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How to Buy a Rental Property in 10 Steps (Anyone Can Do It!)

Want to know how to buy a rental property? If rising home prices, rent prices, and fierce market competition have you struggling to get something under contract, your real estate saviors, David Greene and Rob Abasolo are here to help. In 2022’s hot housing market, it can seem almost impossible for new real estate investors to get their foot in the door. But, if you follow what the experts are doing, you may be able to lock up your next investment while other buyers are stuck in bidding wars.

Whether you’re wondering how to buy your first rental property or your next rental property, David and Rob have answers for you. They’ve partnered up to buy luxury short-term rental properties in sunny Arizona, all while recording the exact steps they’re taking to land a deal. If you’re already investing in real estate, some of these steps may seem familiar to you, but the gems that David and Rob drop are rarely discussed (and incredibly helpful).

So, if you’re ready to start your real estate investing journey, build wealth, rake in cash flow, and build passive income, you’re in the right place. David and Rob define their ten steps to investing success so you can spend less time analyzing deals and more time collecting rent checks.

Join BiggerPockets for FREE:
Find an Investor-Friendly Real Estate Agent:
The Ultimate Beginner’s Guide to Real Estate Investing:
How to Buy a Rental Property in the Next 90 Days:
The Surefire Way to Find the Best Real Estate Agent in 3 Simple Steps:
11 Clever Tips to Win a Bidding War:
Connect with Rob (Roubilt) on Youtube, Instagram, and Tiktok:
Youtube: https://www.youtube.com/c/Robuilt
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
Connect with David and Rob on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none

Episode 589

Show notes at: https://www.biggerpockets.com/blog/real-estate-589?utm_source=youtube&utm_medium=description&utm_campaign=none

00:00 Intro
03:40 Quick Tip
06:51 1. Determine Your Criteria
10:30 2. Define Your Viewpoint
15:28 3. Meet Weekly
18:44 4. Delegate Tasks
19:16 5. Communicate Regularly
23:15 6. Receive Info from Your Realtor
32:02 7. Communicate Your Needs to Your Realtor
35:56 8. Write Your Offer
39:47 9. Offer Multiple Strategies
44:18 10. Keep Several Options Open

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