How to Buy Your First Rental Property in 90 Days (Or Less!)

hey what's going on everyone my name is Dave Meyer and I'm going to be your host today for today's webinar which is the 90day challenge and I am super excited for all of you to be here because today's webinar is all about how to get your first or your next property maybe if you have a few already in the next 90 days and I know if you're new to real estate investing this time frame of getting a property in just 90 days may seem difficult and if you're skeptical I understand that but I have to tell you I've actually given this webinar before I have done it in years past and I know from experience that this thing works I have seen people from all experience levels people who barely know anything about real estate investing go from that to their first property in 90 days after listening to the very webinar that you are watching right now so I'm very excited to give this webinar cuz I think it's super powerful I'm excited for you to be here because there is no better way you could be spending an hour if you want to take control of your finance and to actually start investing in real estate and I personally have lived this in some ways I've have personally become financially free with the help of Real Estate Investors investing excuse me and I've seen thousands of people over the course of my career at Bigger Pockets do it and so I know for a fact that anyone who's willing to take action step up and take on this 90-day chall Cheng can do the same thing and that's what we're going to do today you're probably wondering how does the 90-day challenge work well the first thing we need to do is learn the three key steps for successfully finding analyzing and funding great long-term rental properties so that's the first thing we're going to do the second thing is to get you quote unquote buy ready by the end of this webinar and maybe some of you already feel by ready that's great I hope that's the case but I'm guessing that a lot of people if you're watching this webinar are more by interested like you want to get into real estate investing but you're maybe not ready yet to pull the trigger well by the end of this webinar you will be ready you will be bu ready within 90 days third we're going to talk about roadblocks and I'm sure that you've heard or have some self-doubt about getting into real estate investing and you feel these roadblocks like they're preventing you from getting started and there are some roadblocks but I found that if you address them if you talk about them if you identify what they are then it's actually kind of easy to move around each of those roadblocks so we're going to get into that as well and lastly I'm going to give you a live onscreen demonstration of a lot of the tools that I use and resources that I use that are going to make this entire process of investing in real estate easier than I bet you think is possible these are tools that I use almost every day to find properties analyze deals and I really think are going to work for you as well so I'm going to show you those we also have a very special something for all of you at the end of this presentation I am going to make a special invitation offer to all those who want help getting your first property by using the right tools by building the right team and we'll get more into that later but just know that there's a special offer coming at the end of this webinar now before we jump into the details of the 90-day challenge I kind of want to just set the scene here for a minute and St take a step back and talk about the importance of why we're here and what you're doing right now now if you're here today I'm guessing you probably know that having your own investment properties it would be pretty impactful for you and the lives of your loved ones perhaps you're in it for the cash flow that's a reason a lot I think probably most investors get into it is to generate that cash flow or maybe you want the tax advantages that real estate offers a lot of and trust me there are great tax advantages or maybe you're looking for the security that comes with passive income just knowing that you're going to get a rent check month after month like clockwork or perhaps you're in it for the equity getting big chunks of cash that only real estate can really provide but whatever it is you know cash flow tax advantages passive income I find that those four ways of generating money through real estate are important but they're usually a means to an end well at least they are for me like it's not really about cash flow for me it's about sort of The Next Step what can cash flow and tax advantages get me and that's usually something more important and something more powerful like Financial Independence and the peace of mind that comes from knowing that you are financially secure even if something happens to your job or something unfortunate happens maybe you're in it to create generational wealth and sort of change the trajectory of your entire family tree or maybe you want to build a financial Cal Fortress so you can feel secure about your finances no matter what happens or perhaps you're just looking for what I consider true Freedom which is being able to spend your time the way you want and not even having to make decisions about your life based on money whatever those reasons are they're great and I think I hope that you know that real estate is a very powerful way to achieve these financial goals and before we jump into the the 90-day challenge I want you to just take a second to think about how it would actually feel to be financially free and what would you do with that freedom it would change everything right like it would be incredible to have that feeling of financial Independence and security that real estate can offer so the question is if you know that what's holding you back right it sounds amazing so why isn't everyone investing in real estate well that comes back to those roadblocks and the reservations that I was just talking