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

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✅ Check out our out-of-state real estate investing course Remote Rental Riches sharonsean.tea... which teaches you step-by-step how to acquire your first rental property!
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.
If you're also interested in our step-by-step course for more hand-holding, check out Remote Rental Riches: courses.digita...
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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🎉My Goodies!
- Get my FREE Passive Income Toolkit:
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- Join the REMOTE RENTAL RICHES Course for the step-by-step guide on out-of-state real estate investing: courses.digita...
- Join The ETSY ENTREPRENEUR Course for an Extra $1,000/month in Passive Income: courses.digita...
- Join The BLOG LAUNCH PROFIT Course for an Extra $1,000/month blogging: courses.digita...
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For Investing:
- Public - Invest in Stocks (Get a FREE stock up to $50 through my link!): pblc.co/digital...
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- Fundrise - Invest in Real Estate with just $500 - fundrise.sjv.i...
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My ENTIRE List of Camera and Recording Equipment: www.amazon.com...
For Building Your Business:
- Hostgator for your blog (code DNQ60 for 60% off)- digitalnomadqu...
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Disclaimer: Some of these links above are affiliate links which means I may make a commission if you use the links at no extra cost to you. This will help support my channel! Sharon is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com.
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.

Опубликовано:

17 авг 2024

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Комментарии : 71

@wedsonolivia4103 Год назад

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

@wedsonolivia4103 Год назад

1. Limit your spending/cut off retail therapy 2.Put the extra cash towards investing in high yielding or steady investment. 3. Get a financial coach/mentor to guide through your investing goal. These might look simple but they require good amount of willpower, but through mentorship, I've been able to consistently grow my portfolio to $800K and I'm looking forward to retiring at 50 as well and I only wish I started up early. Goodluck

@wedsonolivia4103 Год назад

That's awesome if it is not asking too much, do you mind hooking me up with your coach

@elke9161 Год назад

The consultant that guides and assist me is TERESA JENSEN WHITE, you can check her out online and reach out to her through her website to book an appointment

@wedsonolivia4103 Год назад

Thanks for sharing, just looked up the broker you mentioned on google and I'm super impressed with her credentials. I will be writing her an email shortly

@charlesjoseph1031 22 дня назад

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

@daliwood8900 2 года назад

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.

@HondaTrumpAi 2 года назад

LA is trash. Good luck with those Liberal policies. The property is more the government's than your own.

@bagani9452 2 года назад

*thanks for your comment.... For more proper guidelines and mentorship. Leave a msg 👆🔝....

@lootznbootz4588 2 года назад

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!

@SharonTseung 7 месяцев назад

Glad you liked it!

@carlos_urena 2 года назад

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

@nicholasharwood6688 Год назад

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

@carlosrendon5396 Год назад

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.

@SiiNTi Год назад

I’m kind of new to this do you think we could talk? I have some questions

@leslie5987 2 года назад

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!

@Training.77 2 года назад

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

@datcoldboi9243 7 месяцев назад

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

@SharonTseung 7 месяцев назад

Hi yes! sharonsean.teachable.com/p/property-analysis-calculator you can use YT50 for 50% off :)

@phillyboylaboy 2 года назад

Hello, i bought a property for $130,000 and now i have a tenant at $500 a month. Is that a good return? How much do you consider a good ROI. Ty for your channel. Apologize if my question is basic. I am a new landlord. Thank you.

@ArdillaINC Год назад

I would say it depends on how much your mortgage is and all your other expenses in a monthly basis including insurance etc. If the rent covers that then yes

@pahouaxiong2420 2 года назад

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 ?

@bagani9452 2 года назад

*thanks for your comment.... For more proper guidelines and mentorship. Leave a msg 👆🔝....

@mkenner2419 2 года назад

Thank you so much, this was so helpful!!

@bagani9452 2 года назад

*thanks for your comment.... For more proper guidelines and mentorship. Leave a msg 👆🔝....

