How to buy your FIRST rental property 🏠 (where to buy, metrics to look at, and more!)

Рет қаралды 163,069

Күн бұрын

Last year I bought 3 rental properties in the span of 2 months. I'm sharing with you what I learned to help you get to your first rental property too!
🏠 my FREE rental property cashflow calculator 🏠
rosehan.com/rentalpropertycal...
TIMESTAMPS
00:00 - intro
00:55 - deciding where to buy
05:36 - finding good deals
10:16 - pulling the trigger
11:38 - managing it
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**OTHER THINGS MENTIONED IN THIS VIDEO! 👀**
💫 www.biggerpockets.com/forums to connect with people
💫 www.bankrate.com/mortgages/mo... to calculate your monthly payment
💫 www.narpm.org/find/property-m... to find a reputable property manager
__________
**BOOKS I RECOMMEND 📚**
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
amzn.to/2VbJ1Pt
The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)
amzn.to/32ewzjj
InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
amzn.to/2SLTYpn
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
amzn.to/2SKyklt
Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)
amzn.to/2SJ6vtx
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
amzn.to/37N2adc
________
**MY FAVORITE MONEY TOOLS 🖤**
YNAB (I literally can't live without this budgeting app, so obsessed)
www.youneedabudget.com/?ref=Y...
Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)
wise.prf.hn/l/413jE0q
Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):
amzn.to/3Ne37jy
__________
DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!
__________
SAY HI ON SOCIAL! 👋🏼
Website: www.rosehan.com
Instagram: / itsrosehan
TikTok: / itsrosehan
Pinterest: / itsrosehan

Пікірлер: 334

@majortom8047 11 ай бұрын

Two thumbs up on this strategy, Rose. I'm retired now, but many years ago I bought a duplex in Dallas. One side was rented out and after I repainted the place inside and out, the second side rented quickly. Over the years I bought ten more apartments, all over 12 units. I had two property managers that stuck with me for 16 years. Needless to say, I sold them all over a two year period and retired. What you're doing here is taking away some of the fear, the hesitancy, the procrastination, that doom many investors before they are even out of the gate. That's one of the first requirements to being a successful RE investor. Do the numbers, then pull the trigger.

@JRspeaking 10 ай бұрын

But how does one "do the numbers"???

@iseeflowers 8 ай бұрын

What age you started buying property?

@dspychalski 4 ай бұрын

Rose…remember last year when we got scammed by people impersonating you? As you know, we are an older couple, and we got scammed out of our entire their life savings. What I don’t get is, Rose, you KNEW it was going on and did nothing. It was a very elaborate con, so we put it all on rosehanscam for all to see- It’s very sad that you didn’t do a thing to protect us all. Why didn’t you take responsibility? Rose…why? You were kind at first, but then you got defensive once you saw that it was truly your fault for not letting everyone know…and then you ghosted us. @@JRspeaking

@mbelfonte 3 ай бұрын

“At some point action is what brings the clarity”. Love that. And this entire video. Thanks for sharing.

@mugflub 10 ай бұрын

I absolutely LOVE how practical and down-to-earth you are. This is a great video with so much solid, easy-to-understand info. No fluff or BS at all. You seem so genuine and sincerely interested in helping others. Instant subscriber!

@PixieChick56 11 ай бұрын

Omg! I enjoyed this channel. You made me get my Multifamily juices flowing. I've been wanting to do this for years. I’ I’m a newbie at this, you made me feel like I can do it, everything you said was so straightforward. I thought about managing it myself, but no why should I create another job for myself? Thank you. I will forever be grateful for finding you!

@gloryokugo7683 2 ай бұрын

Best video on first time investing I've watched thank you. Will pull the trigger spring 2025.

@TimothyCatan 11 ай бұрын

Love your down to earth enthusiasm. Your videos are getting better and better. Thanks.

@sachikojt 11 ай бұрын

Thank you for thorough explanation on this process! You seriously have a knack to demystifying these things. I am forever grateful for your Options course 🙏

@DekeRadio 11 ай бұрын

Rose, you and your channel are a true blessing to so many. Lots and lots of people spend their lives wondering if they’ve made a difference. You don’t have that problem. Viva la Rose Han. Long may you run.

@danielashford2435 11 ай бұрын

Awesome video as always Rose!! Your KILLING IT!! Always teaching me!

