Nate Hedrick and David Bright reflect on the past year, what they have learned, and share six considerations for making an offer and getting the deal.

Key Points From This Episode

• Reflections on a year of this podcast and the growth that our hosts have seen.
• The common theme that pharmacists are detail-oriented and risk-averse.
• Today's topic: how to avoid analysis paralysis and get started in real estate investing.
• The first of the six things to help with rapid-fire decision-making: setting your criteria.
• The second step: knowing your numbers, and where you can find helpful resources.
• A helpful rule of thumb: the 1% rule and how it works.
• The third step: understanding your area and what to consider when it comes to location.
• The fourth step: giving yourself an out and how this relates to writing the offer.
• The fifth step: gathering the data about the property.
• How to investigate properties from a remote location.
• The value of opinions from realtors, contractors, and home inspectors.
• The sixth step: making a team decision and how this plays out differently in pharmacies and real estate.
• Tips on how to go about building a team and some resources that may help.

Links Mentioned on Today's Episode

• Join the YFP Real Estate Investing Facebook Group
• YFP Real Estate Investing 47: 5 Things to Know Before Walking a House with Your Realtor
• YFP Real Estate Investing 03: Running the Rental Numbers with Blake and Zac
• YFP Real Estate Investing 50: Deep Dive Into Spreadsheet Analysis
• Download a FREE copy of the YFP Property Analysis Spreadsheet for Pharmacist Real Estate Investors
• YFP Home Buying Quick Start Guide
• YFP Real Estate Investing
• YFP Real Estate Investing 08: Ten Terms for Today's Market
• YFP Real Estate Investing 15: Long-Distance Rental Property Investing
• YFP Real Estate Investing 31: What Makes an Investor-Friendly Agent With HGTV's Lauren Risley
• Buying a home? Check out YFP's Real Estate Concierge Service to Find a Vetted Real Estate Agent in Your Area
• Find an Investor Friendly Agent
• Your Financial Pharmacist Disclaimer and Disclosures