How I Bought My First Investment Property At 21 Years Old

FREE DOWNLOAD - Investment Planning Spreadsheet (Make A Copy!)
https://www.jakecoyne.com/freecalc

Hey Everyone! In this video I share some preliminary tips and the steps on how I went about purchasing my first rental (investment) property in Texas at the age of 21. I don't intend to sound arrogant in creating this video, but to share a new perspective and knowledge on how you too, can purchase a property of your own regardless of money or age. Many people are intimidated when they here the words 'investment' or 'real estate', but it is important to start to think about real estate as a wealth builder. Most of the worlds successful people own and invest in property, and its important to understand that you don't need to have ridiculous requirements in order to start investing yourself. You can start building and creating long-term wealth and passive income for yourself today.

As a real estate agent, I do have a leg up for understanding the process of how to purchase a home, but there are many key items to educate yourself on before buying any property.
The first tip is: Learn and understand the terminology, the numbers that go into real estate investing (expenses, cap-rates, rents, tax, interest, etc), and then what strategy you wish to pursue. Research online, or talk to a real estate professional such as myself or whoever you know about what it takes to purchase a home, and they can give you a crash course in real estate investing. I prefer a long-term buy and hold strategy, and so I focused my search on residential multi-family properties.
Tip #2: is an obvious question of how I was able to afford such an investment. Well, I didn't do it all myself. I had investors; my brothers.
I took the knowledge from step one and presented to my brothers a plan on long term real estate investing. They ultimately bought-in and wanted to pursue this plan together, so we all split a downpayment 4 ways. There are many ways to obtain capital from other investors. First, you can present an investing plan and ask your siblings, parents, and other family members/friends to invest with you. If you house-hack a property (watch my other video) you won't need as much downpayment in order to purchase. And finally, if you exhaust all those options, you can search around and ask other passive investors to go in on a deal or lend you the capital necessary. But, you will need to provide some other value.
Tip #3. Your "other value" is your time. You will need to learn to analyze property to find the deals! Use my spreadsheet (link above) in order to plug in your expenses/rents/etc. and it will automatically calculate the NOI, cap-rate, and cashflows/etc so you can easily spot the deals from the rest. This is a consistent process that could take months. But throughout this time, you will udnerstand the markets and have great context on you can create a deal!

There you have it! Please reach out to me if you have any other questions or if I can help you find property here in California.

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GEAR AND SOFTWARE USED TO FILM THIS VIDEO

Camera = Sony A7III

Lens = Sony G Master 24-70mm

Mic = Rode Video Mic Pro

Stabilizer = Zhiyun Crane 2

Editing Software = Adobe Premiere Pro CC and Adobe After Effects CC



VIDEO FILMED AND EDITED BY:

Mike Calpito - CRE8R Marketing and Creative Agency

http://www.CRE8R.agency




ABOUT THIS VIDEO
Jake is a local Bay Area Realtor under Keller Williams Realty. He’s set out on creating explorations and adventures of all different places to help tell his story from a different perspective.

https://www.jakecoyne.com/

CALBRE #02029039

#realestateinvestment #rentalproperty #howtobuyinvestmentproperty