BiggerPockets Real Estate Podcast cover image

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

BiggerPockets Real Estate Podcast

00:00

How Do I Get a 930 a Month?

You don't have to be an expert to be able to understand the basics I'm going over right now. Now that we can see that we believe we would get six 30 a month per unit and we know there's four units, I just went in my calculator and did six 30 times four. And that told me 25 20. So I can expect to get a gross rents of about 25 20 on this property. What was the purchase price to 40. Put that in here 240,000. It's asking me for the closing costs. Well, David, I don't know that I'm not an agent like you that buys a bunch of properties and writes books and I have better hair

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app