How To Buy Your 1st Rental Property w/ Bigger Pockets Step By Step (Novice to Advanced)

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David Greene:
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⏲️ TIME STAMPS ⏲️
0:00 : Preview
4:20 : Intro
5:20 : Show begins! / Timestamps show up now?
6:30 : Who is Dave? / From cop to a Real Estate agent
10:10 : Myron talks about his 16 houses
11:00 : Dave’s new book - Pillars Of Wealth
12:40 : Superchats / Q&A
13:20 : “Should I buy a rental property in New Hampshire?”
17:20 : AVOID these states for Real Estate
⁃ 10 STEPS to get into Real Estate -
19:20 : Step #0 - Improve your credit & save for down-payment
24:00 : How much $$$ you need to save?
26:40 : The $100k strategy
28:40 : Step #1 - Get pre-qualified & talk to a lender
34:30 : Step #2 - Hire a good Realtor
41:30 : What is owner financing?
43:00 : Step #3 - Look for a house approx. 20% below your max qualifying numbers
45:10 : Shoutout to Rumble
45:30 : Step #4 - Underwrite the deal / Calculate the cashflow
50:00 : How much cash on cash return should you aim for?
51:40 : Step #5 - Make a strong offer & DO NOT lowball
1:06:20 : Step #6 - Do inspections & re-negotiate the price
1:19:20 : Inflation is good for Real Estate
1:20:50 : Americans are LUCKY to buy houses with 5% down
1:22:20 : “I inherited a paid-off house, how do I rent it out?”
1:26:00 : “I live in LA & have only 30k saved up & can’t relocate”
1:28:00 : “Should I refi my home to pay back HELOC?”
1:30:00 : “My wife is getting a 1% interest rate”?
1:32:00 : How to become a Real Estate Agent?
1:34:00 : Guy got promoted by Justin waller
1:34:40 : “I owe 130k, should I open a HELOC?”
1:36:00 : Canada SUCKS for Real Estate
1:38:00 : “Got 225k in equity, should I get a HELOC using that money as a down payment?”
1:39:00 : “My family house is paid off & I’m worth 1.4mil, what do I do?”
1:40:00 : “I have $293k equity in my house but divorce is gonna f**k me up!”
1:43:00 : “My first property appraised to 300k, what’s the best move to reinvest?”
1:44:00 : “Should I pay-off my house or buy multiple houses?”
1:47:00 : Step #7 - Calculate closing costs
1:48:00 : Step #8 - Renovate UNLESS it’s a Turnkey
1:49:00 : Step #9 - Rent it out / How to screen tenants for your house?
1:55:00 : Cha Ching?️
1:56:30 : Recap of the show!
1:58:20 : Step #10 - Make the property an LLC then do this….
2:00:10 : Step #11 - Rinse & Repeat
2:04:00 : “How to calculate the rent for property?”
2:06:00 : DOn’t make your house too luxurious
2:07:00 : Where can you find Dave? / Get his book!
2:08:00 : Outro!
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