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Rental Property Investing 101 - Get Started in 8 Steps

18265 ratings | 275488 views
Thinking about getting involved with rental properties? Looking forward to the wealth and passive income that rental properties can bring? This video is designed to help you learn the eight steps needed to begin your rental property investing 101 journey. Taught by Brandon Turner, author of "The Book on Rental Property Investing," you'll learn how to: - Make a Plan - Choose your market - Build your team - Figure out Your Financing - Start getting leads - Analyze deals - Offer and Negotiate - Close and Manage And much more. Enjoy!
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Text Comments (412)
Joseph Liu (13 hours ago)
It doesn’t really help anything, he sounds like hungry sell man
Great insight. I think the thing many people miss is time. Buy cashflow positive properties now and in 10 years they will really be bringing in money and setting you up for financial independence.
Jeff J. Cunningham (6 days ago)
Wish I watched this before my 997 course
nicholas collins (10 days ago)
i feel like i want to invest in some trailer homes. Esp in my area i feel that they for sure will get rented out.
abdusjavsj shsvsjsfana (10 days ago)
bla bla bla fucking long intro
D-rex (12 days ago)
6:33 Must be some really nice furniture
IQ encodoc (14 days ago)
I AM story 1... I want to BE story 2.
fitAlittlebit (15 days ago)
Watch "STOP PAYING RENT. MAKE YOUR MONEY GROW" on YouTube https://youtu.be/S_RsxlGNkWE
Patrick Finn (15 days ago)
thank you so much for making real estate easier to comprehend. cheers
Kenn Tollens (17 days ago)
I blew all my money on a degree. Now I'm ready to actually make money on rentals, that I didn't need a degree for.
Dritar Mahmudi (15 days ago)
Lol so many of us
vasmajority45 (18 days ago)
Checked out the Biggerpockets website and basically in the fine print you have to pay them after using their stuff five times. Your call though.
Lati (20 days ago)
Reading your book! thanks for writing it!
TheLeeDude (22 days ago)
Wtf are you even saying
Laura Forero (24 days ago)
What was your first investment property? How much did you spend on the mortgage and what did you charge your tenants monthly?
Coleman Jeter (25 days ago)
Bout to buy my first property and trailer to put on it low over head cheap maintenance and in a country Alabama town like I live in it will get rented out fast gotta know your audience
LTAceKING (25 days ago)
Wowwwww let me waste your time hyping myself up much.
john superhist (26 days ago)
But the team eats into your profit but it's good to have them
Carmen (1 month ago)
If only school would teach this Smh
charles bombaugh (1 month ago)
Cherry Home Shores is a deed restricted HOA designated "one family... residential" Per appellate court opinions vacation rentals are prohibited. A nice place for your home; but, sorry, no VRBO
You make I sound harder than it is 😂
2 year plan (1 month ago)
I'm new to all of this!! I have watched multiple videos and Brandon you have truly been a blessing. I'm so happy I came upon your videos, you get straight to the point and make everything easy to understand!
GoatZilla (1 month ago)
2 1/2 minutes of intro is excessive
whatever mechanics (1 month ago)
Just bought my first duplex. Looking at 2 more within the next 6 months 😁
whatever mechanics (1 month ago)
+Danny I am, that way I'm essentially living for free and can save money for the next two duplexes. And I'm trying to get them well enough that I can rent to section 8 and not have to worry so much about people being on time with rent
Danny (1 month ago)
Are you living in the other unit? I'm strongly considering doing this. Buying a duplex and living in one unit. I have 15k saved right now and want to go through with this in 7-8 months when I have 25k for a down payment
These guy doesn’t say nothing new
Покажу, будто просто получать один в день до 50 дол. на свою карту. Изучите вuдео у меня кaналe
ZERO260/// (5 days ago)
Yes that was funny. But I dont think his wife is a gold digger bud...
Jackson Tide (8 days ago)
??
Some Guy (19 days ago)
КАК ДЕЛАТЬ ОТ 4000 РУБ В ДЕНЬ ? СМОТРИ ТУТ Язык для
AlienPaul Gaming (1 month ago)
so sleek.......................and biased it's hilarious.
Bruce Lee (1 month ago)
Does anyone here own real estate rentals on their personal credit? I'm planning to buy multiple rentals using bank financing based on my personal credit. Question: is there a limit to how many houses I can purchase this way? Also, does it have a negative effect on personal credit?
