Afford Anything

  • Start Here
    • About
    • Team Afford Anything
    • Media
    • Questions?
  • Blog
    • Binge
  • Podcast
    • Binge
    • Sponsors
    • Ask a Question
    • Guest Guidelines
  • Community
  • TV
  • Explore
    • Your First Rental Property
    • Travel
    • Start a Blog
    • Earn Extra Income

April 3, 2019Written By Paula Pant

This is the article I’ve waited for three years to publish …

Your First Rental Property is open for enrollment in April

After four years of development, I’m ready to make the announcement.

The rental property investing course, Your First Rental Property®, is ready.

Here’s everything you need to know about this course: the who, what, where, when, why and how.

Okay, now for the details…

Who Should Enroll?

Your First Rental Property® is designed for beginner, first-time real estate investors in the United States who want to buy-and-hold residential rental property. It takes you through, step-by-step, all of the processes you need to know in order to go from beginner to investor.

“Will this course help me if I own rental properties, but have no idea how to manage them?”

Yes. If you’re an accidental landlord, or you don’t feel well-equipped to manage your existing rentals, or if you want to invest in more properties but don’t know where to start, then the material in the course will help. Basically, if you’ve been winging it as a landlord, this course will give you more confidence to manage your rental property business.

That said, because Your First Rental Property® is specifically aimed at beginners who are buying their first or second rental property, we don’t recommend it for experienced real estate investors. There are no secrets shared in the course, and you won’t find any overly-advanced strategies.

You will find a framework from which to think about rental property investing, but if you’re comfortable with your current strategy, you likely don’t stand to benefit from this material.

“I want to invest out-of-state. Should I enroll?”

Yes. This course is designed for both local and out-of-state investors. Our only assumption is that you live in the U.S. and that you want to invest in residential rental properties anywhere inside the U.S.

People outside of the U.S. are welcome to enroll in the course, and can learn the concepts and high-level critical thinking. But specifics about taxes, laws, banking and resources will be U.S.-based. For example, I don’t know the capital gains tax rate in Sweden. I don’t know the average cost of replacing an asphalt-shingle roof in South Korea. I don’t know about lending requirements from banks and credit unions in Malaysia. Our assumptions within this course are U.S.-centric.

“I’d like to buy a rental property in the next 2-3 years, but I don’t have a downpayment saved yet. Should I enroll?”

Yes, and congratulations on getting a head start. This is an excellent time to learn how to analyze, find and finance deals. If you start learning 2-3 years before you’re ready to buy, you’ll be super-knowledgeable and confident by the time you’ve saved your downpayment. And if you’re ready to buy a rental property soon (like this year), then this is a critical time to learn how to choose a great rental property.

“I’m up to my eyeballs in credit card debt, and I don’t have an emergency fund. Should I enroll?”

Heck NO!! If you are financially struggling, please do not enroll in this course. If you’re stressed about bills and you’re in a tough financial situation, this course is not right for you at this time.

I’ve published hundreds of free articles on my website and more than 180+ free podcast episodes that can help you save money, earn more, start a side hustle, and get out of high-interest consumer debt. If you’re financially struggling, stick only with my free material. Stabilize yourself first.

“How many Your First Rental Property® students buy their first property right after taking the course?”

Great question! We have a handy chart that answers this. We surveyed our students on when they plan to buy their first rental, and they said…

Chart depicting when students of YFRP plan to buy their first rental property

As you can see, most of the students in the course don’t plan on buying their first rental property right away. This makes it hard to answer the question, “How many students have purchased their first property after taking the course?” as many are still in the research and planning stages.

Further, buying the right property is crucial to this process. Rushing to buy a property for the sake of having one goes against everything I teach in the course.

What’s Inside This Course?

The course consists of educational videos, audio, transcripts, quizzes, worksheets, forums, checklists for your business systems and processes, word-for-word scripts that you can use when you make calls, canned responses that you can use when you send emails, and direct access to me through twice-weekly live Q&A Office Hours.

Here’s a 5-minute video that explains what’s inside the course. This video is part of the Welcome and Orientation portion of the course.

What Will This Course Cover?

This 12-minute video explains it well. The video is part of the Welcome and Orientation portion of the course, and within this video, I discuss why the course modules are arranged in the order in which they are. When you watch it, you’ll get strong insight into what’s inside the course — and why it matters.


By the end of this course, you should be able to:

  • Evaluate properties to see whether or not they’re a good deal
  • Find properties that most “retail buyers” aren’t finding
  • Understand a wide variety of different types of financing options
  • Negotiate for properties with improved skill
  • Understand the process of closing on a property
  • Understand the components of a house and be fluent in “contractor-speak”
  • Estimate repair and renovation costs
  • Build a team: agent, contractors, property managers
  • Screen and evaluate tenants
  • Set up a methodical system for tenant turnover (such as move-in // move-out processes)
  • Understand business and tax information related to rental property investing

You WILL NOT learn about:

  • Flipping houses
  • Commercial properties (such as investing in mobile homes, offices, retail space, apartment complexes greater than 5+ units)
  • Lease-purchase options

Where and When?

