One common question that I receive is simply:
“How do I actually buy an investment property?”
You know, even after I bought my first one, it would have been difficult to recite all the steps. This is partly due to the process’s 30-60+ day duration.
But I swear, it’s way easier to grasp than Mark Zuckerberg’s “metaverse”.
Though real estate has made more ordinary people wealthy than anything else, it is illiquid.
It takes more time to buy and sell real property.
Even here in the 2K21, there’s no brokerage “point-click-done” or Robinhood swiping involved.
This is both a good and bad thing.
Because there are several steps to contemplate, there is no panic selling in real estate.
This illiquidity keeps real estate prices more stable than nearly any other asset class.
This stability (via illiquidity) is one reason why real estate comprises the heart of so many wealthy peoples’ portfolios.
Real estate prices are a smooth, glassy lake compared to the raging sea storm of volatile gold, silver, cryptocurrency, oil, and stock markets.
In the freshly-released video below, in under 30 minutes, I lay out every step that you must know for buying turnkey income property.
This masterclass-level instruction comes to you without paywalls or logins. I’ve made it public and free. It includes:
- Myriad Mistakes To Avoid
- Improving Your Credit Report and Score
- A Clever Way To Show More Income To Your Lender
- Where I Get My Own Loans
- Market Selection
- Property Due Diligence
- Making An Offer
- Get An Inspection (Always!)
- Signing A Management Agreement
- Property Closing
- Own And Collect Rent (Cha-ching! Sheesh. Finally.)
Here. I’ll guide you from the beginning:
Thought getting your money to work for you creates wealth? It doesn’t! That’s a myth. My one-hour investing video course is now 100% free: Real Estate Pays 5 Ways. For a limited time, you can learn how wealth is really created, here.