@Ace-ht1is 4 месяца назад

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

@mayelicefil8492 Год назад

love your video! so much helpful thank you

@tanshmay Год назад

No bs straight on point

@toosweetobesour 2 года назад

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

@lifewithmuka3782 2 года назад

You should always set your business away from yourself so buy under your business

@julinademooy7206 2 года назад

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

@jazeryismyname Год назад

Because I’m assuming she wants you to get her course

@luiscorralc Год назад

It’s literally a “get your first rental property video” why would it talk about more complex topics

@angieOB2E 2 года назад

Love your content !!! 💜 Thank You !!!

@dralisa 2 года назад

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

@SharonTseung 2 года назад

Aww thanks so much!! 😄

@davidporterrealestate 2 года назад

how do you get a fha loan for a rental property???

@davidporterrealestate 2 года назад

@Bruce Potter I just looked it up, you do have to reside in the property. So, maybe a 4-plex. Great house hack if you can do it.

@SharonTseung 2 года назад

Speak with a lender and see if you can qualify! You would need to live in the property for at least a year!

@stanmoney8470 9 месяцев назад

Should you buy a investment property from a video walk thru?

@jamieforbes3002 2 года назад

Very informative, well done

@_theechriswilliams 2 года назад

This is a great video!!!!!!!

@hannamalcom920 2 года назад

Great video!

@SharonTseung 2 года назад

Thank you!!

@loveintruth4660 2 года назад

This is very helpful. Thanks for sharing!!!

@SharonTseung 2 года назад

Glad you liked it!

@doralorenc2501 Год назад

Hi Sharon! Great content. Thanks for sharing your knowledge and experience here. I am happy I have found you. I have not bought my first rental property yet but I have been saving really hard, working a lot too. I am hoping to purchase my first rental in the next 6 months. And here is the question to all of you. When I was buying my residential property (on my own) everyone was genuinely happy for me, congratulating...now, whenever I mention my new investment goal...there is silence! Strange looks... No words of encouragement. Nothing. It feels weird. People I spoken to do not have any rental properties (as to my knowledge). My collegue even accused my being "capitalist". She said something like: ("oooohh, I did not know this side of you!"). I am puzzled and confused by these reactions. Should I even stop mentioning my investment plans to people? It just feels strange and a bit isolating! I live in the UK. Help!

@SharonTseung Год назад

Thank you! Yea I ended up going to a lot of conferences and meetups to find people similar to me that enjoyed talking about it all. That might be helpful for you!

@haroldhoffman2750 Год назад

Passive income does have a way of liberating people, i remain eternally grateful to Mrs Margaret and her company for their efforts that got me to this point, finally payed off my mortgage and some crazy a** debts, what more could I've asked for

@mr.alejandro758 Год назад

Amazing that you know her too. It's only been a few months with her, my portfolio has grown tremendously and i've been making lots of profit

@billywalters7195 Год назад

Mrs Margaret is a prayer answered, I was at that point of giving up when i met her, she turned the tides around

@marilyngarcia7676 Год назад

you invest with Mrs Margaret too? Wow that woman has been a blessing to me and my family.

@Bessie_kinch Год назад

I’m new at this, how can I get in-touch her?

@noahprescott2789 Год назад

I had my doubts at first when i came across her name, took the risk to tryout her strategies, i was mind blown on the huge returns.

@dandrewhite2387 2 года назад

🔥🔥🔥🔥 Content!!!

@ritasamaddar4895 2 года назад

Thank you for another great video.

@flaviomancia8404 2 года назад

Donde están ubicada esa casa

@ahnafahmad324 Год назад

Does this apply for Canadians ?

@Want2BRacer 2 года назад

Does anyone have a Property cashflow calculator they could recommend?

@simran41997 2 года назад

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?

@simran41997 2 года назад

I'm new to real estate by the way. Just want a good house to make it my home for my family.

@dathoang2692 2 года назад

that's y i am using my VA loan to do BRRRR. wish i start using va loan 10 years ago. that's y i teaches my subordinates to start early. don't be like me.