Buying a rental property can be a life-changing move. When buying the right way, you can expect passive income, long-term appreciation, and the glorious title of “real estate investor.” But, when done the wrong way, buying your first rental property can be a continuous headache with unexpected expenses and a lot more “active” income than you’d think. So before you tell your agent to make ten different offers, make sure you have your investor foundation set up.

Anson Young knows the importance of investing the right way. He’s not only been doing it for years but advising his clients on how they can better invest as well. In a hot housing market like 2022, it can be even trickier to find a good deal, property manager, or tenant. That’s why Anson stresses that before you even dip your toe into real estate investing, you straighten out a few things first.

If you follow Anson’s advice, you should have a smooth transition into the world of income property profits. If not, you may have to start back at the beginning (or not even start in the first place) on your journey to financial freedom, early retirement, and real estate riches!

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Join BiggerPockets for FREE 👇
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Grab Anson’s Book, “Finding and Funding Great Deals”:
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Grab Your Copy of “How to Invest in Real Estate”:
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Check out Last Week’s Episode on HELOCs vs. Cash-Out Refis”:
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7 Essential Real Estate Investing Tips From a Successful Investor:
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The 6-Step Process for Buying Your First Rental Property:
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Connect with Anson on BiggerPockets:
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Follow Anson on Instagram:
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0:00 4 Tips to Get Started in Real Estate Investing
1:49 1. Get Your Finances Right
3:01 2. Choose Your Investment Strategy
4:17 3. Assemble Your Real Estate Team
5:00 4. Create an Action Plan
5:51 It's Okay to Be Scared!

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