about and I know many of you probably have reservations about getting started on your real estate Journey you know I often hear perhaps that you don't feel like you have enough money to get started that makes sense a lot of people think that but the truth is that you can take actionable steps right now today we're going to help you with that to build your savings and connect with the right people for funding or maybe one of the roadblocks you feel is that you're afraid of losing everything well that makes sense until you understand that analyzing deals and picking good deals is really just following a simple framework that tons of other investors like me and thousands of others have used before you or perhaps you just lack confidence yeah that makes sense if you've never done this before but today I'm going to teach you how to analyze deals and how to build out the processes that you need to be a successful investor and I know all these feelings well because I had them too like trust me I know I am well into my career but when I was just getting started I had many of these same reservations but 14 years after I got started I did it I actually did it a few years ago but I'm standing here sitting here talking to you 14 years later telling you that I did it and that I am definitely not special I don't have any information that you can't obtain I don't have any special skills at all what I did was follow some simple processes that other investors have paved the way for so I use the right tools I get the right education and I surround myself by the right people it's basically just those three things that have made me successful in real estate investing now I was once a beginner in real estate just like you and you can see now I have some credentials that make me sound fancy I host a podcast on the market I just wrote a book that helps newbies get started in real estate called start with strategy if you want to check that out but I think most important for our conversation today is that my first deal I had absolutely no idea what I was doing I didn't I had never heard of Bigger Pockets I didn't have a mentor and I was just kind of flying by the seat of my pants for many many years and I made tons of mistakes but ultimately I joined Bigger Pockets and I found Bigger Pockets and it totally changed everything for me I basically went from making things up to seeing that hey there are calculators that I can use there are people that I know how to help me with every single problem that I'm facing and that resource these tools in this community completely changed my trajectory as an investor and it can really help with you I think Bigger Pockets you know I've worked here for eight years and I know that everything we do is about making resources for Real Estate Investors to become successful it has helped me but but honestly my story is not really that unique recently I was just fooling around in the Bigger Pockets forums and I came across this guy Jason velli who said that he transformed his life using the 90-day challenge the thing that you're doing right now he replaced a six-figure income with passive real estate income in just three and a half years and this story of Jason like is just one of many that you'll find in the forums you can go find Jason or many other of these success stories in real estate what I have learned at least and as Jason it sounds like has learned as well is that it doesn't actually take that many properties to Achieve Financial Freedom in fact it just takes the right properties and with those correct good deals you can grow your wealth and live life on your terms in a relatively short time this isn't something that has to be some far-off goal you can get started today and have a property in the next 90 days and today I'm going to prove it to you and listen this isn't Magic it's not a get-rich quick scheme it's going to take work but I think I can show you that if you break it down into these small repeatable steps starting today you can get that deal in the next 90 days so with that let's dive into the 90-day challenge so the first thing we got to do is talk about the Three core steps for buying great long-term rentals and as you know there's probably there's tons of different options for buying investment properties like short-term rentals medium-term rentals fix and flips burs all that but today we're going to focus on long-term rentals because they're the most common strategy for Bigger Pockets members and they're great for long pursuing long-term financial goals which I always recommend so the three core steps to buying great long-term rentals are number one finding deals number two analyzing deals and number three funding deals so let's just break each of those steps down one by one step one finding deals so we do these surveys from time to time at Bigger Pockets just to understand what's going on in the community and we have found in a recent survey that finding deals was the second biggest perceived challenge to investing in real estate only behind funding which we'll talk about funding in just a minute but notice that I said perceived challenge because finding deals is not something anyone here needs to be overwhelmed by there are tons of ways to find good deals you could drive around looking for vacant properties you can run Direct Mail campaigns you can go to auctions you can pay for Prospect lists or you could poke around on Zillow or redin or whatever and those are good options you can absolutely do those things but they kind of take a lot of time and effort and Bigger Pockets can help you do it if you want to but given that we're in a 90-day Challenge and we're kind of on a time limit here I want to tell you about the way I recommend for finding deals I think it's the easiest and the most time effective it's just working with an investor friendly agent now you're probably asking or thinking I know agents you know my aunt's an agent my friend's an agent something like that but the key to finding good deals is not