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0Tired of spending your money on rent or stashing it in a traditional savings account? You could make your money work harder for you and get on the path to financial freedom with real estate investing. Today, we’re going to show you exactly how to buy your first rental property in 2025, step by step!
Despite rising home prices and high interest rates, now is an ideal time for new investors to buy real estate, as they face less competition and have even more leverage. So, in this episode, Ashley and Tony are going to show you seven steps that will get you off the sidelines and into the game! First, we’ll help you lay a foundation for investing. You’ll not only need to get your financial house in order but also set clear investing goals, determine your purchasing power, and choose your investing strategy.
You’ll also learn how to do things like find a lender, choose your market, and assemble your investing team. Then, we’ll start looking at deals! We’ll share how to build your buy box, analyze properties, and negotiate with sellers. Most importantly, we’ll teach you the right way to build your business so that you succeed today AND as you scale your real estate portfolio!
In This Episode We Cover:
How to buy your first rental property in 2025 (step by step)
Why NOW is the perfect time for new investors to get into real estate
The three things you must do before buying an investment property
How to create your “buy box” and start analyzing rental properties
The value of building relationships with small, local banks and credit unions
Must-have systems and processes for your real estate business
And So Much More!
Links from the Show
Ashley's BiggerPockets Profile
Real Estate Rookie Facebook Group
Follow Real Estate Rookie on Instagram
Ask Your Question for a Future Rookie Reply
“Like” Real Estate Rookie on Facebook
The Rookie’s Cheat Sheet for Market Research (Find Where to Invest in 2024)
Real Estate Investing Resources
How to Financially Prepare to Buy Your First Rental Property (7 Steps)
Follow Real Estate Rookie on Instagram
Pick Up Ashley’s Book “Real Estate Rookie”
Sign Up for the Real Estate Rookie Newsletter
Find an Investor-Friendly Agent in Your Area
Find Investor-Friendly Lenders
Real Estate Rookie 523 - The “Secret Sauce” for Buying Rental Properties BELOW Market Value
(00:00) Intro
(00:36) Why Real Estate?
(04:49) Step 1. Lay the Foundation
(09:25) Step 2. Talk to a Lender
(11:27) Step 3. Choose Your Market
(14:59) Step 4. Build Out Your Team
(18:49) Step 5. Create Your Buy Box
(25:03) Step 6. Make an Offer
(31:53) Step 7. Prepare for Closing
(33:56) Find Your NEXT Deal!
Check out more resources from this show on BiggerPockets.com and www.biggerpockets.com
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