How to Buy Your First Rental Property (noob vs pro). ⚠️Youtube Course & Investing Programs http://metkevin.com/join🚨 Use Coupon Code 🤠LARRY🤠 🦠Life Insurance https://metkevin.com/life 💰Free Stocks (deposit $100) https://metkevin.com/free
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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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Disclaimer The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other & may be outdated or inaccurate; it is your responsibility to verify all information. This is a Youtube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Kevin MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Kevin's videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. financial advisor, or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for Meet Kevin®. Any use of other media is by fair-use or license only. The Paffrath Organization is a licensed real estate brokerage doing business as Meet Kevin® in California under DRE #02032575. This is not an advertisement of property for sale. Any mention of properties listed or sale or otherwise shall not be construed as anything other than an opinion for entertainment purposes only. Trademarked Slogans (NO use without written permission and license): ⛔️Meet Kevin ® ⛔️No-Pressure Agent ® ⛔️Providing More ® California Shield Law provides statutory and constitutional protections to journalists seeking to maintain the confidentiality of an unnamed source or unpublished information obtained during news gathering. IF you submit news or information to [email protected], have faith Kevin will keep your name confidential if you so request - Kevin reports news content heavily on this channel and shall be deemed a journalist/media for the purpose of providing news. Obviously, you could request to be referenced. I am not a CPA, attorney, insurance, contractor, lender, or financial advisor.