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Buying Your First Rental Property | Real Estate Investing Basics
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Join Ken McElroy as he talks with his co-writer for his latest book the ABCs of Buying Rental Property.
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➤ What is Driving for Dollars? Driving for dollars is a more direct approach to finding wholesale properties than simply sending out emails to inboxes or letters in the mail. It’s the term used when you drive around a neighborhood that you think could house future wholesale deals, then document distressed properties to create unique lead lists. Oftentimes, it can be more profitable than other techniques. Ken’s fans instantly get $15 in credits with promo code KenDM!
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⏰ Timestamps ⏰:
0:00 Introduction
2:30 Working with Ken
6:08 Introducing the ABCs of Buying Rental Property Book
7:00 Talking about a first-timers process
15:10 Stocks vs Real Estate
19:33 Property value discussion
20:13 The real purpose of investing
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Ken has a real estate strategies podcast! Follow on your favorite platform for new discussions released weekly.
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Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
#KenMcelroy #RealEstate #BuyingRentalProperty
7 days ago - Key Takeaways. Purchasing an investment property to earn rental income can be risky. Buyers will usually need to secure at least a 20% downpayment. Being a landlord requires a broad array of skills, which could be as diverse as understanding basic tenant law to being able to fix a leaky faucet.
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The foolproof formula for buying income-producing rentals · a. Buy below market 10-20%. · b. Property must generate at least a 15% ROI, cash on cash. · c. Buy in ...
Jul 9, 2020 - As a long-term investment, many have done well with real estate, but buying rental property at this time requires a look at new realities.
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