249: Beginner’s Real Estate Investing Guide

Beginner's Real Estate Investing Guide

by Keith Weinhold | Get Rich Education

Two big mistakes are: 1) Renting out your former primary residence. 2) Only being invested in one market. 

This Beginner’s Real Estate Investing Audio Guide also helps you step-by-step with buying an income property:

  • Credit Scoring
  • Mortgage Pre-Approval
  • Writing An Offer
  • Inspection
  • Vetting A Property Manager
  • Appraisal
  • Insurance
  • Closing
  • LLCs

 **The entire audio from this episode is transcribed into words and can be found at the end.**

People set up LLCs for asset protection, anonymity, or tax purposes. But there is a lot of administrative work. Is it even worth setting up?

Your FICO credit score has five ingredients. Down payment, debt-to-income ratio covered.

Mortgage pre-approval is better than pre-qualification.

Select income property in: job-growth economies, high rent in proportion to low purchase price.

Cash flow = Rent Income minus “VIMTUM”.

Why would someone sell you a cash-flowing property?

“Turnkey” defined. Should you make a lowball offer to a turnkey provider?

Also discussed: Negotiation Strategy, Earnest Money, Purchase Contracts, Management Fees, Management Agreements, Mobile Notary, Title Company, Rent-To-Value Ratio, Collecting Cash Flow.

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Want more wealth?

1) Grab my FREE E-book and Newsletter at: GetRichEducation.com/Book

2) Your actionable turnkey real estate investing opportunity: GREturnkey.com

3) Read my best-selling paperback: getbook.at/7moneymyths

Resources Mentioned >

Resources Mentioned: Mortgage Loans: RidgeLendingGroup.com | Find Properties: GREturnkey.com | Memphis & Little Rock Property: MidSouthHomeBuyers.com | Turnkey Real Estate: NoradaRealEstate.com | QRP: TotalControlFinancial.com | JWB New Construction Turnkey: NewConstructionTurnkey.com | Our Tampa Real Estate Field Trip: RealEstateFieldTrip.com | Best Financial Education: GetRichEducation.com

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