How did BiggerPockets CEO Scott Trench buy his first rental property? This is the “Real Estate Rookie Podcast”, and as a rookie, where should you start? Most new real estate investors think that the steps to buying a rental property are simple—find an agent, find a property, buy the property. And although that could buy you a rental property, the chances of you becoming successful are very low. Real estate investing requires much more than just purchasing a property if you’re trying to build generational wealth, financial freedom, and a life that operates on your schedule.

It shouldn’t be surprising that the CEO of a company like BiggerPockets is someone who took the slow, yet highly successful route. No raising money on his first deal, no buying multimilliondollar apartment complexes, no giant yacht, and no private planes. Scott Trench is the epitome of the “grind until you shine” real estate investor. Starting with littletono savings, he was able to work his way up to his first rental, his second, and now his thirteenth.

To celebrate the release of the updated version of his wildly popular book, “Set for Life”, Scott has created a tenstep checklist that any new investor should use to get their first real estate investment. These steps were specifically designed for you to not just get one rental, but many more following your first purchase. These are the exact steps Scott took to reach financial freedom in under ten years, and if you follow them as well, you might be able to do it faster.

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Join the Real Estate Rookie Facebook Group:
  / realestaterookie  
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Grab The Revised Edition of “Set for Life”:
https://store.biggerpockets.com/produ...
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Get Scott’s 10Step Check List for Buying Your First Rental Property:
https://www.biggerpockets.com/rookies...
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SignUp for The Real Estate Rookie Bootcamp and Join Us at BPCon 2022:
https://www.biggerpockets.com/events?...
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Hear Scott on The BiggerPockets Money Podcast:
https://www.biggerpockets.com/podcast...
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Tell Your Story on The Real Estate Rookie Podcast:
https://www.biggerpockets.com/guest?u...
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/e...
Tony: https://www.biggerpockets.com/users/t...

Episode 200

Show notes at: https://www.biggerpockets.com/blog/ro...

00:00 Intro
05:43 Finding (and Later Running) BiggerPockets
10:19 Serving the Investor
13:26 Building the Financial Flexibility to Invest
21:10 Becoming "Set for Life"
29:33 The Rookie Checklist to Start Investing in Real Estate
41:48 Boosting Your Credit Score
45:33 Keeping Your Cash Position Strong
48:37 Building Your Investor Ability
01:00:10 Rising Interest Rates
01:02:45 Rookie Exam
01:05:40 Rookie Rockstar

#biggerpockets #realestaterookiepodcast #ep200