@DevinPWalsh 11 ай бұрын

Fun to see your journey. We jumped in last year and bought 3 rentals. Got one more this year. I went through very similar learning lessons and others including bad management, tenant eviction, etc but at the end of the day real estate is a great place to investment

@madisonpayne2675 Ай бұрын

This has been the most HELPFUL and STRAIGHT FORWARD video I have seen so far! thank you for encouraging your viewers to dive in!!

@lesleythompson1824 7 ай бұрын

I love how you broke it down and explained in detail how you did each thing.

@MiddleAgeAsian 11 ай бұрын

Great info! Most comprehensive rundown on the process and getting into some of the details that most people don’t talk about

@vishalchowdhary4739 11 ай бұрын

Rose, your spot on, yet simplistic style of delivering content is what amazes me the most about you. Congratulations on your rental investment. I hope to be on that side very soon. Would definitely benefit from more such videos. Cheers

@xevilman1 11 ай бұрын

Great work Rose! Happy for you. I learn much from you.

@judithbuchanan9566 11 ай бұрын

Yayyyy what a treat! Another video from Rose🙌🏽. As always Rose, thank you for such an informative video 🩷.

@itsrosehan 11 ай бұрын

Good to see you as always Judith! 💙

@mayamartinezxo 11 ай бұрын

This video is gold. I'm 23 and saving for a future rental property and have tossed the idea around for the last few years. This video re-motivated to prioritizing actually getting started on it soon. Please keep making content on this! It's invaluable.

@gaximedia 11 ай бұрын

hi.. are you on biggerpockets?

@Khailsworld 9 ай бұрын

I’m right there on the same path as you, a good method that you could look up is owner financing/creative funding. 😊

@dietriamichelle494 9 ай бұрын

Great video so proud of you, young lady. Your words were so encouraging you make it seem so easy. Thanks for sharing!!!

@chubbycescanut 11 ай бұрын

Thank you so much for this!! 😊 I’m really putting in a lot of hours at work to help me get my first property!! Super excited!

@patrickmorton1187 11 ай бұрын

I have been waiting for a video like this for a while, I was so curious about how you felt secure and ran the numbers despite living far away. I have considered real estate myself and I appreciate your cost breakdown and for taking the time to create this content. I wish you all the best in life and finance, keep hustling

@dspychalski 4 ай бұрын

@Emk315 11 ай бұрын

I enjoyed your videos on fidelity ETFs and bonds years back and I benefited from them tremendously. I am glad to see your new videos.

@romegq Ай бұрын

Awesome video. Extremely satisfying to digest without all of the technical babble found on other channels. Thank you Rose!

@brucegee4799 4 ай бұрын

Great video. I like how you go in to more detail and also using your experience as an example.

@lindakathryn 11 ай бұрын

Thank you Rose! I love your videos and truly learn so much from every video. These motivate me to hold my feet to the fire and face my fears head on. Again thank you so much.

@lizardmilk 11 ай бұрын

So happy to hear more from you about finances. I hope to see more from you about your financial journey. Your experience is very insightful and inspiring.

@dspychalski 4 ай бұрын

@realestateinvestingtips 10 ай бұрын

Amazing content. Buying your first piece of real estate can be a challenging task. The information you provide is great for beginners and seasoned investors alike.

@alicemendoza5269 10 ай бұрын

I value all your information you put out there Grant! I do want to learn the Real Estate Business the way You play it! Just wish I knew this years ago! What does one do to get in that game if Im already close to 50 and lived most of my life working and house poor?

@AustinReid09 10 ай бұрын

Most people are unable to handle a fall since they are accustomed to bull markets, but if you know where to look and how to get around, you can profit handsomely. It depends on your entry and exit strategy.

@harod033 10 ай бұрын

Given that the US stock market has been on its longest bull run in history, the widespread concern and excitement is reasonable, given that we are not used to such volatile markets. As you mentioned, it wasn't difficult for me to earn over $780k in the previous ten months, so there are opportunities if you know where to go. I engaged a portfolio adviser because I knew I needed a strong and trustworthy strategy to get through these tough times.

@HafezBd 10 ай бұрын

@@harod033 I need suggestions to assist me recover my portfolio and create more effective strategies because of the huge dips. How do I locate this coach?

@harod033 10 ай бұрын

@@HafezBd Ruth Loralann Brennan, whom I discovered on a CNBC interview and contacted, is guiding me. She has since given me entry and exit points for the securities in which I am interested. You can look her up online if you require care supervision.

