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How to Buy a Rental Property the RIGHT Way!
I recently did a video on a really cool sequence of events that happened in my business. I pulled off a hat trick when I bought 3 separate rental properties that all came as a result of the 1st one.
Here's that video: https://youtu.be/Zi8f34ymZGw
This video will go into the details of how we started the hat trick. From sourcing and negotiating the deal, to funding and closing the deal, the rehab process, and most importantly, the detailed method I used to calculate my anticipated returns.
The key to buying real estate is to know your numbers, run them correctly, and stick to them!!! Don't stretch your budget just because you think you'll miss out on a deal. 99% of the time this will lead to you buying a dud and/or missing out on an even better deal later on down the road. This doesn't mean that you should get "analysis paralysis" and NEVER pull the trigger, because there is no such thing as a "perfect" deal.
Run your numbers, do as much due diligence as time allows, and if the numbers make sense, pull the trigger and buy it!
If you still aren't sure that you're running your numbers correctly, check this video out and you'll be an expert by the end of it, I guarantee it!
Here's to your WEALTH!
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