FasterFreedom LiveCast - What We Wish We Knew Before Buying Rentals (Beginner Real Estate)
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Real estate experts Sam Prim and Brian Schroeder share valuable insights and advice for those interested in the real estate industry in their YouTube video. They discuss their various business ventures, including a flipping company, a rental portfolio of over 250 doors, a storage facility, and a hard money lending service. They also introduce their traditional brokerage, Magnolia, and their education company, Faster Freedom.
The hosts delve into the current state of the real estate market, which they describe as "hotter than hot" due to low inventory and high demand. They discuss their experiences building a rental portfolio and emphasize the importance of thorough tenant screening and verification. They also recommend attending local meetups, joining online Facebook groups, and building relationships with wholesalers and real estate agents to find good investment deals.
Sam and Brian stress the importance of starting early in building a rental portfolio and buying low maintenance houses. They advise investors to determine their avatar, or the type of houses they want to invest in, and to stick to that criteria to avoid buying high maintenance houses. They also discuss the importance of adding fluff to your rehab budget and doing a home visit with prospective tenants to see the condition of their current home.
Overall, Sam Prim and Brian Schroeder provide valuable advice for those interested in the real estate industry, emphasizing the importance of thorough research, verification, and building relationships to succeed in this competitive industry.
Real estate experts Sam Prim and Brian Schroeder share valuable insights and advice for those intere