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Real Estate Investing Las Vegas – HOW TO BUY 1ST RENTAL PROPERTY IN 2021 (Secrets From A Pro)

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Real Estate Investing Las Vegas – Review

In today’s video, I’m going to teach you how to get your first rental in 2021!

Check out my different online courses! Learn to flip and wholesale homes or become a Social Media Influencer. https://ryanpineda.teachable.com

Videos Mentioned:

The BEST Real Estate Investing Strategy No One Understands | Seller Financing Explained
https://youtu.be/8D6v0a7vIUU

CASH FLOW IS DUMB! Focus On THIS Instead…
https://youtu.be/Flk6xs9XgCM

I Bought a 10 Unit Apartment for $16,000!!!
https://youtu.be/TWErmPVT4TE

The EASIEST WAYS to Buy Your FIRST Rental Property
https://youtu.be/yv4ZIaiRMZM

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When buying rentals, you are going to need to decide if you are going for appreciation or cash flow. Once you have figured that out, you are then going to figure out if you are going to get traditional financing, seller financing, or the BRRRR method.

With traditional financing, you are going to need to have two years of tax returns, a certain debt to income ratio, and typically, 20% down. I am not too fond of traditional financing because not only are there barriers to entry, but the barriers far outweigh and rewards of traditional financing. You’ll see why I don’t put 20% down on my investment properties.

The second method for buying a rental is through seller financing. A seller finance is when a seller owns the house free and clear and is willing to let you make payments in order to buy the home. Similarly to a seller finance, a subject to deal is when a seller still has a mortgage, and you offer to take over the payments for them.

The final method is the BRRRR method. The BRRRR method stands for Buy, Renovate, Rent, Refinance, Repeat. In order for this to work, you will ideally want to be at no more than 80% of its all-in value (although you can be in it for more, and I explain that in the video).

Thanks for watching the Real Estate Investing Las Vegas video!

Watch the Real Estate Investing Las Vegas video on Youtube

27 Comments
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27 Comments

  1. Luis
    July 31, 2021 at 3:02 pm

    Hi I just don’t see, how any body wants to refinance ,and then cash out all they can, just to go deeper in debt, with your first mortgage.

  2. Jesse Lane
    July 31, 2021 at 3:02 pm

    👌🏼

  3. Robert
    July 31, 2021 at 3:02 pm

    It would be scary flipping a multi million dollar property if it doesn't sell right away because you would be losing 10's of thousands each month and if home prices suddenly crashed OMG!

  4. Mario Dattilo
    July 31, 2021 at 3:02 pm

    Cash flow 🏘🏘🏘📈

  5. Zander Maxwell
    July 31, 2021 at 3:02 pm

    MIDWEST GANG

  6. Daniel Brenner
    July 31, 2021 at 3:02 pm

    Reefanance?

  7. Nguyening Lifestyles - Finance, Food, and Family
    July 31, 2021 at 3:02 pm

    Found you from Graham's Ice Coffee Podcast. Love your stuff man!

  8. Jeremy Parvin Real Estate Investing
    July 31, 2021 at 3:02 pm

    Goood stuff

  9. The GOAT
    July 31, 2021 at 3:02 pm

    Damn Ryan!!. you make it sound so easy!!!!

  10. chris whynder
    July 31, 2021 at 3:02 pm

    what are the dti on owner occupied?

  11. Nishal Jeju Jose
    July 31, 2021 at 3:02 pm

    Can u do a wholesale version

  12. LuminoxG
    July 31, 2021 at 3:02 pm

    Also, for the 2 years of work history do you have to be employed by someone or can you also be self employed? Thanks

  13. LuminoxG
    July 31, 2021 at 3:02 pm

    How come with seller financing you don’t do brrrr? Great video btw!

  14. Living Off Rentals
    July 31, 2021 at 3:02 pm

    Great video, Ryan! Awesome information.

  15. ginpapi
    July 31, 2021 at 3:02 pm

    do these apply in canada as well?

  16. Alim C
    July 31, 2021 at 3:02 pm

    But you lose more money if you have a mortgage on a 300k house and the market collapses than with a 50k house and still have cash flow

  17. Ashley & JC - Trying to get FIREd
    July 31, 2021 at 3:02 pm

    Gotta flip more couches this year. Alleys and sidewalks, here we come. Just tryinna' folow your footsteps. =)

  18. Bryan Reyes
    July 31, 2021 at 3:02 pm

    What happens with the $40k gap do they give you that in cash or is the real deal is you got all your investment back and essentially got the property for “free” and that gap is equity on paper?

  19. Joseph Lopez
    July 31, 2021 at 3:02 pm

    Very good information, straight to the point, no fluff, I love it!

  20. Will Lewis
    July 31, 2021 at 3:02 pm

    I like the way you talk about rental investing in by putting into 2 categories, for cash flow or for appreciation. This same logic applies to the stock market as well. You can invest in dividend-paying stocks that perhaps stay around the same value or you can invest in growth stocks that appreciate faster. Personally, the appreciation strategy seems to work better because those are generally in markets where rents will be headed higher anyway and there are more options for you to pull your appreciation out via refinancing than if you just have purely cashflow rentals.

  21. Brad and Chloë - House Hacking, FI, Adventure
    July 31, 2021 at 3:02 pm

    Can’t wait to get into BRRRR. Your mention of house hacking is the best way to start. I love buying SFHs with owner occupancy financing, renting out the rooms, live in it for 12 months (required) then move out and do it again! Great video Ryan

  22. Zack Peters
    July 31, 2021 at 3:02 pm

    So I’m 20, and I follow Ryan a lot. Would a good idea be to buy a foreclosed home at a cheap price and then renovate and flip it?

  23. Atharv Desai
    July 31, 2021 at 3:02 pm

    Ryan’s video production quality and content has improved so much, keep up the good work

  24. Sergio V
    July 31, 2021 at 3:02 pm

    Your hair is amazing

  25. Scott Edward
    July 31, 2021 at 3:02 pm

    I'm currently working on the biggest luxury deal that I've ever done and it's intimidating but per the pro forma this deal will crank off enough profit to deploy into several rental deals, which will scale my business at a rapid rate. So its not a surprise to me that some people focus solely on luxury deals. Still won't be buying rentals out of state though, I'm not comfortable with that and I don't know if I ever will be!

  26. Lisa
    July 31, 2021 at 3:02 pm

    Thanks for sharing Ryan, I have never heard things explained this way before (appreciation or cash flow). This is a very interesting concept.

  27. My name is jeff
    July 31, 2021 at 3:02 pm

    People that do want to house hack I’d recommend going with an FHA insured loan so you can buy a quadplex with 3.5% down. If you want a duplex, triplex, quadplex you’ll still need 15%-25% down for conventional. Though there are 3%-5% down conventional loans for SFH