Episode #1134 Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations: https://resimpli.com/biggerpockets/ Find Your Next Rental with BiggerDeals: https://www.biggerpockets.com/listings?utm_source=youtube&utm_medium=description&utm_campaign=none Episode Show Notes: https://lnk.to/biggerpocketsYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Let Us Know What You Thought of the Show! https://www.BiggerPockets.com/Podcastfeedback Grab Dave’s Book, “Start with Strategy”: https://store.biggerpockets.com/products/start-with-strategy?utm_source=youtube&utm_medium=description&utm_campaign=none Sign Up for the BiggerPockets Real Estate Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch Try the BiggerPockets Rental Property Calculator: https://www.biggerpockets.com/rental-property-calculator?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none In this episode, we’re explaining exactly how to buy a rental property in 2025 as a real estate investing beginner. You don’t need to be a landlord already or have any investing experience to follow these steps; all you need is around 40 minutes and the desire to build wealth, find financial freedom, and start investing in your future. Ready? Let’s get you your first rental! These are the steps that Dave followed to eventually build a seven-figure real estate portfolio and reach financial independence himself. We’ll start with YOU—what do you want out of the rental? Cash flow or appreciation? How much time do you have? Want more passive income with slimmer returns or higher returns with a more hands-on approach? Then, we’ll cover tactical steps to help you find (and buy) your first rental before 2025 ends. Steps like picking your market, building your “buy box,” and the multiple ways to find cash-flowing real estate deals. We’re back in a buyer’s market, so you have the upper hand in negotiations. It’s time to make moves and start building serious wealth, one investment property at a time! 0:00 Intro 1:14 Step 1: Start with Strategy 6:17 The Buyer’s Market is Back 9:07 Sponsor: REsimpli! 9:30 Step 2: Pick Your Market 12:24 Step 3: Build Your Buy Box 18:15 Step 4: Find Deals 22:31 Step 5: Analyze, Offer, Negotiate 29:48 Step 6: Due Diligence (Crucial!) 31:45 Final Expert Tips