82: How To Buy An Income Property: Step-By-Step

May 6, 2016

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#82: Your offer is accepted, your Earnest Money goes into to escrow, then your property has an Inspection, Appraisal, and more - all the way to closing.

We discuss those steps, tell you what your action items are, and discuss how long the income property-buying process takes.

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Listen to this week’s show and learn:

02:00 Robert Kiyosaki will be our guest in two weeks.

04:11 Why we’re embarking on the best decade ever for income property investing.

05:41 Why would anyone sell you a cash-flowing property? Many reasons given.

11:59 How to identify a winning income property: RV Ratio, eliminate your emotion, turnkey buying.

17:48 Investors get excited by the next deal. Remember to protect what you have.

19:20 What your Mortgage Loan Officer needs from you. Pre-approval letter.

20:22 Can you negotiate the property price with turnkey providers? Yes.

21:15 Submitting your Earnest Money.

23:03 Get a professional Property Inspection. What to expect.

27:17 Your Property Management Agreement.

28:21 Property Insurance.

29:18 Get a relationship with your Property Manager.

31:42 Your Property Appraisal.

33:23 Mobile Notary.

35:42 Real estate’s lack of liquidity contributes to its price stability.

36:14 You need to act. You won’t make money from the property that you don’t own.

Resources Mentioned:

CorporateDirect.com - Garrett Sutton’s company builds your business structure and protects your assets. Mention “Get Rich Education” for a free bonus.

NoradaRealEstate.com or call (800) 611-3060. Your Premier Source for Nationwide Turnkey Cash-Flow Investment Property.

MidSouthHomeBuyers.com - Top-Notch turnkey rental property in Memphis, Tennessee.

GetRichEducation.com - that’s where to subscribe to our free newsletter, receive turnkey real estate webinar opportunities, and see all Events.

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