How to Buy Your First Rental Property (Noob vs Pro) | Step by Step

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How to buy a rental property: Here's a complete guide noob-vs-pro style to help you learn exactly how to buy your first rental property whether its a multifamily building or single family house, step-by-step. This video will break down exactly what the mistakes are that noobs and beginners make and I'll explain what pros do well to maximize their income and get the best deals. I'll also break down loan tricks for beginners, deal-finding tricks for beginners, inspections, FHA loans, non-occupant co-borrower loans, mortgage insurance, inspection and repairs, tenants and valuing property, and more.

This is a complete guide, a complete step-by-step for buying real estate and investing in real estate as a guide for beginners. Advanced experts might find tricks in this guide as well.

Also, how what's the difference between starting with a multifamily property and a single family deal when starting out? The big thing is valuing the property correctly as single-family real estate and units are valued differently. I'll also teach you how to run a mortgage calculation and understand mortgage insurance as well as how to get rid of it.

The negotiation process, repair process, escrow process, and repair process is also covered so we can cover everything you need to know to buy a house. You can also buy a house with no-money down and no-income, which we'll discuss as well in addition to getting rid of that nasty mortgage insurance (MIP / PMI) that everyone hates. I'll also show you exactly how to find an agent and what kind of deals to look for & dealing with contractors & inspections.

00:00 Getting Started: Noobs vs Pros.
07:22 Loans: Noobs vs Pros.
20:07 Deal Finding: Noobs vs Pros.
31:13 Inspections & Repairs: Noobs vs Pros.
38:00 Renting The Property: Noobs vs Pros.

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