I'm starting the process this year of saving money and building my credit. I will be buying my first rental property at the top of 2026. Great video, thank you for the information and tips
Brother thank you for not making so many people go throught a program for this steps. I’m super super super glad and happy of how simple and water down you explained this… after watching I feel so confident that it’s very doable and all I need to do is prepare myself for each step along the way. Again thank you!
@ 4 plexes are great because unlike a single family house if you have a vacancy you still have 3 other units rented which pays the bills. Don’t buy older buildings with old school utilities where the landlord pays the utilities and you add into their rent. You want separate utilities per unit. Minimum 2 bedroom units easier to rent. Do good cashflow analysis so you know it will support itself plus pocket you money monthly. My 4 plex was not a rehab. It was rented out already which takes the burden off you.
As a commercial real estate lender, this is a great video. 1 thing that I'd add for consideration is construction. You can build modular units for a fraction of the cost and get a better product.
@610srtgang2 good question. Some construction lenders aren't comfortable with modular construction yet only because they don't know how to encumber the collateral until the project is done. More are starting to come around to it. With that said, getting a mortgage post construction is as simple as it is for a normal stick build. especially when the property is cash flowing with a decent occupancy rate. I personally do agency and HUD perm loans for my portfolio. Best product for what I do. It all just depends on your plans for the property, short - and long-term goals.
@@610srtgang2 Not at all. Some lenders still do not understand how to structure a loan for modular development. It's becoming more a common build for developers due to the cost effectiveness and speedy build time. For example, my company started a modular multifamily project with 120 units which from start to finish, was only 3 months and built at roughly $110 per SQ FT. A stick build would have costed roughly $250 to $300 per SQ FT and took roughly 6 to 9 months to complete.
I like you enthusiasm and organized way of presenting the content. You make these ideas more accessible to the regular person that would like to start changing his/her life. Thank you. You have very nice positive energy.
Since a loan approval from a bank to a real estate LLc is more difficult, especially for a starter, is it a good idea to buy a property as an individual then create a management company as an LLC as you grow and will this LLC MANAGEMENT COMPANY will protect you and your rental properties in case something went wrong not with the bank but with tenants etc? Thanks for the great content.
I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .
I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.
The housing market has always had its ups and downs, but it's true that this time feels different. Having a portfolio manager will save you a lot in the market , My portfolio currently has 200% increase last couple of months with the help of my advisor.
in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of lose.
There are many financial coaches who excel in their profession, but for the time being, I employ “Annette Christine Conte because I adore her methods. You can make research and find out more.
I set up a call with her and am really grateful that I did. I copied and entered her name into my browser and it came up in the top search results. I've seen comments about advisers but not one who looks this amazing.
Do you need to think about things like putting your property in an LLC if it’s your first? Do you recommend self managing up to a number of properties? Great video, thanks!
Karlton, great video and logical steps. 28 years in mortgage lending so the advice of forming your team of advisors will make new investors momentum strong.
Awesome Karlton! Can you make a video on investing in real estate in a city or state you don’t live in. For example, what to look for when you are not there to see the property.
I’m 19, my credit score is 745, and on top of that I don’t even own a credit card. I just struggle with saving up the money needed to start because there is always something I need to pay for that resets me back to step 1.
You’ve gotta earn more money, the solution is simple. Doing it is the hard part, especially if you’re busting your ass already.. Which I’m sure you are.
Good afternoon, could you please tell me if it's necessary to open an LLC or another type of business entity if I start dealing with real estate using your strategy?
This video provides a step-by-step guide for buying your first rental property, covering topics like preparing down payment funds, building credit, speaking with lenders, choosing property types, conducting research, getting pre-approved, making offers, completing inspections, and closing on the property.
Karlton listens quickly I have watched your videos about linking llc creating a pyramid of LLC that requires a switch to S-CORP ....... I will schedule a call with your team soon........
I live in Europe and thanks for your good content.My question is this,I’m considering to go into real estate and buy my first property/apartment which is what most people use as rentals here but I don’t have a down payment so I’m considering into taking a loan from online loan apps and use as my down payment and after calculation I’ll have cash flow at the end of the month if I actually buy this property.I don’t know if it’s a good idea.
