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A Step-by-Step Guide to Buying Your First Real Estate Investment

The BiggerPockets Podcast
1 min read
A Step-by-Step Guide to Buying Your First Real Estate Investment

Welcome to the BiggerPockets Podcast show 200! We wanted to create a show that we could point people to in the future as an ultimate resource for building their real estate investment business. If you are new, this will give you a step-by-step plan. If you are experienced, it will help you systematize your business better and pick up new ideas to streamline how you buy properties. These tips were obtained from the community in a recent Forum thread Josh started.

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This Show is Sponsored By

patchoflandWe just wanted to give a shout out to our podcast sponsor on today’s show: Patch of Land. Patch of Land is a Peer-to-Real-Estate (“P2RE”) lending marketplace that matches accredited and institutional investors seeking high-yield, short-term, asset-collateralized investments to borrowers seeking more timely and consistent sources of funding for rehabbing properties across America.

Learn more by visiting Patch of Land!

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In This Episode We Cover:

  1. Commit
  2. Gain Knowledge
  3. Get Your Life in Order
  4. Decide on What You Want With Your life
  5. Decide What Niche/Strategy is Going to Get You There
  6. Set Your Goal(s)
  7. Choose Your Farm Location
  8. Figure Out Your Financing
  9. Get Your Core Team Together
  10. Start Looking for Deals
  11. Estimate Rehab Budget
  12. Run the Numbers
  13. Review Your Numbers With Someone
  14. Make the Offer
  15. Negotiate and Get It Under Contract
  16. Manage the Due Diligence Process
  17. Keep Yourself Organized
  18. Buy the Property
  19. Manage the Property or Rehab
  20. Stick Close to BiggerPockets for Every Step of This process

Download the PDF (for all the links)
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Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.