Depending on where you are in your financial situation, buying your first rental property (or any property for that matter) may seem light years away.
I’ve got news for you. It may not be as far away as you think.
There’s a specific process behind purchasing your first rental property and using that property to create instant cash flow.
That’s why I’m so excited to have Antonio Cucciniello of Investarters on the show today to talk about that exact process.
If getting into the real estate investing game is on your wish list, you don’t want to miss this discussion!
Here’s a glance at this episode:
- [06:24] Antonio shares how scared he was to invest in his first property, so he made sure it was a situation that would make him money.
- [13:08] Antonio has worked his way up to owning 8 properties. He breaks down what led him to this point and what he learned along the way.
- [19:37] There are a few specific things Antonio looks for when picking a rental property. He walks through his criteria.
- [32:15] Antiono shares his thoughts on DTI (debt-to-income) ratios and advises to talk with a lender to understand more.
- [44:10] Keep detailed bookkeeping of income and expenses that come from your rental property – it will save you a lot of time and money in the future.
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Resources mentioned in this episode:
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