The course is online-only. You can access it from any device, at any time.

Enrollment will open on November 30th, 2020. If you’re interested in updates, then you can sign up to our VIP list here!

When you enroll, you’ll receive a video lesson, quiz and/or other prompt 5 days per week for 11 weeks. Please set aside roughly 30 minutes per day, or 2.5 hours per week, to learn the material.

Of course, you have unlimited lifetime access to the class, including all future updates. The group pacing is an option, not a requirement. You’re welcome to revisit the lessons anytime you’d like, or take the class at a self-directed pace.

Many students find themselves getting off-sync with the student cohort midway through the material, usually after they get sick, take a vacation or get busy at work — and that’s normal and expected. In fact, we even have a special spot in the forums for our self-paced students. We call it “Turtle Power.” You’ll see. 🙂

Why Should I Join?

To save yourself from making an expensive mistake. (I’ve made plenty of those!) You can learn from the school of hard knocks, or you can learn in an online classroom.

Tuition for Your First Rental Property® is $997, about the cost of ordering two housing inspections. It’s significantly less than you’d pay for a single class at a 4-year college or university. It’s substantially less than the fees and closing costs of just one refinance.

If this class can save you from losing/forfeiting $5,000 in an earnest money deposit, or if it can teach you to negotiate for an extra $7,000 in closing cost concessions, or if it can prevent you from taking out the wrong type of loan and spending $3,000 in refinancing fees, it will have more than paid for itself. As you continue to make smart decisions about rental property investing, this course will pay for itself over and over again.

If this class can spare you from buying the wrong rental property, just once, it could save you from making a six-figure mistake.

How Can I Enroll?

We’re re-opening for enrollment on Monday, November 30th! If you’re interested and want more details, please join our VIP list! That’s the place to go for any and all Your First Rental Property updates. 🙂

— Paula

 

P.S. “When will you be offering the class again?”

We’re opening for enrollment on Monday, November 30th! Again, if you’re interested, you can join the VIP list using that link, and you’ll start receiving updates on the course.

P.P.S. “Is there a refund policy?”

Yes! The course has a 14-day money-back guarantee. If, during the first 14 days, you decide it’s not for you, let us know and you’ll receive a full refund – no questions asked.

Tweet
Pin
Share
Take Action
  • Track your net worth.
  • Earn more! Start a blog in 5 minutes.
  • Travel the world for free. See my favorite cards for free airfare.
Tweet
Pin
Share

Want More Helpful Stuff? Check Out My Most Popular Posts

What if We Quit Setting Goals? (Seriously?)
I Don’t Know How to Invest and I’m Afraid of Making Expensive Mistakes
The Incredible Power of 10x Thinking
I Tracked My Time in 15-Minute Increments for a Week. The Results are Embarrassing.
How Much is Enough?
Mini-Retirements, Semi-Retirement, Early Retirement — What’s the Most Awesome Lifestyle?

Posted in: Real EstateTagged in: rental property investing, yfrp, your first rental property

16 Comments
Leave a Comment
  1. Aimee Hazuda

    # April 9, 2019 at 2:34 pm

    I inherited an empty property with no mortgage that I want to convert to rental property. Will this course help me immediately? Once I gain experience with this property I want to expand.

    Reply ↓
    • Erin @ Team Afford Anything

      # April 9, 2019 at 7:48 pm

      Hi Aimee – yes, we’ve had a few ‘accidental landlords’ go through the course to figure out how to navigate turning a property into a rental, with real systems and processes, rather than just winging it. =) I recommend watching the 12-minute video that explains the modules and course order, so you can get a better idea of what topics are covered and how they might apply to your situation. Otherwise, you get immediate access to the entire course as soon as you purchase, and you’re welcome to go through it at your own pace, so it can help quickly, depending on how much time you have to dedicate to the learning.

      I hope that makes sense and helps answer your question!

      Reply ↓
  2. Greg @RetireBy36

    # April 23, 2019 at 10:35 pm

    Awesome! I’m currently saving up for my first rental property 🙂 Do you have any suggestions on markets that are good to buy in right now?

    Reply ↓
  3. My Active Agent

    # April 25, 2019 at 11:36 am

    I have many real estate investments. I started with manufactured homes on lots. For over 20 years I have grown my portfolio. I was able to retire at 38 years old. I can offer 2 pieces of advise. 1. Stay in your niche, don’t get bored an explore. 2. Be patient.

    Reply ↓
  4. bubbles

    # April 29, 2019 at 6:38 am

    Amazing!! Any modules on commercial properties?

    Reply ↓
    • Erin @ Team Afford Anything

      # April 29, 2019 at 12:01 pm

      Hi there – no, this course is strictly focused on the strategy of buy-and-hold residential rental properties. If you’re talking about multi-family buildings that are larger than 4 units, or apartment complexes, rather than something like office space or storage units, there might be a little crossover in the Finding, Renovating, Buying and Negotiating, and Tenant Management modules. Hope that helps!

