40: 40 Quick Tips for Buying Your First (or Next) Investment Property

<p>Today’s episode of the BiggerPockets Podcast is a little different than normal – in a great way. To celebrate the 40th episode of the Podcast, Brandon and Josh spend an hour sharing their&nbsp;top forty tips for buying your first – or next – investment property.&nbsp;These tips range from marketing to working with agents to investing with a full time job and a whole lot more.&nbsp;Whether you are brand new or are an experienced investor, a flipper, wholesaler, or buy and hold investor – these tips are going to help you build your business and close more deals, faster.</p><p><a href="https://www.biggerpockets.com/bpp40-josh-brandon-podcast-transcript-40-tips-buying-investment-property" target="_blank">Read the transcript for episode 40 with Josh &amp; Brandon here</a>.</p><p>In This Show, We Cover:</p><ul><li>Working with&nbsp;investor friendly agents</li><li>Finding and lining up&nbsp;financing</li><li>The 50%, 70%, 1%, and 2%&nbsp;rules</li><li>Tips&nbsp;for inspecting property</li><li>Finding deals that are&nbsp;“off market”</li><li>Direct mail&nbsp;tips and tricks</li><li>Negotiation&nbsp;Tips</li><li>Hiring&nbsp;property management</li><li>Investing in real estate with&nbsp;a full time job</li><li>and a whole lot more!</li></ul><p>Special Thanks to This Week’s Sponsor</p><p>We just want to give a special shout-out to our very first sponsor ever here on the BiggerPockets Podcast –&nbsp;<a href="https://www.biggerpockets.com/blog/blog.memphisinvest.com/bp" target="_blank">MemphisInvest.com</a>. The team at MemphisInvest continues to provide incredible value to our community, so definitely take a minute to check them out if you are interested in turnkey rental property.</p><p>Visit them at&nbsp;<a href="http://blog.memphisinvest.com/bp" target="_blank">Blog.MemphisInvest.com/BP</a></p><p>Links Mentioned in the Show:</p><ul><li><a href="https://www.biggerpockets.com/blog/2013/01/17/losing-millions-house-flipping-podcast/" target="_blank">BP Radio Podcast 001: Building a Successful House Flipping Busin