working with any agent it's working with an investor friendly agent and the difference between any old agent and an investor friendly one is that investor-friendly agents actually think like an investor they understand that it's not about a motion when you're buying an investment property it's about the numbers and whether the rent can your expenses and whether it's going to be in an area that appreciates and investor-friendly agents will think like you and will be a better partner to you in finding deals investor-friendly agents are also local market experts because as an investor you probably know that buying in the right neighborhood buying on the right block is super important and will impact your performance and you want an investor-friendly agent who knows about that and lastly and this is super important they have to have a strong boots on the ground Network to tap into I recently just in the last week or so started investing in a new market and I picked an agent that has a really good established Network and it's made it so much easier to invest in that market just knowing that I have a property manager that comes highly recommended contractors Title Company all those things just ready to go because I have a great agent so hopefully you understand that this is a great way to find deals but you're probably wondering how do you find an investor-friendly agent in the first place well it could not be easier all you have to do is go to biggerpockets.com sagent you can type in a little bit of information about what you're looking for like your budget the place you want to invest how much experience you have and in just a minute or two you're going to get matched with an experienced proven investor-friendly agent completely for free so you have absolutely no reason not to do it it's a great way to get started start seeing a couple of deals because this is again the number One Core step in the 90day challenge of what you need to do to get that next property so now that you do that and you have a time-friendly strategy for finding deals we need to turn to step two of the process which is analyzing those deals and this is really important because even if you have a great investor-friendly agent and they're sending you a lot of leads leads are not deals when it investor friendly agent sends you something that's a potential deal doesn't mean it's good it's your job as the investor to take those leads and figure out using analysis tools which ones are the best for you and which ones right for your strategy you basically have to understand which ones the numbers work for and I'll just tell you something right off the bat that I think is important to know when you're getting started or looking for that next deal about 99% of properties that you look at even if you have great deal flow are not really deals 80% of homes that are purchased are for homeowners they're not for investors and so when you look at these things you can't expect that every deal you look at is going to make sense on paper you have to do the analysis and this is some of the work that you have to do as an investor you have to do the analysis to figure out which of these leads is best and luckily it's really not that hard and you can actually do it quite quickly and this is important because like I said if you maybe you're looking for your next deal your agent's going to send you 50 properties and then you have to analyze 20 of them to get that one deal that you actually execute on and that's normal that's like a totally normal funnel process for finding a deal but if you don't know how to analyze deals quickly analyzing 20 of them could seem intimidating but I'm going to show you right now that it doesn't have to be intimidating at all in fact I'm going to just do this right now we're going to look at a deal together and I'm going to analyze it basically in real time okay so the key to our analysis is to use a good tool and I'm going to show you the Bigger Pockets Tool uh it's called the rental property calculator if you want to follow along right now or use this after the this webinar just go to biggerpockets.com under the tools tab it's the first thing just says rental properties and there's basically five different parts of rental property analysis we put in our property info our purchase details loan details rental income and expenses and that might sound like a lot but I'll show you that we can do this in like 3 to 5 minutes so first things first we got to pick a property and we're going to use a deal that I just went on Bigger Pockets and found earlier it's a place in Cleveland Cleveland is pretty well known to have good cash flow so I don't really know anything about this deal guys I just looked it up to give you an example of how to analyze deals I don't know if this is a particularly great deal but that's the whole point we're going to figure it out so the first step is just to take the address and I'm going to just copy literally copy and paste here and I'm going to put it into the prop uh into the calculator and then I am going to it's going to do that little drop down and it's going to fill in some information here see it says importing Property Data it's pulling in tax info rent info all that if you want to you can go on and add a photo which you might want to do um which is pretty easy you just literally put upload a picture and put in the address next we move on to purchase price so I'm going to just assume for the purposes of this demonstration we're going to buy it for our our asking price which is 114,900 and our purchase closing costs are going to be5 ,000 now if you've never bought a deal before you might be wondering how did you figure out purchase closing costs well I've done a few deals before so I know this but if you ever need help using the calculator you could just press this little help button over here and it will give you some rules of thumb like this says if you're unsure use 1.5% of the purchase price that's a good number to begin with so I'm going