      Reply ↓
  5. bubbles

    # April 29, 2019 at 3:45 pm

    Thanks! Sounds like a great course for those interested in residential. Much harder to find for commercial.

    Reply ↓
  6. Paul

    # May 1, 2019 at 12:46 pm

    Let me tell you, If I were going to buy my first rental property, it’s not even a question, I’m buying the course. If you aren’t willing to take a $1000 intelligent risk then you need to change your mindset and come back to this course.

    And I agree, if you’re financially struggling, stabilize yourself first.

    Reply ↓
  7. Malia Kainoa

    # May 18, 2019 at 9:42 pm

    Hi Paula. I’ve been lurking for awhile and wanted to comment on how much you have inspired me to put one foot in front of the other and make changes in my own life. Like building a side hustle and more savings and when it’s available again hopefully I will get to join your Rental Property Course. Thank you for sharing and being masterful with how you do it.

    Reply ↓
  8. Mike Besani

    # May 21, 2019 at 6:56 am

    Thanks for sharing about this! I think I really need this to make my 2 rental properties more profitable. I don’t know what’s wrong with my approaches. Is it the price or the place? I’m really not sure about that and I hope to learn everything I should in this online course. If its also designed for property owners who rent their properties, then I hope that at the end of the course, I will have new great deals and that my properties will never be vacant again for long.

    Reply ↓
  9. Peggy Sue

    # May 29, 2019 at 1:16 pm

    I am really interested in investing in rental properties, but so afraid at the same time (I don’t have the time / money to move forward on my own with a rental property). I live in CA, where properties are very expensive.

    However, I recently stumbled on companies like Fundrise, where you can invest in real estate in smaller amounts (w/o having to manage/fix/ be super active in real estate investing process).

    What are your thoughts on investing in real estate through companies like these?

    Reply ↓
    • Erin @ Team Afford Anything

      # May 29, 2019 at 2:23 pm

      Hi Peggy – thanks for stopping by! Paula addresses this question in this podcast episode, at the very beginning: https://affordanything.com/144-ask-paula-what-do-you-think-of-real-estate-crowdfunding/

      I hope that helps!

      Reply ↓
  10. Paul

    # August 15, 2019 at 2:44 pm

    If You won’t spend $1000 on an intelligent risk, you’re not ready to spend five or six figures on an intelligent risk.

    “My cousin did it without the aid of a course!”

    He was lucky to not make a expensive mistake. Now this course is available, buy it to save yourself expensive mistakes.

    Reply ↓
  11. Brandon

    # August 30, 2019 at 8:07 am

    Hello! I am a homeowner in GA (brought my house one year ago), but I am moving to FL for a new job and to be closer to family. Would this course be helpful for someone who has a conventional mortgage and is looking to convert their once primary home into rental property?

    Reply ↓
    • Erin @ Team Afford Anything

      # August 30, 2019 at 9:59 am

      Hi Brandon! We have several students in the course in this position, and they have found it helpful in terms of conceptualizing it as a business. We have modules on Building a Team (if you want to outsource the management), Tenant Management (if you want to self-manage parts of it), and Renovations (if you ever want to make upgrades).

      That said, I think the course would be more valuable if you were looking to expand and add more units to your portfolio, since it does cover the entire searching, financing, and buying process as well.

      We offer a 30-day money-back guarantee, so if you find that the course isn’t as helpful for your situation, you can ask for a refund within those 30 days.

      I hope that helps!

      Reply ↓
  12. Jimbo Guanzon

    # October 2, 2019 at 1:19 am

    Outstanding Stuff Paula! I’m on Day 1 for your 2nd Cohort of YFRP. I’m impressed with everything! The video production, the transcripts, the quizzes, and especially the forums! Based on the recordings, The office hours are the best feature to come! Can’t wait !

    ~ALOHA~
    jimbo

    Reply ↓

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Binge
  • Questions?
  • Contact
Join 60,000+ subscribers who get free email updates.

© 2020 Afford Anything. Designed By Wilnau Design. Built by Zach Swinehart. Disclosure

© Copyright 2011 – 2021 Afford Anything. All Rights Reserved.

Website by Zach Swinehart.

  • Start Here
    • About
    • Team Afford Anything
    • Media
    • Questions?
  • Blog
    • Binge
  • Podcast
    • Binge
    • Sponsors
    • Ask a Question
    • Guest Guidelines
  • Community
  • TV
  • Explore
    • Your First Rental Property
    • Travel
    • Start a Blog
    • Earn Extra Income

Afford Anything

  • Start Here
    • About
    • Team Afford Anything
    • Media
    • Questions?
  • Blog
    • Binge
  • Podcast
    • Binge
    • Sponsors
    • Ask a Question
    • Guest Guidelines
  • Community
  • TV
  • Explore
    • Your First Rental Property
    • Travel
    • Start a Blog
    • Earn Extra Income