EP #3 - How To Buy Your First Rental Property (Pt. 2)

Episode Summary:

In this podcast episode, Jacob and Mike outline nine essential steps for those interested in real estate investing. They emphasize the significance of the decision to invest and stress the need for clear investment criteria. Building a reliable team, securing financing, and identifying suitable properties are discussed, followed by insights into deal analysis and due diligence, focusing on significant inspection points. They highlight the role of property managers and describe the straightforward closing process. Throughout, the hosts share their experiences and encourage aspiring investors to connect with them on social media for further guidance, underlining that the first deal, while challenging, is a vital step toward a successful real estate portfolio.