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
@ 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.
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!
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.
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.
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.
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!
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.
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’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.
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.
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?
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...
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
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. 💰 🏠
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.
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.
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.
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!
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
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
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.
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!
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.
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. 👌
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.
"Thank you", Mr. Dennis. Your video was one of the most informative videos I've seen that explain the process. You're amazing!!!!👍👍
Bro whos your video editor?
This dude explained really well.
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.
Thank you Karlton this is just what I was looking for! This training was so awesome appreciate all that you do!
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.
I love your content because it's flawless every time. I will always watch these videos bro, thank you
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.
What are your thought on using business credit to acquire a cash flowing 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........
Thank you for taking your time to teach us. You are a blessing sir.
great Channel
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.
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.
Thank you this information was priceless and much needed. God bless 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?
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
I avoid all properties that have HOA’s….. the HOA fees usually increase yearly and kill your cash 💰 flow 💔
That is awesome bro. Congratulation!
Missing point!!
Did you set up an LLc to purchase the investment property?
Great content as always! Thanks
karlton are you able to recommend a trusted credit repair source?
I would love to start realestate business.
I have a VA loan. Just found out I can buy a multi unit.
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...
What about getting approved for dscr loans if you have an LLC? Do banks approve you for a dscr loans?
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
How do you start wholesaling?
Bring it on. Awesome content back to back 👏🏼
I am planning to buy and rent property and would like your help. 😅
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. 💰 🏠
8:52 bro sounds like he’s speaking from experience 💀
Where you getting these long sleeve polos from, Chief?
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.
Preciate your videos!
Well done 👍
Good stuff!
Thanks karlton!
Can I use a VA loan
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.
How do you buy real estate property with a section 8 voucher ?
Thank you
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.
can you buy a property with no credit?
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
That’s good 👏🏽👏🏽👏🏽
Yup! Cheers🥃
You need to write a book
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 are awesome! Thank you for this information.
KD is Legit
Military veteran looking to buy another property in 2025.
Where I’m from real estate agents gate keep 😂
You forgot DSCR Loan.
🔥🔥🔥
🔥🔥🔥🔥🔥🔥
There ain't no way this guy started the video saying most best... bruh..
👏
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.
You lost me in the first 30 seconds when you're talking about loans 😬
Real investors use cash.
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?
And thank you for the knowledge plus wisdom 🫡
HAPPY NEW YEAR🫡
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. 💰 🏠
🔥🔥🔥