EP 293: Stop Waiting: How To Buy Your First Rental

biggerpockets entrepreneur investher investing investor propertyrental realestate rental womeninconstruction womeninfinance womeninrealestate Aug 09, 2022



You’ve read the books, listened to podcasts, attended the seminars… and yet you’re still stuck on the sidelines, not taking action and not making your first rental buy. Why is that?


In this minisode, Liz and Andresa go through a simple step-by-step process on how to confidently take the first step in purchasing your first rental property. They highlight the importance of knowing your target market and asset class, and most importantly, why it should align with your goals. Understanding your unfair advantage is also critical in setting yourself up for success as well as, of course, seeking support from people in the community.  



• “Where do you want to be financially? And then that why behind what you're doing is really important to get clear right off the bat.” (2:37-2:43)

• “If you're not anchored into something that's “this is why I'm doing, this is who I'm doing it for,” the first time a broker blows you off, you're going to give up.” (2:44-2:54)

• “If you don't know what your advantage is and your worth by taking this inventory, you're going to undersell your worth and just take the scraps from people.” (5:38-5:47)

• “You want to start to get really clear on what market you want to go after and then what does that yield in terms of your asset class.” (7:23-7:29)

• “Start to do your homework. Start to learn about that market or that niche or that asset class.” (8:31-8:36)

• “Don't do this alone. Find a woman in your local meetup group. Start holding each other accountable." (9:34-9:39)


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