First Rental Property Investment Real Estate Investing for Beginners: 5 months ago   11:28

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Matt McKeever
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Dan Warren discusses his experiences buying his first rental property and becoming a first time landlord


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Matt McKeever is a CPA, CA and Real Estate Entrepreneur in London, Ontario. On this YouTube Channel Matt will walk the viewer through how to invest in real estate using such strategies as the BRRRR method while also documenting his personal experience as a real estate investor. Matt began investing in real estate at age 25 by purchasing a student rental near Fanshawe College. In 2016 he's acquired over 25 unit and in 2017 acquired over 25 units.

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Comments 69 Comments

Racinda Lockhart
140k loan or he had the cash already?
Renegade Nielsen
Visit the advertisers to support your fav YouTubers!:)
Ruby
My great uncle use to be a landlord, it kinda will make me nervous when I will have to mess with tenant, he was murdered so it will make me nervous when I will have to deal with people.
john superhist
You real estate investors look simple not that rich
freckledfuck
You make me sick
ro ro
so whats a better option than electric heating?
Jupiter Eye
Wait, were you buying these on your name or did you set up holdings company? How did you set up your business model?
Jacob Joncas
Hey, please reply. I heard you only put 5% down for a rental property here in ontario. How was this done? I've heard and read that you need 20% down for a property to be rent-able.
Kwarm Rak Sea Dum
I don’t think many real estate you tubers have hit on the topic of owning in a state where there is more government regulations on rentals and how to adjust to those changes as well as pros and cons. I think the most I’ve heard is to avoid those states. Would you or anyone have insight on this?
funguy29
irish from toronto good
Self-Made Entrepreneurship Channel
Inspirational video. What's your advice to people who are getting into real estate now in Toronto specifically...a single detached house cost approx 1 million now.. I'd preferably want to invest in my own city within traveling parameters.
fredmagic09
The uncapped marker in the bottom right hand corner drove me INSANE!
Shawn Michael
worst video ever!
dThor Riven
$750
$700
That’s almost squatters rent...
That’s biggest mistake...
dThor Riven
Poor renters aren’t qualified to luxury rental properties
Cristian A
You’re a legend
Matt Cheddy
Can I pay mortgage for a home and be a landlord and making people pay rent ? If so how much rent should I charge? For example I’m paying $700 for mortgage monthly and I charge tenants $1000 a month for rent, can I do that?
Erik Thede
As a home inspector I see that problem with bath fans all the time. Just directing bath fans into the attic doesn’t magically get rid of all that humid air. Bath fans always should exit through a roof vent or ideally through a dedicated vent to get rid of that moist air and keep maximum ventilation in the attic
Wilson Aguirre Gomez
I'm truly enjoying the content on your channel! Kudos!!
Yak Motley
Great video!
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Real Estate Investing for Beginners: First Rental Property Investment 5 months ago   14:27

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Let’s debunk some common myths about real estate investing, and share what it’s ACTUALLY like, no sugar coating - enjoy! Add me on Snapchat / Instagram: GPStephan

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First expectation: Real estate investing is passive.
The reality is that creating the type of rental property to the point where it’s passive income takes a LOT of work. But the work is, at times, still ongoing. Eventually you’ll have a vacancy. Eventually you’ll need to fix things up again. Nothing will last forever. Sure, you can get a property manager who’ll handle much of this for you - but you will need to do SOME work yourself, even if it’s as small as choosing between finishes or approving bids on work. It won’t be an insane amount of work, but it will be something. So yes, real estate CAN be fairly passive…but it’s not passive if you don’t put in the work UPFRONT.

Second Expectation: In order to invest in real estate, you need to do the repairs yourself or be a good handyman.
The reality is that I can’t do anything besides change a lightbulb. While I do know some landlords who do the work themselves to save the money, this is absolutely not a requirement - and depending on how much your time is worth, it’s often cheaper just to pay someone else to do it the right way. It’s also worth noting that since all these repairs are a write off, you can write off the costs against your income…but, if you do the work YOURSELF, you cannot deduct the cost of YOUR OWN LABOR.

Third Expectation: It takes a lot of money to start.
The reality is that it often takes 10%-25% down to begin investing in real estate. This COULD be a lot depending on your definition of “ a lot,” and also on your area. Buying a property in Los Angeles would be significantly more expensive than in Kentucky, for instance. Where one person might be able to buy a property for $20,000 down, someone else might need $200,000.

Fourth Expectation is that it’s often like the TV shows.
The Reality is that it’s NOTHING like what they portray on TV. Oftentimes those TV shows will be loosely scripted around creating drama and creating a show that’s actually interesting enough to watch all the way through. Every episode needs a goal, a problem that arises, a solution to that problem, and then a resolution at the end. The real life problems that come up just aren’t that exciting or interesting. It’s often boring and mundane.

The fifth expectation is that you’ll make a lot of money investing in real estate.
The reality is that oftentimes one property won’t make you rich. Most mom and pop landlords won’t make a lot early on, but as they scale up, they can earn a significant amount of money from a lot of smaller sources. This is how many landlords start making money, enough to quit their jobs and invest in real estate full time. It’s growing your portfolio over one or two DECADES and accumulating those properties that might make you only $900 a month….but buy one of those every 18 months, and in 15 years you’re making $9000 per MONTH. That’s how most landlords make their money, and make a LOT of it. But the beginning will be slow and frustrating until you begin adding more and more to your portfolio.

For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness@gmail.com

Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq

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