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703: The 6-Step Guide to Buying Your FIRST Rental Property

BiggerPockets Real Estate Podcast

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The LAPS System for Real Estate Investors

The LAPS system is the easiest, simplest way to understand what you're trying to do as a real estate investor. It's four steps, really it's only three steps, the fourth step is just a result. You start with leads, analyze the deal and then pursue the one that looks good. So we started off by sending out 300 letters, that gave us 40 leads We analyzed those 40 leads Out of those 40, we liked 12, we wrote offers on 12, and then one of them was accepted That ends up with 14, 32 a month in cash flow and $100,000 in equity This is how simple it is, this is why I told you in the beginning,

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