640: How to Buy Your First 3 Rental Properties (Step-by-Step) This Year!

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. In This Episode We Cover: The 3 “Ds” of real estate investing and how to get over their obstacles Why every smart investor continues to buy even in murky housing markets like today Building the “LAPS” funnel that will send real estate deals your way How to analyze a rental property for free using the BiggerPockets rental property calculator The different types of ways you can buy real estate with no money down  Why the first three real estate deals matter more than most people think And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Listen to Dave on The “On The Market” Podcast: Spotify, Apple Podcast, & BiggerPockets BiggerPockets Rental Property Calculator BiggerPockets Rent Estimator BiggerPockets Agent Finder BiggerPockets Deals for Sale Already a Pro Member? Use Code “PRORENTAL” to Get All the Upgrades Mentioned in This Video Books Mentioned in the Show Real Estate By The Numbers by Dave Meyer BRRRR by David Greene Connect with Dave: Dave's BiggerPockets Profile Dave's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-640 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!

Episode 640 of the BiggerPockets Real Estate Podcast podcast, hosted by BiggerPockets, titled "640: How to Buy Your First 3 Rental Properties (Step-by-Step) This Year!" was published on July 26, 2022 and runs 83 minutes.

July 26, 2022 ·83m · BiggerPockets Real Estate Podcast

Summary

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. In This Episode We Cover: The 3 “Ds” of real estate investing and how to get over their obstacles Why every smart investor continues to buy even in murky housing markets like today Building the “LAPS” funnel that will send real estate deals your way How to analyze a rental property for free using the BiggerPockets rental property calculator The different types of ways you can buy real estate with no money down  Why the first three real estate deals matter more than most people think And So Much More! Links from the Show BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast Get Your Ticket for BPCon 2022 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram Listen to Dave on The “On The Market” Podcast: Spotify, Apple Podcast, & BiggerPockets BiggerPockets Rental Property Calculator BiggerPockets Rent Estimator BiggerPockets Agent Finder BiggerPockets Deals for Sale Already a Pro Member? Use Code “PRORENTAL” to Get All the Upgrades Mentioned in This Video Books Mentioned in the Show Real Estate By The Numbers by Dave Meyer BRRRR by David Greene Connect with Dave: Dave's BiggerPockets Profile Dave's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-640 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

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