How to Confidently Buy Your First Rental Property (10-Steps)

⭐ Join Rental Property Mastery, my coaching & learning community: https://www.coachcarson.com/RPM-YT 🎙️ Episode 161 – It can be SCARY to buy your first rental property. But this video removes the mystery and shares the exact steps you need to safely & confidently buy your first rental. These are also the exact steps Coach Carson has used to buy over 100 rental properties over the last 18 years. ▶️ Next Video: My First Rental Property 17 Years Later https://youtu.be/9nYmlZfPF7Y 🎬 Topics Covered: 0:27 - #1 - Find your strategy 2:14 - #2 - Pick a target market 5:20 - #3 - Identify good deal criteria 7:46 - Free rental calculator spreadsheet 12:11 - #4 - Pre-approved for financing 14:36 - #5 - Save for down payment 17:41 - #6 - Build a team 19:33 - #7 - Evaluate 25 properties 20:54 - #8 - Make offers 22:45 - #9 - Contract & due diligence 26:35 - Closing thoughts 🔗 Video Links: • MY COURSE ON DUE-DILIGENCE/PAPERWORK TO BUY PROPERTIES: https://www.coachcarson.com/ctoc-YT • FREE SIMPLE RENTAL ANALYSIS SPREADSHEET: https://www.coachcarson.com/rental-property-calculator-spreadsheet/ ADDITIONAL READING – Discovering a Target Market: • My Guide to Picking a Market – https://www.coachcarson.com/ideal-market-investment-properties/ • Real Wealth Network – https://www.realwealthnetwork.com/learn/best-places-to-buy-rental-property/ • Roofstock – https://learn.roofstock.com/blog/best-places-to-buy-rental-property • SmartAsset – Price to Rent Ratios in 50 Largest US Cities - https://smartasset.com/data-studies/price-to-rent-ratio-in-the-50-largest-u-s-cities-2021 -------------------------- ⚒️ Get my FREE Real Estate Investor Toolkit: https://www.coachcarson.com/toolkit-yt/ 🖥️ My Real Estate Courses: [FREE COURSE] Find Your Focus in Real Estate for Beginners: https://www.coachcarson.com/findyourfocus-YT 30 Days to a Better Rental Investor: https://www.coachcarson.com/30days-YT Creative Financing for Real Estate Investors: https://www.coachcarson.com/creativefinancing-YT 📘 (My Book) The Small & Mighty Real Estate Investor: https://www.coachcarson.com/smallandmighty 📙 (My Book) Retire Early with Real Estate: https://www.coachcarson.com/retirementbook 💰 DealMachine - Software to help you buy more real estate deals: https://www.coachcarson.com/dealmachine-YT ✅ Subscribe for more videos about real estate investing: https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1 👋 Connect with me: https://www.instagram.com/coachchadcarson https://www.facebook.com/coachchadcarson https://twitter.com/CoachChadCarson 🌐 For everything else: http://www.CoachCarson.com