After the NAR lawsuit dropping a realtor and picking up another one is more difficult because you signed a contract your old realtor may still get a piece of the pie if you buy a house
Sir Dennis, How do i get profit? I get monthly rental income, and i pay off the expenses such as maintenance and mortgage, and the loan payment as well. Essentially restricting my profits...
You should follow Pace Morby. He teaches you how to buy rental property or any property by creating finance to where you don’t even use a bank run your credit or have to use a down deposit of any kind.
Yes but understand risks involved. Better control existing debts( credit cards, loans…)before getting into a new one. More importantly have a budget with a decent positive cash flow.
VA Home loan baby!!!! No down payment required and no PMI AND a slightly lower interest rate compared to conventional. AND with at least a 640 credit score you’ll get the same rate as someone with a higher credit rating. 💰 🏠
I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2026. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who were forced to witness the 2008 financial crisis could expect to generate a large wage.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Finding financial advisors like Lisa Grace Myer who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I located her through google, sent her an email, and scheduled a call; hopefully, she will reply because I want to start the new year off financially strong.
I'm sorry but with these prices and interest rates, almost impossible to find a positive cash flow property from the get go unless you find a property in stress.
Hello Karlton, can I qualify as an active business with material participation to receive paper loss depreciation if I make at or around $150k on W2? Thank you and God bless!
so basiclly have hundreds of thousands in the bank, rich parents to co sign because normal people dont have 720 credit and life will be easy for you.Got it.
Great video per usual!! I stayed up after a 17 hour day to way information I already knew because I knew you’d explain a simplified version of what my chaotic mind is thinking lmao #KeepPushing 🦾
VA Home loan baby!!!! No down payment required and no PMI AND a slightly lower interest rate compared to conventional. AND with at least a 640 credit score you’ll get the same rate as someone with a higher credit rating. 💰 🏠
Subscribe to the channel to help us reach 1 million subscribers!
😢😢😢😢 0:26 😅uuuǰu
Done ✔️ Thanks for the value you provide
I'm starting the process this year of saving money and building my credit. I will be buying my first rental property at the top of 2026. Great video, thank you for the information and tips
No one cares
Congratulations! You got a goal and you’re sticking with it
Right
Brother thank you for not making so many people go throught a program for this steps. I’m super super super glad and happy of how simple and water down you explained this… after watching I feel so confident that it’s very doable and all I need to do is prepare myself for each step along the way. Again thank you!
I’ve owned rental property for years. It’s an excellent investment. I started by using my VA loan to purchase a 4-unit
can you elaborate on your experence owing a 4-plex ? Currently looking to acquire one. Also was your distressed and did you reno ?
@ 4 plexes are great because unlike a single family house if you have a vacancy you still have 3 other units rented which pays the bills. Don’t buy older buildings with old school utilities where the landlord pays the utilities and you add into their rent. You want separate utilities per unit. Minimum 2 bedroom units easier to rent. Do good cashflow analysis so you know it will support itself plus pocket you money monthly. My 4 plex was not a rehab. It was rented out already which takes the burden off you.
Thats illegal!
@@fineth9319 What's illegal? Using a VA loan to purchase investment property? Are you sure it's illegal?
You are what we call a barracks lawyer. If it was illegal to buy a 4-plex with a VA loan, guess what……they wouldn’t fund them.
As a commercial real estate lender, this is a great video. 1 thing that I'd add for consideration is construction. You can build modular units for a fraction of the cost and get a better product.
Could you please elaborate more? Like buy a plot of land and build homes on it? Or what?
But isn't it harder/different to get mortgages(especially term and rate) on modular homes compared to a standard home loan.
@610srtgang2 good question. Some construction lenders aren't comfortable with modular construction yet only because they don't know how to encumber the collateral until the project is done. More are starting to come around to it. With that said, getting a mortgage post construction is as simple as it is for a normal stick build. especially when the property is cash flowing with a decent occupancy rate. I personally do agency and HUD perm loans for my portfolio. Best product for what I do. It all just depends on your plans for the property, short - and long-term goals.
@@610srtgang2 Not at all. Some lenders still do not understand how to structure a loan for modular development. It's becoming more a common build for developers due to the cost effectiveness and speedy build time. For example, my company started a modular multifamily project with 120 units which from start to finish, was only 3 months and built at roughly $110 per SQ FT. A stick build would have costed roughly $250 to $300 per SQ FT and took roughly 6 to 9 months to complete.
Can’t lie I’ll stop what I’m doing to peep the content. Keep it coming!
