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Beginner's Guide to Real Estate Investing
Description
Learn the beginner's mistakes to avoid.
Is setting up a real estate LLC even worth it?
Learn how to build the right credit score for a mortgage loan, including why you actually don't want a score over 800.
If a cash flowing property is so great, why would anyone sell it to you? I outline a myriad of reasons.
Should you make a lowball offer to a real estate seller? Learn negotiation techniques.
Earnest money procedures are covered.
The real estate buying process is slow. From the time that you make the offer, it can often take over 30 days to close the deal.
Once your offer is accepted, I recommend a professional third party inspection. It can cost you $300 to $500 for a single-family income property up to $1,000 for a fourplex inspection.
I cover property appraisals and how they verify the quality of the bank's collateral.
Learn how to get a good feel for your property manager and what their duties are.
I discuss the Management Agreement between you and your manager.
Be sure to tell your insurance provider that this is a rental property, not your primary residence.
A mobile notary meets you at your home, workplace, airport, or even a restaurant in order to complete the paper-and-ink closing process. This wraps up the deal.
Get started with income property at: GREmarketplace.com.
For free coaching to help get you started, contact our free Investment Coach, Naresh, at: GREmarketplace.com/Coach
Resources mentioned:
Show Notes:
Get mortgage loans for investment property:
RidgeLendingGroup.com or call 855-74-RIDGE
or e-mail: info@RidgeLendingGroup.com
Analyze your RE portfolio at (use code "GRE" for 10% off):
Memphis property that cash flows from Day 1:
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Welcome to GRE! I'm your host Keith Weinhold, here to help BEGINNING Real Estate Investors Today.
The biggest beginner mistakes to avoid, when you make an offer - can you lowball a turnkey provider, and all those buyer steps like LLCs, mortgage pre-approval, inspection, appraisal, and closing. Today, on Get Rich Education.
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Welcome to GRE. From Athens, Greece to Athens, Georgia and across 188 nations worldwide. The voice of REI since 2014.
This is Get Rich Education Podcast episode 433 - and this is your Beginner's Real Estate Investing Audio Guide. Hi, I'm your host Keith Weinhold.
We're talking about how to get into long-term buy & hold RE investing - and that's because it's the most generationally-proven way to build wealth.
First, let's talk about a couple of the biggest mistakes that real estate investors make - it's being invested in only one geographic market. Often