Summary of The ULTIMATE Beginner's Guide to Investing in Real Estate Step-By-Step

00:00:00 - 00:15:00

This video provides a step-by-step guide for beginning investors in real estate, including advice on making offers, performing inspections, and closing on a property. It advises investors to get estimates for repairs and upgrades, and to speak with their lender and accountant at the same time as they perform an appraisal on the property.

• 00:00:00 This 1-minute video provides a step-by-step guide on how to invest in real estate. The first step is to build good credit, followed by saving money, and finally showing income on a tax return.
• 00:05:00 The video discusses the importance of getting pre-qualified for a loan before filing your taxes, and the benefits of doing so. The author recommends speaking with a lender before filing your taxes in order to determine whether your income is sufficient. This process works well because if the author is showing too much income, he can ease off his tax write-offs, while if he is not showing enough income, he can add an extra 10% buffer. Finally, the author advises growing your portfolio beyond the areas where prices are already high, in order to spot opportunities before they become too expensive.
• 00:10:00 The video provides a step-by-step guide for beginning investors in real estate, including advice on making offers, performing inspections, and closing on a property. It advises investors to get estimates for repairs and upgrades, and to speak with their lender and accountant at the same time as they perform an appraisal on the property.
• 00:15:00 This video provides a step-by-step guide to investing in real estate. It explains the process of buying a property, doing renovations, finding and renting tenants, and taking care of financial matters.