This video is intended to be a real estate tutorial where Graham can cover all the basics. He intends to give the viewer a blueprint for what is needed to invest in real estate. This step-by-step process for Dallas home investing is simple to follow.
This video intends to purchase real estate as an investment.
You buy property to have a tenant paying the mortgage and hopefully some additional profit.
Step 1 – Build your credit score. This determines your interest rate.
Step 2 – Save money. You need to have money for a down payment on real estate.
Step 3 – Proof of Income. You will need to provide proof that you have a consistent income.
Step 4 – Get Pre-Qualified for a loan. This helps to avoid disappointment.
Step 5 – Do Research and look at all the possibilities.
Step 6 – Make an offer. Have patience and make an offer in the right place.
Step 7 – Do Inspections.
Step 8 – Close the deal.
Step 9 – Do those renovations that are needed.
Step 10 – Find a tenant.