Rental Property Investing QuickStart Guide

The Simplified Beginner's Guide to Finding and Financing Winning Deals, Stress-Free Property Management, and Generating True Passive Income

Symon He

• Editorial: ClydeBank Media LLC
• Año: 2021
• ISBN:
  9781636100104
• Edición: 1
• Categoría: Business
• Categoría: Real Estate

THE ULTIMATE BEGINNER'S GUIDE TO RENTAL PROPERTY INVESTING

INCLUDES 8 HOURS OF ONLINE REAL ESTATE COURSES FROM THE AUTHOR + MULTIPLE FREE REAL ESTATE INVESTING TOOLS – FREE!

Do you want to learn how to leverage rental property investment to produce lasting passive income, achieve financial freedom, create freedom of time, and build true wealth? Have you purchased rental property investment 'training' with so-called 'gurus' and come away with a lighter bank account and no clear path to rental property investing success? If so, look no further than Rental Property Investing QuickStart Guide, the most comprehensive, practical, beginner-friendly rental property investing book ever written. Owning rental property is the best way to generate a passive income stream, period. While other investment vehicles may come and go, rental property investing has stood the test of time. Direct real estate investments—and the income generated by rental properties—play a major part in minting millionaires on a regular basis. Not only do rental property owners enjoy positive cash flow in the form of rents paid, but each of the properties they own appreciates in value. With tax-advantaged profits and a high degree of control over your investments, rental property investing is an attractive and streamlined approach to wealth creation. In Rental Property Investing QuickStart Guide, bestselling author, course instructor, real estate investor, and veteran consultant Symon He breaks down everything that aspiring real estate investors need to know to build a thriving rental property portfolio. With over 300, 000 students in nearly 180 countries and a bestselling real estate investing book under his belt, Symon knows exactly what new investors need to get right, what they should avoid, and how they can protect themselves from risk on their rental property investing journey. Successful rental property investors enjoy lasting financial freedom. Whether you are a complete beginner or want to grow an existing rental property portfolio, with Symon's expertise at your disposal you can accelerate your rental property investing journey and live the life you deserve!

Rental Property Investing QuickStart Guide Is Perfect For:

• Complete newcomers to the world of rental property investing or anyone looking to generate passive income streams through rental property investing
• Existing rental property investors looking to expand their portfolios and maximize their rental revenue
• Anyone who has struggled to find success in the past with complicated books or expensive rental investment training

Rental Property Investing QuickStart Guide Will Teach You:

• How to Find and Finance Lucrative Rental Properties Into a Self-Sustaining Passive Income Stream
• How the Real Estate Market Works, How to Anticipate Market Cycle Changes, and How to Find the Perfect Investment Entry Points
• How to Maintain Properties with Minimal Effort, Upgrade and Grow Your Investments, and Cash In Your Equity
• How to Maximize Your Rental Income, Develop a Productive Portfolio of Rental Properties, and Generate a Thriving Rental Income
• How to Analyze and Compare Rental Investment Properties, How to Spot and Act on Hot Deals, How to Maintain a Positive Cash Flow, and More!

*LIFETIME ACCESS TO FREE REAL ESTATE INVESTING DIGITAL ASSETS*

• Valuation, terminal value, and rental comparison worksheets
• Advanced Rental Income Analyzer, Wholesaling Deal Analyzer, Symon's Exclusive Fix & Flip Property Analyzer, and more!

PART I

PLANNING TO WIN AT THE RIGHT PRICE

| 1 |

Investment Ideas

Chapter Overview

• The One Strategy That Always Works
• Buying Properties for Rental: Old or New?
• The Ever-Popular BRRR(R) Method
• Carving Out Effective Niche Strategies

Hope is not a strategy.

– James Cameron

There is a maxim in real estate that I have seen to be true, and it’s this: You make your money when you buy. Contrary to popular belief, most of your profits are determined by your work at the beginning of the deal. Good rental returns, a consistent appreciation of value, and great exits will make you money, but only if you put in the effort at the beginning of the process. I could tell you all about renovations, attracting better tenants, the best time to raise your rents, and so on, but what good would it do if you did not already have in your possession a profitable, sustainable, carefully selected property? Attracting reputable tenants, for instance, is a great skill to have, but if you have no chance of covering your expenses and debt service costs, then your excellent tenants will, at best, mitigate your losses. The same is true for all the minutiae of being a landlord. I can tell you what to do and how to do it well, but everything is secondary to getting a good property at the right price. If you take the time to prepare your first step, then every step that follows is going to be easier and more rewarding.

When little children are learning about the world, they are always asking why. When people want to learn about building wealth through rental properties, they always ask how. But I think the best question to ask before anything else is what. What strategy will you pursue? What investment option suits your desires and your risk tolerance? What plan will take you down the road you want to travel?

People decide to invest in rental properties for different reasons. Perhaps you want to create a second income stream for your household. It might be that you want to replace your income entirely. Maybe you’re looking to build equity in a property to supplement your retirement plan. Or maybe you’re chasing an alternative to the more traditional investments in stocks, mutual funds, and bonds. Rental property will allow you to diversify. Regardless of your ultimate objective, the immediate goal of your very first rental property investment should be to secure your path toward a second investment. Accumulating rental properties, when done well, should be a game of profitable returns. When you do it right the first time, your experience makes it easier to scale your efforts into additional properties. Throughout this chapter, we’ll explore a number of strategies as you begin your journey into real estate. But no matter which option seems best to you, remember that your immediate goal is to find a strategy that gets you to the next property.

One of the common misconceptions I hear from my students is that real estate investing essentially requires you to make a gamble. You spend your life savings on a down payment, hope that everything works out, and pray that you don’t lose your shirt along the way. That is just not true. You can and should begin with small investments. I will work as hard as I can to give you the knowledge to succeed, but I won’t be there to hold your hand on your first deal. There is a steep learning curve that only comes with experience. Try as you may, there will be bumps along the way, such as having long unplanned vacancies or underperforming on your expected rental returns. Although it’s rare, you may even fail completely on your first try and lose the whole property to an “act of God,” along with your investment. But even if such a worst-case scenario comes to pass, it doesn’t have to be the end of your journey. One failure should not be allowed to demolish your resolve or set you back so far financially that you will never try again. Failure is, in fact, an excellent teacher. We all acknowledge Michael Jordan as one of the best basketball players of all time. His records are impressive, with six NBA championship rings, five MVP awards, and mo...