{"id":82401,"date":"2016-11-10T00:02:54","date_gmt":"2016-11-10T07:02:54","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=82401"},"modified":"2023-04-14T01:48:19","modified_gmt":"2023-04-14T07:48:19","slug":"bp-podcast-200step-step-guide-buying-real-estate-investment","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/bp-podcast-200step-step-guide-buying-real-estate-investment","title":{"rendered":"A Step-by-Step Guide to Buying Your First Real Estate Investment"},"content":{"rendered":"<p>Welcome to the\u00a0<a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\">BiggerPockets Podcast<\/a> show 200! We wanted to create a show that\u00a0we 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 href=\"https:\/\/www.biggerpockets.com\/forums\/12\/topics\/365396-what-decisions-do-investors-need-to-make-to-do-their-first-deal?page=1#p2318307\" target=\"_blank\">a recent Forum thread Josh started<\/a>.<\/p>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC8224998650&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"A Step-by-Step Guide to Buying Your First Real Estate Investment | BP Podcast 200\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/2WZ-tINwwA4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! We really appreciate it!<\/p>\n<h2>This Show is Sponsored By<\/h2>\n<p><a href=\"\/renewsblog\/wp-content\/uploads\/2015\/07\/patchofland.png\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-73681 size-full alignright\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/07\/patchofland.png\" alt=\"patchofland\" width=\"214\" height=\"62\" title=\"\"><\/a>We just wanted to give a shout out to our podcast sponsor\u00a0on today\u2019s show:<strong> Patch of Land<\/strong>. Patch of Land is a Peer-to-Real-Estate (\u201cP2RE\u201d) 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.<\/p>\n<p>Learn more by visiting\u00a0<a href=\"https:\/\/patchofland.com\/biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">Patch of Land<\/a>!<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-77567 alignright\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/03\/simplisafe.png\" alt=\"simplisafe\" width=\"271\" height=\"58\" title=\"\">Check out <strong>SimpliSafe<\/strong> Security&#8217;s DIY home security systems; an affordable, wireless, cellular, and customizable system that doesn&#8217;t require a contract!<\/p>\n<p>Try it today with a discount:\u00a0<a href=\"https:\/\/simplisafepockets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">simplisafepockets.com\/<\/a><\/p>\n<h2>In This Episode We Cover:<\/h2>\n<ol>\n<li><span style=\"font-weight: 400;\">Commit<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Gain Knowledge<\/span><\/li>\n<li>Get Your Life in Order<\/li>\n<li>Decide on What You Want With Your life<\/li>\n<li>Decide What Niche\/Strategy is Going to Get You There<\/li>\n<li>Set Your Goal(s)<\/li>\n<li>Choose Your Farm Location<\/li>\n<li>Figure Out Your Financing<\/li>\n<li>Get Your Core Team Together<\/li>\n<li>Start Looking for Deals<\/li>\n<li>Estimate Rehab Budget<\/li>\n<li>Run the Numbers<\/li>\n<li>Review Your Numbers With Someone<\/li>\n<li>Make the Offer<\/li>\n<li>Negotiate and Get It Under Contract<\/li>\n<li>Manage the Due Diligence Process<\/li>\n<li>Keep Yourself Organized<\/li>\n<li>Buy the Property<\/li>\n<li>Manage the Property or Rehab<\/li>\n<li>Stick Close to BiggerPockets for Every Step of This process<\/li>\n<\/ol>\n<h2>Download the PDF (for all the links)<br \/>\n<a href=\"https:\/\/www.biggerpockets.com\/files\/user\/brandonatbp\/file\/a-step-by-step-guide-to-buying-your-first-real-estate-investment\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-82426 size-full\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/11\/download-pdf-for-show-200.png\" alt=\"Download PDF\" width=\"810\" height=\"387\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/11\/download-pdf-for-show-200.png 810w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/11\/download-pdf-for-show-200-300x143.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/11\/download-pdf-for-show-200-768x367.png 768w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2016\/11\/download-pdf-for-show-200-702x336.png 702w\" sizes=\"auto, (max-width: 810px) 100vw, 810px\" \/><\/a><\/h2>\n<h2>Connect with\u00a0Brandon and Josh<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/biggerpo\" target=\"_blank\">Josh&#8217;s BiggerPockets Profile<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/brandonatbp\" target=\"_blank\">Brandon&#8217;s BiggerPockets Profile<\/a><\/li>\n<\/ul>\n<h2>Show Preview<\/h2>\n<p>&nbsp;<\/p>\n<p><iframe loading=\"lazy\" title=\"Podcast 200 Preview: It&#039;s been a real journey...\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/kLdyuif_Nw8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Brandon&#8217;s Deal Analysis Video<\/h2>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/T_7vhsSBi7c\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to the\u00a0BiggerPockets Podcast show 200! We wanted to create a show that\u00a0we could point people to in the future as an ultimate resource for building their real estate investment [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":118650,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-82401","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/82401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=82401"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/82401\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/118650"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=82401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=82401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=82401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}