BiggerPockets Real Estate Podcast

539: How to Get Your First, Second, or Next Rental Property

17 snips
Dec 2, 2021
Brandon Turner, a multifamily and rental property expert, shares essential strategies for aspiring real estate investors. He discusses overcoming initial roadblocks and emphasizes the power of taking consistent action to secure your first investment. Turner explains why early deals are crucial for building a successful portfolio and provides tips for quickly analyzing rental properties. He also highlights the importance of a sustainable business model and the benefits of utilizing resources like BiggerPockets Pro for smarter investment decisions.
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ADVICE

Start with MLS

  • Start with the MLS to analyze properties before exploring creative deal-finding strategies.
  • Analyzing at least 100 properties on the MLS helps you learn the market and recognize good deals.
ADVICE

Driving for Deals

  • Use driving for dollars to find distressed properties by looking for signs of neglect.
  • Note addresses and research owners to potentially acquire undervalued properties.
ADVICE

Direct Mail

  • Send direct mail to thousands, aiming for unique lists, and refine your approach for better results.
  • Direct mail can be effective when tailored strategically.
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