…the more you do, the better.

Step 9: Understand escrow costs: https://www.youtube.com/watch?v=cN7n3wC9eAQ&t=64s

Step 10: RENOVATE IT! Video on renovations: https://www.youtube.com/watch?v=iBOeQv7zzgI&t=175s

Step 11: RENT IT OUT! If you want to rent your place for top dollar, use REALLY good pictures, pick up your phone on the second ring, and be available anytime to show it. I promise if you do this, you’ll have no problem renting it out quickly. I personally like using Apartments.com, Craigslist, Zillow, Redfin, Trulia, and Reatltor.com…the more places you property is, the better. Never just limit yourself to one of these, DO THEM ALL.
Tenant screening 101: https://www.youtube.com/watch?v=hS8lIrzEwv0&t=154s

STEP 12: SCALE UP!

Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq

Favorite Credit Cards:
Chase Sapphire Reserve – https://goo.gl/sT68EC
American Express Platinum – https://goo.gl/C9n4e3

Thanks for watching the Beginners Guide To Real Estate Investing Pdf video!

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44 Comments

  1. Graham Stephan
    July 29, 2021 at 1:40 pm

    Here’s a list of the other videos that explain the process a little further that pertain to this video – enjoy!:

    How to save for a house:
    https://www.youtube.com/watch?v=qyQOoCmamIk&t=2s

    How to build your credit:
    https://www.youtube.com/watch?v=ukaWAjgkH9M&t=4s

    How to find a good deal:
    https://www.youtube.com/watch?v=9nHDT5XL4KY&t=36s

    Three ways to make money owning real estate and cash flow:
    https://www.youtube.com/watch?v=h8wNUaBgZTk&t=19s

    Mortgage Calculator:
    http://www.MortgageCalculator.org

    Most profitable renovations:
    https://www.youtube.com/watch?v=kW76liexoBY&t=2s

    Biggest Renovation Mistakes:
    https://www.youtube.com/watch?v=Tof5GMD0akc&t=46s

    Hidden escrow costs:
    https://www.youtube.com/watch?v=cN7n3wC9eAQ&t=64s

    How to screen a tenant:
    https://www.youtube.com/watch?v=hS8lIrzEwv0&t=154s

    The Best Real Estate Tax Write Offs:
    https://www.youtube.com/watch?v=sLaw91Baay0&t=6s

    Why I don’t flip real estate:
    https://www.youtube.com/watch?v=Uh15keMBjf8&t=6s

    The 5 Golden real estate investing tips:
    https://www.youtube.com/watch?v=57tt-L-Xbj8&t=5s

  2. GameReviews
    July 29, 2021 at 1:40 pm

    Im 18 and got 50k saved up and trying to buy a house

  3. Barde Inashi micheal
    July 29, 2021 at 1:40 pm

    Thank so much for your help and you're truly a man of your words , I'm so happy working with you at kelvin1uptrades for increasing my profits ..

  4. JeffA
    July 29, 2021 at 1:40 pm

    Did you buy your properties under a LLC?

  5. Nolann Grant
    July 29, 2021 at 1:40 pm

    I'm going to buy a (money green-Lamborghini) in ten years! Lol,,, 😃

  6. Jose Barba
    July 29, 2021 at 1:40 pm

    Nero noctis

  7. Jeremy Cornwell
    July 29, 2021 at 1:40 pm

    You have to own the home to rent the home

  8. sunny pandey
    July 29, 2021 at 1:40 pm

    Why is there no cash flow positive residencial property in India?

  9. Michelle Rose
    July 29, 2021 at 1:40 pm

    Nice video, Real estate is a great place to invest my money. It can double every penny!

  10. henrym770
    July 29, 2021 at 1:40 pm

    All of this is very different depending on what country you are from

  11. AORIVER
    July 29, 2021 at 1:40 pm

    I actually want a Porsche 911 … or a Lotus Elise. 🙄 Either way, I'm a sucker for matte black. 😍

  12. Clayson Redden
    July 29, 2021 at 1:40 pm

    orange lambo

  13. Joanna Huertas
    July 29, 2021 at 1:40 pm

    rose 😀

  14. Cristóbal Sánchez
    July 29, 2021 at 1:40 pm

    Blue lambo

  15. Teandre Johnson
    July 29, 2021 at 1:40 pm

    Baby blue

  16. Vitor Hugo
    July 29, 2021 at 1:40 pm

    Me: leaves my computer on

    Youtube: Let's play over 10 videos without him watching to give Graham some money

    lmao

  17. Alorable Sports
    July 29, 2021 at 1:40 pm

    Graham your math is wrong, you calculated $800 positive cash flow but shouldn’t it be $600… then all calcs after that are off.