to use 5,000 that's usually what it cost me but it will help you out so if you're just new to analysis you can still do this the cool thing about this calculator is it takes into account rehabbing a property and I'm going to assume that we can you know that we're going to need to put a little money into this property to make it up to good rental condition and I look through the photos it actually looks nice but I noticed that we need to refinish the hardwoods and the yard needs a little bit of landscaping so I'm going to think $5,000 and uh that's going to get our price up to $125,000 so we're buying it at$ 115 basically we're to put in 5,000 and then it's going to get the property up to 125,000 so that's a good investment so now we've done our first two steps property info and purchase hopefully you guys can see how easy this is press the little button net loan details I'm going to put in information I'm basically going to use the most common loan information Here For Real Estate Investors 25% down um most people put 20% down if they're owner occupying like a house hack but if you don't limit it you usually have to put 25% down so I'm just going to analyze as if it were me and I'm going to use 25% down interest rates right now are about 6.75% and the most common loan term is a 30-year fix rate mortgage so I'm going to do that again if you have any questions there all these little help buttons that can help you out here and now we're done with the third step we're flying through this thing and it's time to talk about rent now Bigger Pockets has done one of the hardest thing in analyzing deals for which is estimating what the rent can be now if you see here you can see the median rent for this property is estimated to be $1,250 per month and the confidence here is high now if I was in a hurry I could just go do this really quickly and just use that number but I also want to show you guys how to use the rent estimator tool because it's really cool so I'm going to go over and just copy this is just another tool on Bigger Pockets so again you can go under the tools Tab and go to rent estimator I'm showing menu right here um just go click that and then copy and paste the address in and just hit search address it's going to think for a minute and then it's going to pull a bunch of different comps for you so you can see our Target property is a four bed two bath and this tool is showing us a bunch of four bed two baths similar age in the same area and you can see rent is 1250 1350 12501 1550 and it's going to aggregate all that information and basically give you an estimate of the median rent which is $1250 and one of the things I think is really cool here is the tool tells you how confident it is so like sometimes if you invest in a rural area or a high owner occupant area there won't be good comps and the tool will just say like medium confidence and that way you know you might have to call a property manager or do some additional research but for us we see this as high confidence and so I'm going to feel comfortable using this estimate of 12250 in our deal so that's it I'm going to hit next and expenses and we're moving on to the last step now Bigger Pockets has already done one of the hard things it's brought in property taxes from public records super cool so we know that's 744 a year and before the recording I looked it up insurance is going to be about 1,200 bucks a year so we're going to do that next we look at our order known as our variable costs so these are things like repairs and maintenance vacancy Capital expenditures and personally I like to use about 5 to 8% for each of these I'm going to use 5% on each just for EAS ease of use here guys I'm just you know going to go through this quickly to show you how to use it if you were buying a deal you might want to spend a little more time but I think somewhere between 15 and 25% but total for these three things combin makes a lot of sense so maybe I'll just I'll just put vacancy up to 8% so we're a little bit higher at 18% then management fees because I am an out ofate investor I pay a property manager and I pay 8% on pretty much all of my properties right now and so I'm going to use that 8% right here and that's pretty much it you'll notice that there is space here for utilities but this house in particular is metered separately so that means that for at least electricity and gas the tenants are going to pay that themselves as the owner I pay 25 bucks a month on most of my properties for water and sewer so I'm just going to assume that's what I do here garbage is usually like 20 bucks a month too so I'll put that in and then we're done we've done all five steps in like 5 minutes and I've just been talking a lot if I was doing this for real this probably would have taken me 2 or 3 minutes all I got to do now is press finish analysis and I'm going to get my results and what I can see here is that this just right off the bat decent deal 160 bucks a month in cash flow that's pretty good and a cash on cash return of 5% so that is good that's typically about what I Target and so if I were an investor in Cleveland I might make an offer on this property but I want to show you something really cool here because perhaps your standards for cash flow are higher than mine maybe you want a 7% cash on cash return and that's totally fine the cool thing about this calculator is you can come down here and sort of change some of your assumptions so perhaps you don't aren't comfortable with this and you think I want to offer lower because I need that 7% cash on cash return so then you go okay well if I offer 10 five then it's 6.8 so nearly 7% so Isn't that cool like you can go here and change your assumptions and say okay maybe this wasn't a deal this wasn't right for me at 115 but I'll see if the seller can take 105 because that makes the deal work for me or maybe you're willing to pay full price but the seller is willing to give you a rate buy down to say you I don't know 6.3% that would help your Roi so