Jen & Stacy are running a free 5 Day Real Estate Investing Challenge, and you can register now. It opens with a Kickoff on Sunday, Nov 15, then live sessions Monday, Nov 16 through Friday, Nov 20, starting at 4 PM PT / 7 PM ET. The teaching runs about an hour. The idea is one clear step a day. Each day takes away one thing that keeps people stuck in research mode: not knowing where to start, not being sure you have enough money to invest, not knowing where deals come from, worrying the math is wrong, and not knowing who belongs on your team or what your first offer looks like. You have more resources than you think, and you will see what they are. There is no door knocking, no mailers and no paying for leads that go nowhere. It is all done remotely, so you invest where it makes sense instead of only where you live. This challenge is built around a first 2 to 4 unit property. It fits you whether you are brand new, already own single family rentals, or flip houses. Live attendees get bonuses in the chat, so show up live if you can. Register here: https://rmfi.academy/challenge

I’m David Giraldo, a UK property investor focused on finding good residential property opportunities and connecting with people who are serious about making progress in property. I’m here to learn from others, share what’s been working for me, and build genuine relationships with investors, deal sourcers, and people working towards their first deal. I’m also interested in exploring suitable property opportunities and potential collaborations across the UK. I know everyone is at a different stage, so I’d love to hear from you. Drop your comment below, it would be great to get to know everyone.

Hi everyone. I'm interested to know how you approach property deals, because we all have different ways of learning, making decisions, and finding opportunities. Imagine you come across a property that looks promising, but you're not quite sure whether it's the right deal for you. I’d appreciate the chance to ask: 1. What's the first thing you'd look at before deciding whether to go ahead with a property deal? 2. What's one thing you've learned about property investing that has really changed the way you think? 3. If you could give one piece of advice to someone working towards their first deal, what would it be? 4. what's the very first thing you look at when a potential property deal comes your way? There's no right or wrong answer here. I'm simply interested in hearing different experiences, learning from one another, and getting to know how other people approach property investing. Looking forward to hearing your thoughts.

If you have ever picked a market because prices looked low and rents looked high, this week's call is for you, whether your first multifamily deal is 2 to 4 units or 5 plus. When Stacy started out, she found a $40,000 house in Detroit that rented for $750 a month, and she bought. By the time she realized something was off she owned 10 or 12 houses there. She had expected about $500 a year in property taxes and got about $3,500, almost $300 a month of cash flow gone, and insurance came in a lot higher too. So let me tell you what you do instead. Check population growth, job growth and the ratio of prices to rents, and look at 10 years of data instead of one, because you are holding this property and want the trend. A $700,000 house in San Diego renting for $3,000 fails the 1% rule and is a quick no. Then pick up the phone. Ask the city planning department for its long-term plan to see where the city is investing, and call the Chamber of Commerce to find out how hard they are working to bring in employers. Replay is in the classroom: https://www.skool.com/the-first-deal-society/classroom/724478bc?md=12d93282fc17407c8cb6e4fee6115d19 Stacy teaches the 3-Day Deal Ready Intensive live. Tickets are $97 general admission and $197 VIP: https://rmfi.academy/apartments/aik/deal-ready-intensive

Here is your weekend assignment, and it is a short one. Name the person you need most on your team right now, and write down one step to find them. Every first deal runs on a small team. You need someone to find the deal, someone to fund it and someone to run the property once you own it. For a 2 to 4 unit property that is usually an investor friendly realtor, a local lender and a property manager. For a 5 plus unit property it is a commercial broker, a lender who looks at the building and a manager with multifamily experience. You do not need all of them this weekend. You need to know which gap is holding you up. Be honest. For most people it is one person, not five. Write it in the comments in one line: the role you are missing and your first step to find them. It might be asking a member here for a referral, calling two property managers in your market, or looking up lenders who do investor loans. Reading other members' answers is half the value. If someone names a gap you share, say so, and see what they are trying.