How to Buy Your First Rental Property in 2024 🏠 (ULTIMATE GUIDE)

In this episode, I go over how to buy your first rental property in 2022! Many people have asked for this tutorial so I wanted to help those interested. We now have 25 units, with another 7 in escrow and it's totally changed our lives.

0:00 Intro
1:01 1st step
2:31 2nd step
3:06 3rd step
3:16 4th step
4:10 5th step
5:04 6th step
6:34 7th step
7:27 8th step
9:08 9th step
9:30 10th step
10:45 11th step
11:20 12th step
13:06 13th step
14:09 14th step
15:24 15th step
16:06 Conclusion
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While all attempts are made to present correct information, it may not be appropriate for your specific circumstances and information may become outdated. Sharon Tseung is not a financial advisor and does not provide tax, legal or accounting advice. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial advice. Please consult with a certified professional before making any financial decisions.

[wedsonolivia]

I read about a man in his 50s that started investing in stocks then retired in 2years with over $6million, that right there is my utmost goal and I'd really appreciate clues and tips on how to reach this goal within 5years

[Training.]

Love your contents and can't wait to see more! Love, Aylin :)

[mayelicefil]

love your video! so much helpful thank you

[lootznbootz]

I’ve been watching a lot of videos on this subject and THIS IS THE ONE! Thank you subbed and taking notes looking forward to watching what else your channel has to offer thanks again!

[charlesjoseph]

wow this was super detailed and informational! Thank you so much!!

[mkenner]

Thank you so much, this was so helpful!!

[loveintruth]

This is very helpful. Thanks for sharing!!!

[daliwood]

This is exactly what I need for my first rental property in 2022. I like the fix up idea to increase the property value. Will update my purchase process in LA with those tips.

[leslie]

Hi Sharon! Love your content. Would you recommend that the first property you buy be for a rental or for it to be the home you reside in and then buy a second property to rent out? Thanks so much!

[pahouaxiong]

What a great video !! My question is what if the property I've been looking at are already tenant occupied ? Can I still get an inspection going ?

[carlos_urena]

Did I hear you say HUSBAND?? CONGRATS YOU TWO!! BEST WISHES.

[dralisa]

Super informative. Thanks, Sharon! PS. Congrats on your marriage to Sean!!

[carlosrendon]

i recommend finding property management BEFORE putting in an offer not during escrow. Alot of good information here overall but some things said can be iffy. Big picture net positive advice kudos.

[WantBRacer]

Does anyone have a Property cashflow calculator they could recommend?

[nicholasharwood]

If going with the FHA loan go with the higher interest rate so you’ll have 0$’s for closing or down payments

[simran]

What if I just wanna buy a multi family house and have a good section of it for Airbnb that covers a big chunk of mortgage too?

I'm happy with my job in tech and I'll know I'm gonna grow further. I hardly have any debts at all and am pretty responsible. Can you suggest any books for my case?

[datcoldboi]

do you have a link for a calculator that will give you a better idea if the home your looking at is a good deal? been looking at alot of properties but need to know a good deal and a bad one

[toosweetobesour]

Curious if you (specifically) buy your properties under an LLC? Or under your own name (with or with transferring the title into an LLC)?

[julinademooy]

Informative video but more generic advice. Would've liked some more specific tips for investing in 2022 since it is so competitive

[Ace-htis]

Real estate is an excellent investing strategy. However, in the current market and in many cities across the US, you'd need at least 40% to 50% down payment just to make breakeven and have bitty cash flow. Plus after the new commission policy effective in July, newbie buyers are really fked