@m_psr 11 ай бұрын

Great video, Rose! Thanks for sharing your experience and knowledge! 👏🏼👏🏼👏🏼 Ps.: I love your hair!! 😍

@Blestmama7 11 ай бұрын

Thanks Rose! Fear and analysis paralysis always seems to hold us back! Just do it! Thanks for the encouragement! Will def pull the trigger this year💜🙏🏽

@dspychalski 4 ай бұрын

@kwameapo1859 11 ай бұрын

Am a newbie and found your presentation soo informative. Thanks Rose for sharing your journey in RE investment.

@VellaBombshell 11 ай бұрын

This video is literally everything! Thank you so much

@anisacodamon3037 11 ай бұрын

Hi Rose! I am 24 and in grad school and I have just started watching your videos to learn about investing. THANK YOU SO MUCH for providing so much accessible information with clear examples and some tutorials and free resources that you created. I come from an immigrant family and this information will be able to get me ahead with saving and help my entire family so much too. I am going to teach my parents and my siblings many of the strategies I have learned from you. Thank you again!

@gaximedia 11 ай бұрын

i don't think she responds to comments

@isacherrera6400 9 ай бұрын

Love your focus, i own a 4 plex, 1 house and looking to buy my next single family home investment property in California. Keep sharing and helping people get out of the rat race! :) 1 thing even if your only breaking even, eventually with rising rent and home value you will be in the green.

@willlu7279 8 ай бұрын

This is actually very useful information. Thanks you so much for sharing!

@victoriabrolin 11 ай бұрын

Informative video, thanks Rose!

@grabthemappodcast 3 ай бұрын

Thank you for providing essential information about the financial aspects of real estate investing, like calculating rental income, expenses, and cash flow. They were simplified and demystified in this video, making it feel more accessible for real estate investors like me

@magixbeats2214 11 ай бұрын

More vids like this one Rose. Thanks! You inspired me to take action.

@conniie 11 ай бұрын

Thank you so much for this video Rose!! You are goals

@fingerscrossed24 7 ай бұрын

Very informative and helpful info. Thanks Rose!

@gabrielmatas3436 11 ай бұрын

Im always learning from you Rose. Thank you.

@itsrosehan 11 ай бұрын

You are so welcome :)

@UrAvgInvestor 11 ай бұрын

Thanks! Very informative!! I am in the process of looking for my first rental property…

@SMW771510 5 ай бұрын

Thanks for your help, Rose.

@shanekafavorite2738 Ай бұрын

This content is absolutely mind-blowingly exciting for a rookie such as myself. LOL, THANK YOU!!

@ABSG7 11 ай бұрын

Thanks so much for sharing your knowledge

@michellefinley5993 11 ай бұрын

Great video. Thank you so much!

@andreagonzales1824 9 ай бұрын

Great video, thanks for being motivating

@millionroots3102 11 ай бұрын

Very helpful info. Thanks.

@melodicexotic 11 ай бұрын

Helpful video!! Keep it up

@gerardsicat3103 11 ай бұрын

Great content! So very helpful. As Canadians would be nice to own RE in Vegas one day. Your info so so good. 👍

@OperationFoodieComa 11 ай бұрын

This was so informative Rose, thank you for this. It's also a huge goal of mine to own multiple properties for investments, so I appreciate you sharing your knowledge with us. If you haven't already, I would LOVE to refer back to a playlist you perhaps create about your real estate investing journey. It can show you how much you've grown over the years and also be a reference for the complete beginner that's getting into real estate investing to save them from some of the hardaches you went through. Thanks again, AWESOME video!

@gaximedia 11 ай бұрын

hi Shuan, have you joined bigger pockets?

@OperationFoodieComa 11 ай бұрын

@@gaximedia I haven't, but I've heard of them.

@dspychalski 4 ай бұрын

@ciciboo95 11 ай бұрын

Omg im in love with your hair!!! 😍😍

@SuperFriday 11 ай бұрын

This is interesting Rose! I like it!

@willmallory9085 11 ай бұрын

Excellent video Sister. Thanks for sharing this information.

@butterflychild25 11 ай бұрын

Fantastic video! Thank you!

@geraldlanderos9342 6 ай бұрын

great video, good information for the first time investor.

@PereiraShane 7 ай бұрын

Key takeaway Learn it buy doing it 😊 thank you

@ChallysJourney 7 ай бұрын

Thanks Rose. . great information..