it's really cool because every property is a deal at at the right number right it's really just a matter of if you can get it for that number and using this tool allows you to see what numbers actually make sense on top of that you get to see all this other great information like your analyze return the profit you would make if you sold so if this particular property You' make over $190,000 if you held it for 20 years and you'd make a great return any year I just pick 20 years at a random so hopefully you see how valuable this tool is but I want to show you one last thing um if you are going to be um sharing this with anyone looking for funding you can hit this button called share hit enable report sharing and you can download a PDF and it's this just super nice professional summary of the deal analysis that can be really helpful if you want to get your you significant other on board if you're looking for a partner or you're looking for funding so hopefully between this PDF and the great tool on the Bigger Pockets website you can see that deal analysis is really not that hard but it is really important so you need to get good at analyzing deal quickly and hopefully this tool this calculator will help you do just that hopefully you guys see that deal analysis is something that you can do right now with the use of these tools and you are through two of the key steps that we've talked about you're getting leads from hopefully from a deal an investor friendly agent or one of the other sources I talked about and you have tools to analyze those deals so we need to move on to our third step which is funding deals and there are just like finding deals there are a lot of ways to fund deals you can get conventional loan you can get a hard money loan or a private loan you can use a partnership and there's a tons of other ways and I want you to really think about this because I know most people the number one roadblock like I said is that people think that they don't have enough money for a down payment they don't know where to get funding this is what our audience tells us is their number one challenge according to our surveys but the truth is what experienced investors know is that once you're able to find deals and analyze deals getting funding actually becomes a whole lot easier and I say this and I structure this webinar actually in a specific order because this is how investing works first you got to get deal flow then you need to be able to analyze deals to pick the good ones and then you go and and find funding right imagine if you were asking me for money and you came and said hey Dave will you lend me money to invest in real estate i' say okay maybe what deal are you doing and if you said I don't know how could I possibly make a decision of whether I would lend to you when I don't even know what asset you're buying meanwhile it would be a very different conversation if you came to me and said Dave would you invest in my property and I said what property are you buying and you showed me a professional PDF that says I'm earning a 7% cash onh return here are the assumptions I put into my analysis I know the math is right because I'm using these calculators then it will become much easier for me to make my decision now I don't lend to people like that but there this is the way that lenders think when you know how to find and analyze deals your conversations with lenders are going to get a whole lot easier so hopefully you understand that now and you have the tools and you know that once you get good at deal analysis you'll be able to have a successful conversation with a lender you're probably wondering how do I find a good lender in the first place well that too is very easy thanks to Bigger Pockets we have another free tool it's called the lender finder just go to biggerpockets.com lender enter in information and you'll get matched with a lender who understands what it takes to be an investor understands the loan and mortgage products that are different than home buyer mortgages investors use different types of loans a lot of the time and so you want to find a lender that's going to understand those and help you navigate to the right funding choices for you all right guys we've done the Three core steps hopefully you see that this is not that hard right core steps just as a reminder are finding deals analyzing deals and funding deals and we've talked about all of them we talked about finding deals with an investor-friendly agent and how you can do that for free we talked about using the calculators on Bigger Pockets to analyze a lot of potential deals until you find the right deal for you and we talked about lastly one once you have a good deal talking to a lender about funding and you can meet a lender for free on Bigger Pockets so I think we need to turn our conversation now from how do you do these things back to the 90-day challenge remember the whole idea here is to get you that property in the next 90 days and so the question is now that you understand these three steps are you willing to commit to spending just 15 minutes per day on these steps 5 days a week for the next 90 days and you don't need to spend spend like 15 minutes a day on each of these steps like one day it might be looking at 10 leads per day or another day it might be analyzing three Deals or talking to two lenders that sounds doable right I think a lot of people when they start thinking how do I get into real estate they see this big portfolio down the road and that can be super intimidating but if you actually break this down into just these small kind of bite-sized little pieces like meet an agent look through some leads analyze some deals it actually becomes almost comically simple right like I just showed you in 20 or 30 minutes how you can do each of these things and listen you're probably not going to find your right deal on your first try but if you keep doing this process over and over again for the next 90 days I am confident because I've seen it before that you can