Case Study: Start Up Costs For Buying Your First Rental Property


Case Study: Start Up Costs For Buying Your First Rental Property

We’ve discussed the regular expenses you should account for as a real estate investor, but what should you expect when you’re just getting started? In today’s video, I’m sharing five start up costs that are associated with real estate investing.

I’ll discuss exactly what costs you should expect to incur when you’re starting your real estate business. I’ll talk about setting up your business entity, closing on your investment property, and more!

If you’ve ever wondered what it takes to get started as a real estate investor, this case study video is for you! You’ll learn exactly what you should expect when you decide to buy your first rental property. I’ll share rough numbers for each cost, and give specific examples.

Show notes page for this episode: https://goo.gl/acwC2Z

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20 Responses to Case Study: Start Up Costs For Buying Your First Rental Property

  1. wam rocket

    In the UK u gan get a cheap house for 15-20k easily not git nice ones but its a house

  2. Tracey P

    What about inspection cost?

  3. Prowler

    I don't know of any Title Company that charges less than 1% to close on a deal. If you have any recommendations please let me know thanks.

  4. POLO MARCO

    You have opened my eyes, to my back yard being the USA not just where i live. Curious? own any outside USA if so what was that like?

  5. Julio Naranjo

    I love this. Thank you!

  6. Ryan Jensen

    I think you forgot to include the cost of a house inspector

  7. Jay C

    Thank you so much for the "clear" message. I found your videos 2 days ago and they are all clear and to the point. Thanks

  8. Trong Lu dot

    Morris keep mention 45k investment properties. Where to get them? Who is going to rent them? It doesnt make sense to me.

  9. Scott Heitman

    video was to quiet

  10. One Universe

    Another question, do you have a video on purchasing properties out of your own state?

  11. One Universe

    Do you have to have an LLC on the state that you are going to invest in or it doesn't matter?

  12. BiG PaPI8

    how much are you paying for Property management out of state?

  13. BiG PaPI8

    How do you mortgage your first property and pull cash out to buy another property and how long should take to pay the first property off? let's say 45k.. i paid cash..

  14. Ryan Nicklin

    Love your videos! Can you please do a video on getting a HELOC to pay off your mortgage in 5-7 years? Thx!

  15. breakingthemasks

    are these costs linear compared to purchase price? this is, if these numbers are for 40k… would an 80k house have double these costs?

  16. obalajadia

    Way to go Clayton. You look happier, richer, freer, and healthier now than when you were with Fox. Enjoy life, and great success sure comes your and your family's way. Great videos.

  17. Michael Castillo

    $40,000 for a house!! Just to compare I live in LA and even the smallest, run down houses in the ghetto go for at least $350,000+

  18. Southernburrito

    For whom the bell tolls, time marches on… 🙂

  19. Nathan Dutoit

    40k is so cheap 😮 I'm not from the US, here a one bedroom apartment is 100-150k euro's..

  20. Vicki

    While I appreciate the great outdoors, the audio was lower than your other vids! Thanks, Victoria-Juris Doctor/Realtor