Scott Trench’s 10-Step Checklist to Buy Your First Rental Property

Abstract

We always need to do I think a better job of serving those things, but I think we have a really What is the investor journey is probably a good question, right? What does an investor look like when they come into this world? Ashley: My name is Ashley Kehr, and I'm here with my co-host, Tony Robinson. We always need to do I think a better job of serving those things, but I think we have a really What is the investor journey, is probably a good question, right? What does an investor look like when they come into this world? Well, I have this idea of real estate investing. It's going to be a mental grind, and it's going to be something that involves your attention for on the expense side, on the income generation front, thinking deeply about investing, starting a business. The difference between 2022 and the last five years is that for the first time, most investors think that property prices are going to stay flat or go down with a slight leaning, rather than go up over the next year. What do you need, what kind of cash do you need to buy real estate? And I think that there are four components to the way I would think about cash. Let's move on from the finance side of things and think about We talked about time, but let's also talk about ability, right? I think that there's a For most real estate investors, you're probably starting out in this business with a median income, 50 to $70,000 per year, right? Scott: Value your time, your time is valued at $25 an hour. If you can explain that to your friends and family I think you're going to be in a good position to talk about whether real estate's a good bet for you.