Estaban B (1 month ago)
are condos good rental property?
Felicity Fleming (1 month ago)
thumbs up
saif kazmi (1 month ago)
You speak a little like Peter McKinnon
Estaban B (1 month ago)
What is better a one bedroom rental home or a two bedroom home?
oleg grytsak (1 month ago)
U talk tooooo fast
voodooprincess11 (1 month ago)
I'm hoping to start on that trajectory within a year or two. Passive income through real estate investment is where it's at!
Abdullah Mockbil (1 month ago)
Thank you. Finding out about biggerpockets was amazing
NicholasAlexander (1 month ago)
I'm kind of a mix between story one and two.
you should put the book link in the Bio
Kaelin Curtsinger (1 month ago)
Sound is atrocious
grnLogic (1 month ago)
So I got a numbers question. Let's say you can buy a 2 unit for 200k, nicer area. A 30 yr mortgage at 20% down would aprrox. cost $1,099/mo. on the mortgage, and the 2, 1 bd units generate approx. $1,700/mo. and tenants pay all utilities. Let's say you add $200/mo. in unexpected costs. So the annual gross income would be... (1700x12)= 20,400-(1300x12) or (15,600) = approx. $4,800 net annual profit. Considering such a small income on such a long loan and ignoring vacancy would this be worth it, or is ROI way to lengthy to be worth such a large upfront cost (20% down) and such small annual profits?
hotam (1 month ago)
Is it a good idea to buy rental properties all cash? or mortgage? and if it's mortgage how would you make profit? wouldnt all the monthly payments go straight into the mortgage?
LazyBanditGaming (1 month ago)
It's best to go in cash, it's free and clear of debt = good thing. If you want to hit it hard I would only Mortgage one property at any given time. that's what i plan on doing. My business partner and i Just bought our third property cash, we plan on using that one for a loan to buy another.
bakinskiy91 (1 month ago)
STOP advertising
Harry McRae (1 month ago)
Yes
Fritz Whaley (1 month ago)
Cool
Hermis Dionisio (1 month ago)
struggle to find rental cost living California can living every body move out cheap place to go,...
shoebox91us (2 months ago)
ashes to ashes dust to dust when bubble bust you will be as broke as the rest of us
Luca Graziano (2 months ago)
What is the 2% rule they talk about?
Gt Cline (21 days ago)
The 2% rule he mentions is that your rental property should return 2% of its purchase price monthly. This 2% rule is incredibly difficult to find, I would relate it to stumbling upon a unicorn. :)
X Amdaut (2 months ago)
This an amazing video, like & subscribed.
since 99 (2 months ago)
great intro
XIV Words (2 months ago)
I don’t need toys I’d rather make money
Chad (2 months ago)
What’s your opinion about mobile home rental ?
Charlotta Richards (2 months ago)
Gotta really learn to do my numbers! And I guess come up with the money to begin 😪
Iankov Pedraza (2 months ago)
Trying to get my first rental property. Should I pay for the property in full, cash? Or should I get a mortgage?
Great vid man! I’m starting to do more research, eventually have to make the jump to actually looking at properties
Leena Bella Mayo (2 months ago)
Thank you for the channel, which helps some of us look for issues to solve. Buying is pretty hard to do alone these days which is why we created a platform for co-buyers to meet :).
scoobydog411 (2 months ago)
When I hear, Hit the Like button, that's when I stop watching. So don't say it. If you own 3 or more houses, then you will always be fixing houses and not at the beach. You should look at making money other ways. That part is up to you. I'm not telling my secrets.
YORDAN VANGELOV (2 months ago)
Can I hire two or more rental/properthy managers at the same time for the same property?
Dritar Mahmudi (15 days ago)
You could theoretically. Why would you do that though? It would cut into your profits. Counter productive
Chris Hamill (2 months ago)
Hi. Great video. Some good content here. Keep up the good work!
Samone (2 months ago)
I'm 22 and own 5 properties but we fix and flip
Paul Dansby (2 days ago)
+Jafarmarar thank you:) cool me down lol
Jafarmarar (2 days ago)
Paul Dansby Somebody get this man a sprite.
Paul Dansby (1 month ago)
Married at 22years??
Samone (1 month ago)
+Peter Smith yes, my husband
Peter Smith (1 month ago)
Samone you have a bussines partner
Jamar Meadows (2 months ago)
Thank you for this video sir. I look forward to getting into real estate and these tips are awesome!! Thanks again.
simply the best (3 months ago)
talks fast has a lisp and ginger hair...he must a witch or a conman
None Ya (3 months ago)
The thing that frightens me, is the tenant that moves in and stops paying. And, it takes a year or more to get rid of them.