actually get that next deal get that first deal in just 90 days from now I'm going to put up a quote here that I love from Jim Rome he says that life doesn't doesn't get better by chance it gets better by change and this is so true about real estate investing because this is not rocket science I hope you can see that all the things I've shown you are not hard and I won't lie there are going to be challenges in your investing but I just want to show you that this isn't hard and the biggest challenge I think most people have is just getting started and making the changes in your life that allow you to spend those 15 minutes a day and committing yourself to the processes that I've talked about today and I know if you're just getting started because I was here too real estate investing can feel like jumping off a cliff like you don't have a parachute and it's going to be this really risky thing and you're going to be all alone and so many different things can go wrong but that's really not how it works it's actually more like this it's more like walking along a well-worn path with your friends real estate investing is something that tens of thousands hundreds of thousands of of people just like you have done before and they've established the path they have built the tools they have built the resources and you can use them and you can also tap into a community and ask people for help at any time I know this because this is what we do at Bigger Pockets we build tools to help investors on their Journey towards their financial goal and it's not just Theory this isn't just some pie in the sky thing this is how literally tens if not hundreds of thousands of Real Estate Investors including myself have found Financial Freedom so now at this point in the webinar I'd like to ask you two questions the first one is are you excited because I hope you are because these things the things I've shown you today are not difficult but they are so so powered so ask yourself are you excited and committed to using real estate to obtain Financial Freedom if you answered yes consider the second question will you take the 90day challenge will you commit to working on these three core steps 15 minutes per day 5 days per week for the next 90 days because if you can do those two things if you answered yes to those two questions you are going to find yourself in a totally different position 90 days from now now I've done what I can to educate you and share with you the processes but unfortunately information is not enough to make you successful as Derek sver says more information was the answer we would all be billionaires with perfect ABS or if you want to apply this concept to real estate if more information was the answer everyone would be financially free success is not about having more information what is the key to success it is action it is getting out there and taking action but it can't just be one day one Spurt of action it needs to be daily consistent action my friends if you listen to any investor successful person they will tell you success doesn't come because they are smarter or anything like that success is a habit and that's why we designed the 90-day challenge because if you spend this time day after day you can be successful in real estate take it from Jason another person I found in the webinar he took this 90-day Challenge and was able to lock up a small multif family deal in Albuquerque for $300,000 as a result of taking a 90-day challenge he found a great agent on Bigger Pockets and got all the tools he needed using Bigger Pockets Pro and there were tons of other stories like this you can find them all over Bigger Pockets and listen everyone I don't know exactly why you join me here today perhaps you're tired of working your full-time job or maybe you feel behind on your retirement but you're ready to get started on it or maybe you don't want to be a want entrepreneur anymore or ready to actually start building a business all these make sense but I don't know which one of these apply to you but what I do know is that real estate investing works if you work it like you have to implement the things that we're talking about here and our goal at Bigger Pockets is to help you implement these things and reach your financial goals through real estate that's why we at Bigger Pockets have created all of these incredible tools and resources to help you get to your financial goals faster and with less pain so with your permission I'd like to take a minute now and make a special offer to you to upgrade your real estate investing toolbox with Bigger Pockets Pro Bigger Pockets pro has everything you need to succeed in real estate investing like we've designed it that way we make these tools we give you all this content build out the big community and provide all these services to help you get to your next deal and achieve your long-term goals and that looks like calculators the rent estimator I showed you the leases and all help you build confidence in those three steps we talked about they're all oriented around finding deals analyzing deals and funding deals because we know after doing this for decades that those are the things that make a difference for real estate investing and if you're wondering how one subscription can really provide everything you need to start scale and manage your portfolio let me show you so first and foremost it starts with this analysis tool I just showed it to you I'm kind of an analysis guy I wrote an entire book about it and I use these tools these calculators because it makes it so easy to analyze the quantity of deals that you need to be able to find those right tools so that is sort of of the bedrocks of pro also you get access to our boot camps 50% off and this is an opportunity to get real live Hands-On instruction from people like Ashley care and Henry Washington really great successful investors who can help you elevate your business and meet those financial goals third it allows you to supercharge your network when you go