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136: The 6-Step Process for Buying Your First Rental Property

Real Estate Rookie

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Are You Going to Buy a Single Family?

Before you can even begin shopping or looking for deals, you need to know what is in your price range. So how are you financing the deal now? And what is your budget? If you're going to a bank, they can pre approve you for a certain amount. How much do you want to profit? What is going to be Your monthly cash flow that you want on the property? After the rent comes in and all your expenses are paid, including the mortgage,. Is that going to be 200 dollars? That can be 500 dollars. You don't need to learn everything. Bigger pockets have so many, like cheap tools. I guess that you guys can use and go over those

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