I am very passionate about buying rental properties because I want more passive income.
Unfortunately, when I first got interested in real estate investing, I had a hard time figuring out where to start. And as I described earlier, my very first condo was a BAD investment. Since then, I have started to learn more about real estate and the rental business.
So, if you are trying to learn more about how to buy your first rental property, here's the best way to get started:
Read This Book: “The Book on Rental Property Investing” by Brandon Turner will give you an overview of the rental business and is a helpful way to get started. Turner breaks down the process of finding, financing, and managing rental properties, making it accessible even for beginners.
Watch This YouTube Video: “How to Buy Your First Rental Property (Step-by-Step)” by Graham Stephan is a must-watch beginner resource for anyone interested in starting a rental property business. Stephan, a real estate investor himself, provides a clear and practical guide that's easy to follow.
Listen To This Podcast: And if you really want to start going down the rabbit hole, listen to “Real Estate Rookie Podcast” by Ashley Kehr and Felipe Mejia. This podcast dives into the initial steps you need to take, common pitfalls, and tips from experienced investors.
These 3 resources will exponentially accelerate your learning process.