How to buy your first investment property in just 90 days

Here's what I think most people get wrong about buying their first investment property. They think it's going to take them years just to get started. Do you know what I mean? They're sitting there in their high cost market looking at million dollar properties, just feeling completely stuck and overwhelmed. I know, I was there. I'm from Hawaii. But what if I told you that you could buy your first rental investment property in just 90 days? I know, I know it sounds really backwards, but it's true. I'm not talking about some get rich quick scheme here or, or any risky strategy. I'm talking about a proven system that's helped hundreds of working professionals just like you create passive income through real estate. I get it. I work with busy professionals every single day who are making good money but feel trapped in expensive markets like California, Hawaii and New York. They know real estate is the answer to building long term wealth, but they're paralyzed by all the conflicting information out there. Here's the thing. You only need three key elements to making this work. You simply need to identify the method of investing you want to choose. Choose the right market and build the right team. That's it. And in the next few short minutes, I'm going to break down exactly how this works step by step. In our community, we focus specifically on cash flowing rental properties. We're not looking at appreciation plays or trying to flip houses. We are looking for properties that generate monthly passive income from day one. I'm going to show you exactly how to do this, even if you're like me and live in an expensive state. Now let's break down each of these three elements that you'll need to get your first investment property in the next 90 days. First, you're going to need to identify your method of investing. This is extremely crucial because it determines everything else in our situation. We're looking for cash flow. This means we're not chasing appreciation in high priced markets or trying to flip properties. We're focused on rental properties that generate monthly cash flow. The focus on cash flow is powerful and because it eliminates certain markets from consideration, we don't need to look in high appreciation states or try to compete in markets that are oversaturated. Instead, we focus on areas where numbers work for generating passive income. The second element is choosing your market. Once you've decided to focus on cash flow, you start by looking for markets that align with this strategy. This is where a lot of people get stuck because they think they need to invest in their backyard. But here's what I found to be true, some of the best cash flowing opportunities are often found in other states, not in your backyard, where property prices and rents create favorable investment conditions. Now this brings me to the third and the most critical element, building your team. Here's where most people get overwhelmed or make very costly mistakes. But I'm going to show you exactly how to do this the right way. Your team consists of what I call the core four. Your real estate agent, property manager, lender and general contracts. The key that most people miss is you want to start with an investor friendly real estate agent. Why? Because real estate agents are master networkers. They have connections with all the other team members you would need and can help you build your team very quickly. Now, working with your agent, you want to be very clear about your buy box. These are your buying parameters. In our community, we're always talking about buy boxes having ranges. This allows your team member to have some flexibility with providing you with possible properties that make sense all within your range. Ranges could include what you're qualified to buy, up to how much liquid cash you have available, what's the target property value range you're wanting, and what's your estimated rental range you're looking to have each property rent for. You see, having clear rental ranges is powerful because it allows you to be more open to different opportunities while staying within your investment criteria. When you give your agent this clear direction, they can act quickly and get deals in front of you that actually make sense to you. Your property manager is going to be critical. They're your quarterback of your team because they're going to be the ones managing your investment after you buy it. Both real estate agents and property managers are licensed professionals. This means that they are held to a different standard and it adds another layer of security to your investment. Now when it comes to lenders, this is often where most deals fall apart. Many people aren't prepared or pre approved and they don't have the right connections or options for different lending products. Your agent can help connect you with lenders both locally and nationally that understand investment properties. And they can quickly qualify you for the loan products you need to close on the property. The last member on your team is your contractor. Now here's something counterintuitive. This should be one of the last team members you bring on. Why? Because not all properties need work immediately and contractors get paid off of the jobs at hand. If we don't have a property that needs work yet, they can't wait around forever. It's better to find a property first that needs work then you can bring in a general contractor. So there you have it. The exact process to buy your first investment property in just 90 days. Remember, it comes down to these three key elements. Number one, identify your strategy. In our case, we're focused on cash flow. Number two, choose the market based on that strategy. Number three, build your team starting with great real estate agents. When you follow this system, you can avoid the overwhelming confusion that stops most people from ever getting started. You don't need to wait years and stay stuck in analysis paralysis. You just need the right strategy, right market and right team. So please take action on what you've learned today. Start by getting clear on your investment strategy. Then begin researching markets that align with that strategy. Remember, the sooner you start, the sooner you'll be on your way to building that real estate wealth that you've been looking to build. RA.