YOUR FIRST REAL ESTATE DEAL episode artwork

EPISODE · Mar 28, 2026 · 29 MIN

YOUR FIRST REAL ESTATE DEAL

from Property Challenge Podcast · host Terrica Lynn Smith

If you are brand new to real estate and feeling intimidated, this episode is for you.In Episode 52 of The Property Challenge Podcast, I go all the way back to the basics. I’m talking to the person who is about to look at their very first deal and doesn’t even know where to start.I remember being 21 years ago, broke, on Section 8, overwhelmed, and intimidated by everyone around me who looked successful. I didn’t know what a mortgage was. I didn’t understand liens, encroachments, or even what real estate truly meant.So in this episode, I break it down step-by-step the way I wish someone had broken it down for me.Inside this episode, I cover:Why your first deal will be your hardest dealWhy comparison will kill your momentumThe importance of choosing ONE strategy (wholesaling, fix and flip, or rentals)A simple breakdown of how wholesaling worksHow to use the 70% Rule to analyze dealsWhere to actually find deals (realtors, PropStream, driving for dollars, networking)One of the most important things I say in this episode:“Your first deal is you versus you.”The biggest battle isn’t the market. It’s not the numbers. It’s your mindset.You don’t need a real estate license to get started.You don’t need to know everything.You don’t need to be perfect.You need a strategy.You need a team.If you’re serious about building wealth through real estate, this episode gives you a beginner’s blueprint you can actually follow.Drop a comment and tell me:What strategy are you choosing first — wholesaling, fix and flip, or rentals?Subscribe for weekly real estate conversations where we talk about the wins, the lessons, and the real challenges behind building generational wealth.Join my Protégé community for Live Calls and Events, Exclusive Content, and to connect with like-minded investors! Now’s your time! ⏳Go Here: https://investorcircles.comLISTEN ON SPOTIFY: https://open.spotify.com/show/4SqljVgYSI2caCxeU4YmKB?si=8ce654b41b714f16FOR MORE HERE:https://www.youtube.com/@PropertyChallengePodcastFollow us on TikTok: https://www.tiktok.com/@propertychallenge?is_from_webapp=1&sender_device=pc

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YOUR FIRST REAL ESTATE DEAL

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Frequently Asked Questions

How long is this episode of Property Challenge Podcast?

This episode is 29 minutes long.

When was this Property Challenge Podcast episode published?

This episode was published on March 28, 2026.

What is this episode about?

If you are brand new to real estate and feeling intimidated, this episode is for you.In Episode 52 of The Property Challenge Podcast, I go all the way back to the basics. I’m talking to the person who is about to look at their very first deal and...

Is there a transcript available for this episode?

Yes, a full transcript is available for this episode. You can read the complete transcript on the episode page.

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