Luis Mora (12 days ago)
Property management company.
darrelleffingeez (3 months ago)
Please don’t ask people to subscribe before the video....
Monique Mae Anne Paet (3 months ago)
Are there any tips for just those starting? Like if I have just 2 rentals and starting small like 30,000-60,000 USD houses, will it be a good investment to hire a broker, agent, etc? I mean I know along the line, you will eventually need them, but at what point (or number of rentals would they be really necessary)?
Albert Gamboa (3 months ago)
Any recommendations on books about getting started investing in real estate?
Jack Off (3 months ago)
I am 17 and own 3 properties and am an invester already. I left school at 15 after reading a book called rich dad poor dad. My mother’s uncle is also an invester and had recommended that book to me. When I left school I went straight into a trade and started saving money ($300 a week to be precise). The book rich dad poor dad I strongly recommend because it surely helped me. Get out there and don’t let anyone stop you 😎👊🏼💰
F. Fraijo (3 months ago)
If I buy a duplex w a mortgage lender, and cannot get permission to transfer the deed to my LLC, should I still open an LLC for that duplex? Although the duplex is in my name, could I collect rent and track expenses through the LLC? Would there be any tax benefit to doing this ?
Daniel (3 months ago)
Wow wow wo slow down.
Next Level Realty (3 months ago)
Next Level Real Estate Investor !
V12 Bat (3 months ago)
I'd say the number one rule in real estate investing is outsourcing your tasks to others, be it property managers, contractors, etc. In fact in any business you shouldn't try to do everything.
thecrow (3 months ago)
can i just buy one rental property and use it for drugs and prostitution...get hella bitches to make me money
begaqincer (3 months ago)
how to people get investment properties without putting 25% down?
begaqincer (21 days ago)
Gt Cline ok thanks
Gt Cline (21 days ago)
Look into these types of loans: 1. FHA loan - 3.5% down - this has to be your primary residence for at least a year though. 2. 97 conventional loan - 3.0% down - this requires at least 620 credit score
Kami Easton (3 months ago)
Did he put on lipstick?
Mardi Deals (3 months ago)
Check out beinspiredprints.com Super cool print shop that’s all things Real estate investing. Awesome shirts and mugs got to check them out.
jonah ramos (3 months ago)
100% my plan for after high school
PoseidonSiegeR 6 (3 months ago)
This shit don’t help no one he just wants to make more money for you hoes
Eduardo Salido (3 months ago)
I didn't understand the last financing option he mentioned. Was it "bird investing"???
Brittany Griffin (3 months ago)
One essential thing you will need in real estate investing is a lawyer. Ask any investor and they will agree. I hired my lawyer for under 30 bucks a month. Happy to give anyone that may need it the info just let me know
Peter Smith (1 month ago)
Brittany Griffin really what stuff he tell you
Melissa Bailey (3 months ago)
Very informative. Thank you!!!
Chewe Chilumbu (4 months ago)
Cartoon Network
Sandra Lucci (4 months ago)
Awesome advice. Thanks will be following all videos and I need all your books
Kingship LLC (4 months ago)
Does commenting help generate revenue for channels?
Homemade Food Feast (4 months ago)
I’m planning invest in real estate for rent it’s been 19 driving trucks and I want retired soon
CharmanderMakesFire (4 months ago)
How much capital do I need to start buying properties? Also, do I need good credit?
Hey 21 (1 month ago)
CharmanderMakesFire that’s like asking how much gasoline you should put in your car to get from point A to point B. Depends on many many many different factors. And yes you need good credit.
CirclesEntertainment (4 months ago)
I would like to ask everyone’s idea. I would like to hear each opinion. I purchased my first investment (a 2 bedroom condo 38 sqm). I paid the 20% for 4 years coz it was pre selling. They announced that it’s the turn over and I am in a dilemma of making it self-liquidating and get a long for 20 years monthly amortisation and get a high interest but I will not be adding monthly amortisation. Or get the 5 years but pay the other half of it with my own money. (I have my own business but I am not sure if it is always good, I am just being realistic).
Rod Thomas (4 months ago)
Thanks for sharing your insight. You provide appropriate advice.
The Designer (4 months ago)
I'm 41. Am I late !!!
