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

Exclusive Content HERE: castleclub.tv - https://freshandfit.locals.com/ Wanna be heard? SUPERCHAT BUTTON: fnfsuperchat.com - https://streamlabs.com/sl_id_b370660a... ️Rumble️ ➜https://rumble.com/freshandfit -------------------------------- Clips Channel ➜    / freshandfitclips   -------------------------------- Purchase Our Merch ➜https://www.freshandfitstore.com/ Use Code "fresh" for discount with Gorilla Mind: https://www.gorillamind.com/fresh Get Your Confidence Back With Blue Chew: https://www.get.bluechew.com/freshfit Order Myron's book "Why Women Deserve Less" here: https://a.co/d/9YdQI9d Exclusive Content HERE: castleclub.tv - https://freshandfit.locals.com/ ⏲️ 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! ---------------------------------