@jack7240 11 ай бұрын

Rose you should do a video on divorce and how to limit one's financial liability during the separation process (prenup postnup and their success rate in court etc.). I'm 32 and have created a nice net worth for myself but I am afraid to get married just to have the marriage fail and loose half of my NetWorth after all my sacrifice to get there financially. Also, Great content, thank you Rose!

@mbank3832 11 ай бұрын

if you truly love someone, you shouldn't be worrying about your lover taking your shares of wealth.

@KuteKawaiiKitty 11 ай бұрын

@@mbank3832I wish I'd listen to my mom....you must think like this period. He's being proactive

@mbank3832 11 ай бұрын

@@KuteKawaiiKitty but if your lover is happy, you should be happy too, no ?

@JF-vw9lv 11 ай бұрын

@@mbank3832 Shouldnt that same lover also be happy to sign a prenup to ensure the person whodid all of the work to earn the wealth is protected and leave with only what they came into the relationship with?

@DekeRadio 11 ай бұрын

I understand what and why you’re asking this, but that wound may still be a little tender right now.

@Papa1P3RCY 11 ай бұрын

Wow Rose. Thank you ☺️

@lizhernandez3857 11 ай бұрын

Great Video 🙂

@lorrainey2004 11 ай бұрын

Thank you Rose

@diydan2213 9 ай бұрын

thank you for the insight

@patriciacampos6428 5 ай бұрын

Great video. Blessings

@sarkispoyrazian4245 11 ай бұрын

First of all, you are so beautiful! Second of all, this video could not have come at a better time. I’m looking into investing in property as well! Vegas is definitely on the list! 👍

@Charlieedwardo 6 күн бұрын

Great video!!!

@dlmonty5423 9 ай бұрын

Hi Rose, just recently discovered your channel and have been learning so much. When buying your first rental property how much cash should an investor have available? I thought about buying rental property before, but the amount of money required seemed exorbitant and I didn't want to wipe out my entire portfolio to get started.

@builtra 9 ай бұрын

i love the video, thank you for sharing your story! out of state investing seems to make the most sense especially here in CA where its rough to get started I'm going to start looking at vegas also! I'm curious what happened to you after the sale. You got the buying down! But what about the ongoing challenges of property management? Have you ever encountered unexpected hurdles, like tricky tenants or maintenance issues, that really tested your skills? I'm also curious if you've ever considered taking your investment properties to the next level with construction or renovations? It seems like a logical step to increase property value, but maybe there are reasons why you haven't ventured into that territory yet. I'd love to hear your thoughts on this! keep up the great work!

@chrisvigo4880 Ай бұрын

I just fell in love 😍😍😍

@ladygypsysoul122 10 ай бұрын

That's very nice. Rental house passive income is so great. I did it before when I had my house.

@TheBoyz305 9 ай бұрын

Great video

@craigrussell2045 10 ай бұрын

The housing prices are going up faster than any working person could save. I was really hopeful of my investments this year, but all my plans have been disoriented, I've been studying the stock market and I realized some investors made millions from the recent 2008 recession and I was wondering if such success rate could be achieved in this present market. Any recommendations?

@lucyAngletont 10 ай бұрын

Yes, If you go long against the market you'd make such success.

@RandyPelletier 10 ай бұрын

I feel exceptionally lucky I started investing in my early 40s and compounded my income to create more cash flow. I grew to a 7 figure well-diversified portfolio just by following Trisha Jean Webb's recommendations and having exposure to different prolific investments mainly blue chip stocks, precious metals, REITs and high yield dividend funds. Now house and cars all paid off and no other debt.

@craigrussell2045 10 ай бұрын

@@RandyPelletier Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.

@Dahmer_Jeff 9 ай бұрын

Bots. You can't out save your way to financial freedom. You need to learn to leverage

@senthilAchari 9 ай бұрын

Great video! Thoughts on home warranty purchase for rental property?

@noyraland Ай бұрын

Love your hair!!

@Joboheart 10 ай бұрын

Thank you for this easy to understand info! Did you buy the properties outright? Not sure if I missed this somewhere

@smills805 11 ай бұрын

I agree learning by doing is the best

@TheBellsDJ 4 күн бұрын

Thank you ❤

@Antonio-mn1pc 11 ай бұрын

Rose, Thank you so much for continuing sharing your genuine experience. Have you consider doing a remote seminar on property investing?