  18. EEHR1992
    July 29, 2021 at 1:40 pm

    Amazing videos man. This is exactly what I wanna do in my near future. Real estate investment

  19. Luis Campos
    July 29, 2021 at 1:40 pm

    Who is still getting a 12% CoC return in 2021?

  20. Jonathan G.
    July 29, 2021 at 1:40 pm

    What if you're buying with cash ; half of these don't apply.

  21. Sophia Powell
    July 29, 2021 at 1:40 pm

    Freddy from icarly

  22. MasterKaincorporated
    July 29, 2021 at 1:40 pm

    White lambo for me 😂

  23. Epik Truth
    July 29, 2021 at 1:40 pm

    Just save and pay in cash you will save and have no interest! That means your first home should be affordable not outside your lane.

  24. Boxoffun
    July 29, 2021 at 1:40 pm

    matt blue lambo

  25. Username Taken
    July 29, 2021 at 1:40 pm

    When school doesn’t teach you how to manage money, you come to this channel

  26. MrGramita
    July 29, 2021 at 1:40 pm

    3200 – 2600 = 800$ cashflow? what im i missing?, dont get me wrong great video, just wondering if there is something else to consider or just an editting "ops"

  27. María Silva
    July 29, 2021 at 1:40 pm

    This video is rrally helpful, thank you! I tried to calculate the amount that says 400 but to me i get 4000, what did I do wrong

  28. yesica mora
    July 29, 2021 at 1:40 pm

    black

  29. Desi
    July 29, 2021 at 1:40 pm

    What the hell is Vladimir corp

  30. SquibbySlays
    July 29, 2021 at 1:40 pm

    Put your trust into a guy that thinks 3200 – 2600= 800, makes sense.

  31. Frankie Chaidez
    July 29, 2021 at 1:40 pm

    Me watching this video with 3,000$

  32. Lenny IIV
    July 29, 2021 at 1:40 pm

    Would you by chance know how much a military va loan could help?

  33. SquibbySlays
    July 29, 2021 at 1:40 pm

    How the hell does 2600 cost rent out for 3200 bring in 800 cash flow?? Your math was a little off there my guy. Kinda scary 😧

  34. SonicBoomC98
    July 29, 2021 at 1:40 pm

    Definitely not a fan of out of state landlords. Seems like a lot of them don't check the value of homes in the area. A lot of homes around me have have high rent and constant changing in tenants. Most of them do cosmetic repairs on properties that need the unsexy stuff worked on. They just paint over everything and do minor repairs. Then they almost never want to sell.

  35. Eugenia Ashiadey
    July 29, 2021 at 1:40 pm

    Pink

  36. The Naked Truth Report
    July 29, 2021 at 1:40 pm

    I have to do a 1031 exchange. And, I ‘m in Los Angeles, too. The area you were looking at in another video.

  37. Michael Crosby
    July 29, 2021 at 1:40 pm

    Orange

  38. PokemonBreakers
    July 29, 2021 at 1:40 pm

    @12:36 $400 property? Dang that’s cheap and it’s $600 per month cash flow

  39. wmickley
    July 29, 2021 at 1:40 pm

    400k property rents for $3,200 per month? $3,200 rent – $2,600 expenses = $800 cash flow? I was listening until you got into the #’s.

  40. Austin Lowell
    July 29, 2021 at 1:40 pm

    3200-2600=600…… not 800.

  41. Sokcheng Horth
    July 29, 2021 at 1:40 pm

    I want rolls royce lol

  42. Jerardo Menjivar
    July 29, 2021 at 1:40 pm

    midnight purple

  43. TeamDonut
    July 29, 2021 at 1:40 pm

    red

  44. Allen Watkins
    July 29, 2021 at 1:40 pm

    Great video