pro you get access to a much more serious group of investors by being pro you will be be open to more networking opportunities people will be more eager to answer your questions in the Forum and you will be taken very seriously by the thousands of experienced investors who regularly post and answer questions on the Bigger Pockets forums fourth you can build a landlord command center with Bigger Pockets Pro if you need property management software like we all do you get it for free as a pro for rent ready or if you want portfolio monting and accountant software also get it free from stessa you want landlord approved lawyer approved lease agreements get those in all 50 states which is worth like five grand you get that as part of pro so if you look at all of these things together it creates this incredible value that helps you achieve your goals and better best of all well not best of all sorry and in addition to all the Great Value it's actually tax deductible for a lot of people so make sure to ask your CPA if you do go pro if you conduct the cost of pro from your taxes now of course all these features are nice but the main thing the main reason I recommend people go pro is because it actually works take it from Bigger Pockets Pro member Aaron C he says there's no way I could analyze the volume of properties I do without being a pro member see Aaron gets it you have to analyze a lot of deals and these tools will really help you or Tak it from Beth who says that pro has been the foundation of her real estate investing Endeavor these are just two of many many endorsements we get all the time Jackie says it's a small cost for something that adds so much value Martin says it's actually worth it and you use it all the time so you can see that people who go pro are very happy with it and you're probably wondering how much Pro is and if you added up all these little components that I've talked about it would cost you over $5,000 and that's probably worth it but it's a pretty big investment but at Bigger Pockets that's not our mission our our mission is to make real estate investing accessible so we make all these amazing tools of pro available for a reasonable price normally Pro if you pay for it is $39 a month or $468 a year but I told you I was going to help you out today and here it comes by attending this webinar I can offer you 20% off our Pro membership which Meeks Pro just $312 per year which is Savings of $150 $6 so you definitely want to take advantage of this special offer but there's way more to this offer actually we're feeling very generous right now and we're going to give you some additional help in your real estate Journey so if you go pro today we're going to give you the show me the money starter pack which includes an ebook on eliminating debt and repairing your credit a 9-hour low and money down workshop and a worksheet to bulletproof your wealth plan if you put all that together it's worth like almost $500 bucks and we're just going to give you that for free today if you go pro we'll also give you the demystifying the housing market bundle which is worth more than $500 and I wrote a lot of this stuff this is super valuable stuff I made the 2024 state of real estate investing report a guide to investing in a changing economy which is super relevant right now and a video on building scenario plans to help you in uncertain economic conditions so you get all that if you go pro today the last bonus that we're going to offer is near and dear to my heart because I get to give you my book for free if you go pro today you get real estate by the Numbers written by me and the incredible J Scott to teach people all about deal analysis and if you combine this book The Excel files that come with the book plus the deal announced calculators from Pro are going to be an incredible position to be able to analyze almost any deal that comes across your desk and it's going to give you a lot of confidence to be able to pull the trigger on your NE X deal so all those things together makes for a great value in Pro and the best thing is honestly you can use it go on go upgrade to Pro today use it for up to 30 days and if you don't like it if you're not using it we're going to give you your money back 100% of it no questions asked I told you at Bigger Pockets our mission is to get people to that Financial Freedom if you're not using Pro we don't want you to use it we'd rather give you your money back so you can spend it somewhere else so just as a summary if you go pro today you're going to get a ton of value a ton of bonuses all the bonuses alone are worth like 1,700 bucks but if you go pro today you're going to get Pro annual plus all those bonuses for just $312 all right so make sure if you want to go pro today to use the code YT challenge4 you just go to biggerpockets.com slpro and enter that code again it's YT challenge 24 and by using that code you're going to get all the benefits that I just described whether it's the starter packs the discount the housing market bundle you get it all when you use the code YT challenge4 thank you all so much for watching this webinar I greatly appreciate it if you have any follow-up questions for me you can always find me on Bigger Pockets I'm always on there answering questions and in the forums and I'd appreciate anything you got for me there thanks again and I hope to see you in the [Music] community [Music] n

Channel: BiggerPockets

Views: 13,450

Keywords: how to buy your first rental property, first rental property, rental property, buy your first rental property, how to buy a rental property, buy a rental property, real estate investing, investing in real estate, real estate, investing, rentals, income property, passive income, how to buy rental property, real estate investing for beginners, real estate investing 101, financial freedom, financial independence, invest, bigger pockets, biggerpockets, biggerpockets podcast, podcast

Id: fVXMhRKGT_4

Length: 41min 37sec (2497 seconds)

Published: Fri Feb 16 2024