@itsrosehan 11 ай бұрын

I’m considering it! Thanks for the suggestion/idea, that would be fun!

@Antonio-mn1pc 11 ай бұрын

@@itsrosehan let me know and I will be first in line. 😂😂 I know you done a few videos regarding how you change your habits & thought process. However I think it will be super helpful to have a tangible process of the steps that you took to get there. It’s understandable that everyone situation is different but to have a compass or a guide session could help many.

@mjr59 11 ай бұрын

Rose, first. Hi! Big fan! Do you have a video on how you setup the business side of this. Did you do an S-corp, LLC, did you purchase under your name or business name? Taxes?

@jkfavs1 11 ай бұрын

Great video, Rose! Any tips on keeping track of each property like what updates/work was done on each property and cost. Do you track expenses and income of each property? Does each property has its own bank account or use excel?

@dspychalski 4 ай бұрын

@edeial1279 8 ай бұрын

Thanks for the video Rose . Did you use your LLC or personal credit ? Also , Could you break down how you saved for these .

@granadilla_lili 11 ай бұрын

Thanks for sharing, Rose! One question regarding the cash flow calculator: when calculate cash flow, should we exclude the "principal" portion of the monthly mortgage payment given it is paid towards the property equity and the owner will likely get it back when selling the house? Curious what's your thoughts around it?

@jonb3189 9 ай бұрын

Nice analysis Rose. Texas has among the highest property taxes in the USA. I'm in Arizona. Heard good things about Nevada. Even myself, pretty experienced investor did not know about the insurance terms as Total Replacement Cost Value (RCV), vs Actual Cash Value (ACV) Policy. Will contact State Farm agent to confirm which I myself have. Also, I do have an umbrella insurance policy for all my properties. Extremely cheap. Question: Do you put your properties in separate LLCs? Personally I have one LLC per property.

@mikejarrells431 11 ай бұрын

Thanks & good job. Did you consider REITs?

@eliot5220 10 ай бұрын

Nice video and congratulations on your first properties. I’m thinking about doing a new channel to show folks how to do small multi-families. I’ve been at it for about 20 years so I might be able to help some people

@MrPromerican 10 ай бұрын

I love it.

@ZF1Motorsports Ай бұрын

Good stuff

@davidgolf3245 11 ай бұрын

Rose just wanted to say that you are absolutely gorgeous!!! Thanks for all the tips. Be well.

@TechInRealEstate 10 ай бұрын

inspiring!

@jasonjosephlee 3 ай бұрын

Great video. Do you buy for cashflow or appreciation?

@maritzadelgado2227 3 ай бұрын

Phenomenal! I so nervous, scared and excited. Still collecting knowledge and started reading more. I cannot wait to jump in this ocean! So help me God! Rose, what books would recommend for a newbie? Any personal inspiring reads would be appreciated too! TY!

@velousenoel8257 8 ай бұрын

Oh Rosie I m glad I found your videos you explain everything about real estate 🏡 that’s my dream 😴 I can wait to start thank you my Daughter maybe you can be my daughter age God bless you

@simplythebest7015 10 ай бұрын

Just started following you when I came across your videos...I've been researching for months where and how to invest. How much was your down payment for the properties? Have you thought about investing in midterm rentals (MTR)?

@cyrusck5723 10 ай бұрын

Good thanks

@margaretcylke1469 10 ай бұрын

sounds good. Ive got 4 properties in Canada.. but want to expent into the US... thanx for Vegas typ.. i was looking at tenessy... soo many states... i probably will need to do a road trip ur right..

@XiaoOoGwei 9 ай бұрын

Hi Rose, would love to hear if you did any neighborhood research and what tools you used for that if any. The problem I'm coming up with looking at out of state properties is that I hear the neighborhood can vary block by block. So I end up putting so much time into figuring out if the neighborhood the property is selling in is viable or not. Did you just pick whatever property where the numbers worked or does the neighborhood matter?

@tinly1 11 ай бұрын

Property management fee in vegas ranges from 7-9% and most of single home in vegas also have HOA

@ayasarsour2860 8 ай бұрын

Thank you

@oliverf944 11 ай бұрын

lol i think the "outdated" house looks lovely!

@xmochix604 4 ай бұрын

I have 200k sitting doing nothing and i have analysis paralysis lol. I saved this video. Thank you for the motivation to go ahead and just do it even though im scared out of my mind haha