PJ Tello (4 months ago)
You're late when youre dead
Kary (4 months ago)
great advice . . . . invest now . . . play later!!
Drew Emaas (4 months ago)
Sir is rental property still profitable if i start at mga 20's and also is it more convinient if i use my own earned money or get a loan?
Propelio TV (4 months ago)
Drew - depending on what market you are in... it might not be a good time for rentals aka buy & holds.... if the market dips you will be in a situation where your loan is higher than the worth of the house... so at the top of a market cycle which is what we are probably in right now... you need to be wholesaling / flipping / or owner financing out properties... best time to buy rentals is at the bottom of the market when they are cheap!
Jason Hall (4 months ago)
Hey Brandon, first time watcher!! Great content! I’m gonna sit at your feet and soak up the knowledge and try to apply it here in 2019. Thx 4 sharing!!🙏🏽
Clinton Bolton (4 months ago)
Brandon what do you recommend getting a conventional home loan or a FHA loan?
Jam (4 months ago)
- Make a Plan - Choose your market - Build your team - Figure out Your Financing - Start getting leads - Analyze deals - Offer and Negotiate - Close and Manage
Peter Smith (9 days ago)
redgear4566 gottcha
redgear4566 (9 days ago)
Peter Smith I’m assuming real estate agents, lawyers, lenders, property management and befriending other real estate investors.
Peter Smith (1 month ago)
Jam what do you mean build a team like a bussiness partner?
X D (1 month ago)
Shut up
Jose (3 months ago)
Jam I just took a snapshot of this comment lol thanks
Armando Deluna (4 months ago)
I should of said no to drugs
Cesar Henriquez (1 month ago)
Yup. I just did and things are looking up. Never too late
Aurora's Vlog (4 months ago)
so I am interested to be that guy number 2. Here's my situation: I have a mortage of $1400 a month with 2500sf size house *4 bedroom). I would like to rent this one maybe possible for $2k/month. And I would like to buy a new house that we can move on to. Is this even possible? My biggest fear is that, what if we ended up having 2 mortgage and not getting a renters? How do I begin?
robertpal9 (4 months ago)
Well first what are using the space for ? Do you have a family? If no then try to down size to up the amount you can put towards your goal. As well doing so alleviates the mindset, "if I fail this:". Also, start small if you at the moment can't downsize/ afford a second mortgage then get a condo with 15-20% down and spruce it up a bit and rent it out for enough to be able to afford itself plus a portion of a second then repeat the process after you feel like you have enough to start moving in the house industry do so but don't dive head first into muddy water. Hope this helped :)
MLR97 (4 months ago)
I loved your story because I feel you!
Levi Family Jewelers (5 months ago)
NOTES: Here are the eight steps: 1. Make a Plan 2. Choose Your Market 3. Build Up a Team of Professionals in Your Network 4. Figure Out Your Financing 5. Start Getting Leads 6. Start Analyzing Deals (Math overcomes fear) 7. Offer and Negotiate 8. Close and Manage
Jay Nguyen (5 months ago)
He got some of his beard hair from his eyebrows. Lol.
Deshan Pietersz (5 months ago)
i have a question. If we buy rental property. should we do all repairs or will the people who are staying for rental will do it?
Dritar Mahmudi (15 days ago)
The owners are responsible for renovation work and repairs.
K S (5 months ago)
trash
TIG2MAN0 (5 months ago)
wicked empire. fucking right attitude
Joshua Thiede (5 months ago)
Great video, very motivating! I'm 18 years old and just bought my first house earlier this year.
Memory makers (3 months ago)
Look up house hacking. I wish I did that when I was younger and didn’t have a family to take care of.
Joshua Thiede (4 months ago)
+J S Absolutely! 👍
J S (4 months ago)
Keep your eyes on Jesus...and your goals. God needs people with money to get things done.
Propelio TV (4 months ago)
+Joshua Thiede thats awesome!!! the most frequent 'thing done wrong' as a real estate investor... is Inaction! to the face that you are actually Doing... thats huge!!!
Joshua Thiede (4 months ago)
+iFailedPreK Right now, I am living in the house that I own, but I will be purchasing a few more rental units over the summer. When I get those, they will be managed by a property management company because my main thing is my lawn & landscaping business that I own. Thanks
Barrick Golf (5 months ago)
Im story one that wants to be story two. I’ll be watching all these videos sold my 40k car now I’m driving a 300$ car.

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