7 Money Moves to Help You Buy Your FIRST Rental | Bigger Pockets Video
Episode #570
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Money—it’s the number one thing that keeps new investors from buying a rental property. Maybe you’ve got your market and buy box figured out, but the finances? Not so much. But not to worry—today, we’ve brought a personal finance expert on to help with these common challenges. Whether you’re starting from zero or already working hard to build a financial foundation, this episode is for you!
Welcome back to the “Real Estate Rookie” podcast! Amberly Grant, fellow real estate investor and co-host of the “BiggerPockets Money” podcast, joins the show to share her own personal finance tips for someone who’s looking to break into real estate investing. Whether you’re deep in debt or struggling to save, Amberly has been in your shoes and provides a clear blueprint anyone can use to get from point A to buying a rental in record time.
Along the way, we’ll point out some financial red flags that could be keeping you broke and show you how to break free. We’ll also share with you how to create an anti-budget that makes saving easy, the best place to stash your real estate funds, and creative ways to increase your income so you can throw even more money at that first down payment!
00:00 Intro
01:26 Personal Finance Journey
04:17 How to Stay Flexible
09:00 Next Steps for Rookies
15:22 Biggest Financial Red Flags
18:41 Paying Yourself First
23:50 Scaling Back Your Investments
26:37 Building a Diversified Portfolio
32:08 Our Book Recommendations!
36:32 Connect with Amberly!