I like you enthusiasm and organized way of presenting the content. You make these ideas more accessible to the regular person that would like to start changing his/her life. Thank you. You have very nice positive energy.
I already have a small cleaning business in CA, and now I'm interested in learning about real estate investment. Your video has been so helpful. 👌
Bro whos your video editor?
I avoid all properties that have HOA’s….. the HOA fees usually increase yearly and kill your cash 💰 flow 💔
Since a loan approval from a bank to a real estate LLc is more difficult, especially for a starter, is it a good idea to buy a property as an individual then create a management company as an LLC as you grow and will this LLC MANAGEMENT COMPANY will protect you and your rental properties in case something went wrong not with the bank but with tenants etc? Thanks for the great content.
This dude explained really well.
I've been watching the housing market closely, Prices have been skyrocketing for years. It's going to be tough for first-time buyers to enter the market." how can one diversify $280k reserve .
I agree, It's not just the prices, but also the increasing interest rates that are making it more difficult for people to afford homes. With a good FA you can make up your portfolio.
The housing market has always had its ups and downs, but it's true that this time feels different. Having a portfolio manager will save you a lot in the market , My portfolio currently has 200% increase last couple of months with the help of my advisor.
in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention , been a lot of lose.
There are many financial coaches who excel in their profession, but for the time being, I employ “Annette Christine Conte because I adore her methods. You can make research and find out more.
I set up a call with her and am really grateful that I did. I copied and entered her name into my browser and it came up in the top search results. I've seen comments about advisers but not one who looks this amazing.
Thank you Karlton this is just what I was looking for! This training was so awesome appreciate all that you do!
Thank you 🙏🏼
Question, is better to buy a land? And build?
Do you need to think about things like putting your property in an LLC if it’s your first? Do you recommend self managing up to a number of properties?
Great video, thanks!
Honestly I wouldn’t. In some states if it’s in an LLC you have to have an attorney when evicting someone.
"Thank you", Mr. Dennis. Your video was one of the most informative videos I've seen that explain the process. You're amazing!!!!👍👍
I love your content because it's flawless every time. I will always watch these videos bro, thank you
What are your thought on using business credit to acquire a cash flowing property
Great video and Advice 💯
Your channel is so much value!! THANK YOU!! Will be calling you to help me plan/structure for LLc/Scorp for short term rental.
Karlton, great video and logical steps. 28 years in mortgage lending so the advice of forming your team of advisors will make new investors momentum strong.
Awesome Karlton! Can you make a video on investing in real estate in a city or state you don’t live in. For example, what to look for when you are not there to see the property.
Thank you for taking your time to teach us. You are a blessing sir.
Very helpful video. Thank you 👍
great Channel
Good job Karlton!
🙏🏽🙏🏽🙏🏽🙏🏽🙏🏽
⭐️⭐️⭐️⭐️⭐️
Bring it on. Awesome content back to back 👏🏼
I’m 19, my credit score is 745, and on top of that I don’t even own a credit card. I just struggle with saving up the money needed to start because there is always something I need to pay for that resets me back to step 1.
You’ve gotta earn more money, the solution is simple. Doing it is the hard part, especially if you’re busting your ass already.. Which I’m sure you are.
Your the man thank you
Good afternoon, could you please tell me if it's necessary to open an LLC or another type of business entity if I start dealing with real estate using your strategy?
That is awesome bro. Congratulation!
Great content as always! Thanks
Can I use a VA loan
i am looking to buy quad duplex this year.
do you know of any straightforward and honest real-estate agent, Mr. dennis?
Thank you this information was priceless and much needed. God bless you.
I would love to start realestate business.
Using creative finance is a great way to lower the typical entrance barrier to real estate
Can you provide some examples?
Pretty sure thats like venture capitol, or other loans that you dont tell the lender is loan money and say its cash@gold3nhorus
This video provides a step-by-step guide for buying your first rental property, covering topics like preparing down payment funds, building credit, speaking with lenders, choosing property types, conducting research, getting pre-approved, making offers, completing inspections, and closing on the property.
I have a VA loan. Just found out I can buy a multi unit.
How much more is the average lending rate from private equity investors?
Karlton listens quickly I have watched your videos about linking llc creating a pyramid of LLC that requires a switch to S-CORP ....... I will schedule a call with your team soon........
