BiggerPockets Real Estate Podcast

How to Buy Your First Rental Property in 2026 (Step-by-Step)

47 snips
Jan 14, 2026
Learn how to buy your first rental property by 2026 with simple steps! Discover why real estate is a fantastic way to achieve financial freedom. Start by defining your passive income goals before selecting the right strategy and market. Get the scoop on analyzing deals and making effective offers. Plus, hear tips on managing your rental in those crucial first 90 days. Finally, iterate, evaluate, and scale your investments to enhance your wealth. This guide could lead you to life-changing passive income!
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ADVICE

Set A Clear Money Goal First

  • Set a tangible money goal and a deadline to guide your real estate strategy.
  • Use that goal to choose the right investing tool and avoid wasting time on mismatched tactics.
ADVICE

Pick Strategy Before Market

  • Choose your investing strategy before picking a market so your market fits the plan.
  • Work backwards from long-term goals to select asset types and management approaches.
ADVICE

Make A Specific Buy Box And Check Lenders

  • Define a specific buy box (price, size, age, zip) to focus your search and reduce overwhelm.
  • If unsure what you can afford, talk to multiple lenders to learn real loan options.
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