Resources To Help A New RE Investor
When you’re a new RE investor just starting out buying rental property it’s a new and exciting experience, but the amount of information overload flowing into you can be overwhelming! Then throw on everything you need to learn about renting out a property as a landlord and it becomes overwhelming times two!
That’s where I can help.
I’ve been educating landlords for close to a decade now and I’m finally taking some of my best information, most important tips and compiling it all into handy resources you can return to time after time.
Historically, many people find me after they’re having trouble, hopefully (and with you sharing this with other new landlords!) these resources can guide more new landlords before they make too many rookie mistakes that could have been avoided with a little education.
This particular resource page is targeted towards someone who hasn’t yet bought that first rental. So hopefully you’re reading this before you’ve bought anything, but even if you have there are still some important tidbits you should probably know going forward!.
For those just getting started and eager to buy their first investment property I’ve tried to break the links and articles down to logical steps and progressions for you to read through so you’re informed strategically.
Even if you are experienced it doest hurt to go through the first section as well, sort of as a refresher, so you have as much information going forward as possible!
My intent is to make this a dynamic resource, meaning new info will constantly be added. So, it might be handy to bookmark this page by itself and come back every now and then to see what’s new!
And now, let’s get educating!
Before You Buy Your First Rental Property
I still remember renting out my first property in the early 2000’s!
It was exciting, confusing and the start of an incredible adventure. We made a lot of mistakes, we made a lot of course corrections and we survived through some incredibly tough times of recessionary periods that really opened our eyes.
You see, many other investors we knew didn’t make it and I don’t want that to happen to you. That’s why I share so much information, why I help educate so many landlords and why I have readers from around the planet.
I’ve been in the trenches and made the mistakes that allow me to help so many others avoid and that little segue leads me directly to my first resource for you to read.
This article covers three of the most important areas you need to understand as a landlord. This includes leases, tenants and systems and introduces you to the Educated Landlord Mantra…
I explain more about the Mantra in the article, and why it’s so important, so I think it’s a great place for you to start.
What You Need to Know Before
You Own Your First Rental Property
If you’re out looking for an investment property the easiest way to get started is to have a Realtor working for you.
The challenge is, not all Realtors are created equal. And worse yet, your buddy’s brother in-law who happens to be a Realtor or your neighbor’s son, who just started as a Realtor a year ago, may not be the most qualified person to help you.
Realtors who are knowledgeable about rental properties are an entirely different animal than a Realtor who’s client base is entirely buyers looking for a personal residence. As a new RE investor, having the right person from the start can make your entire experience that much better.
As investors we have to base our decisions on the numbers, not emotions and that’s why if you’re just getting started, this is the perfect article to make sure you find that right person to help you get off to a good start!
Part of your longterm success as a new RE investor comes directly from negotiating.
That’s why it’s important to share some negotiating knowledge with you and contrary to many people’s opinions, negotiating doesn’t necessarily mean someone loses.
There can be two winners, like us and the person who sold their home in the following story.
What skills do you need to be a successful landlord?
Do you need to be a handyman with a huge collection of tools?
How about people skills?
Maybe a fierce negotiator so you can win every negotiation?
Well, the real skills to make you a successful landlord may surprise you.
A real challenge when you start out as a new RE investor or landlord is the amount of negativity it can draw.
As soon as you tell some people your plan out comes a story about a Real Estate nightmare or horrible tenants or all kinds of tales that chew away at your idea.
Well, that’s why it’s important to find like minded people to hang out with. Here are some ideas to help you make that happen.
Well, that’s a bit of a crash course for new landlords and new RE investor types just with the information you’ve already seen above. But I’m not done!
I’ve also put together a short five module course going over some other Basics of Landlording! It’s a free course and has more great information to get you off on the right foot.
We’ll talk about goals, plans, and I even have a couple interviews with other landlords who are busy making their dreams come true!
You can go register and get started here,
The final item to share for you new RE investor people is my free guide to the 7 Secrets of Successful Rental Properties.
In this guide I’ll share my insights on what can help you succeed with your rental property so you can turn your goals into reality.
I’ll talk about cash flow, more info about planning, systems and more that all help make landlording and Real Estate investing simpler, yet more profitable long term.
You can follow the link below to get a bit more information and to register to get your free downloadable copy.
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