What video is it? I'm interested in doing this
How do you start wholesaling?
karlton are you able to recommend a trusted credit repair source?
I live in ny, is it a good idea to buy my first rental property in Cleveland Ohio
Preciate your videos!
I live in Europe and thanks for your good content.My question is this,I’m considering to go into real estate and buy my first property/apartment which is what most people use as rentals here but I don’t have a down payment so I’m considering into taking a loan from online loan apps and use as my down payment and after calculation I’ll have cash flow at the end of the month if I actually buy this property.I don’t know if it’s a good idea.
Missing point!!
Did you set up an LLc to purchase the investment property?
After the NAR lawsuit dropping a realtor and picking up another one is more difficult because you signed a contract your old realtor may still get a piece of the pie if you buy a house
can i use federal credits to offset the purchase price if rental purchase mr dennis
Good stuff!
Thank you
Well done 👍
Where you getting these long sleeve polos from, Chief?
Thanks karlton!
What about getting approved for dscr loans if you have an LLC? Do banks approve you for a dscr loans?
can you buy a property with no credit?
Sir Dennis, How do i get profit? I get monthly rental income, and i pay off the expenses such as maintenance and mortgage, and the loan payment as well. Essentially restricting my profits...
That’s good 👏🏽👏🏽👏🏽
8:52 bro sounds like he’s speaking from experience 💀
Yup! Cheers🥃
I am planning to buy and rent property and would like your help. 😅
How do you buy real estate property with a section 8 voucher ?
You should follow Pace Morby. He teaches you how to buy rental property or any property by creating finance to where you don’t even use a bank run your credit or have to use a down deposit of any kind.
You need to write a book
Can you use home equity to invest in a rental?
Yes but understand risks involved. Better control existing debts( credit cards, loans…)before getting into a new one. More importantly have a budget with a decent positive cash flow.
Military veteran looking to buy another property in 2025.
Where are you based?
VA Home loan baby!!!! No down payment required and no PMI AND a slightly lower interest rate compared to conventional. AND with at least a 640 credit score you’ll get the same rate as someone with a higher credit rating. 💰 🏠
I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2026. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?
Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.
You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who were forced to witness the 2008 financial crisis could expect to generate a large wage.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Finding financial advisors like Lisa Grace Myer who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
I located her through google, sent her an email, and scheduled a call; hopefully, she will reply because I want to start the new year off financially strong.
Why not 100%???
You are awesome! Thank you for this information.
I'm sorry but with these prices and interest rates, almost impossible to find a positive cash flow property from the get go unless you find a property in stress.
You should be trying to find something in stress anyways…to build equity
KD is Legit
Hello Karlton, can I qualify as an active business with material participation to receive paper loss depreciation if I make at or around $150k on W2? Thank you and God bless!
You could gave the business credit gems in step 1 but I’m gonna assume u did it in step 2 lol
I clicked because he’s cute! I stayed for the knowledge ❤
You forgot DSCR Loan.
🔥🔥🔥
🔥🔥🔥🔥🔥🔥
Where I’m from real estate agents gate keep 😂
The fha thing isn’t entirely accurate
so basiclly have hundreds of thousands in the bank, rich parents to co sign because normal people dont have 720 credit and life will be easy for you.Got it.
👏
There ain't no way this guy started the video saying most best... bruh..
You lost me in the first 30 seconds when you're talking about loans 😬
Real investors use cash.
Please list why you’re an authority on this. Are you a business lawyer or CPA? You don’t even have the basics of an accounting degree!
CPA . He knows taxes like a boss
@@cabinmusikslapsyou might want to do your research. He is absolutely not a CPA. Not even an accounting degree. Come on!
@ False! Not even an accounting degree. Look up the requirements for a cpa and do better on your research.
hey @karltondennis should I create an LLC as a real estate investor and put the property under a LLC or trust? If so how do I go about doing that?
HAPPY NEW YEAR🫡
And thank you for the knowledge plus wisdom 🫡
Great video per usual!! I stayed up after a 17 hour day to way information I already knew because I knew you’d explain a simplified version of what my chaotic mind is thinking lmao #KeepPushing 🦾
VA Home loan baby!!!! No down payment required and no PMI AND a slightly lower interest rate compared to conventional. AND with at least a 640 credit score you’ll get the same rate as someone with a higher credit rating. 💰 🏠
🔥🔥🔥