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How to Buy Your First Rental Property & Build Passive Income

2025-04-29 Education
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Minority Mindset
Minority Mindset
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Subscribe to Market Briefs (my daily financial newsletter) for FREE & get my investing masterclass as a bonus: https://link.briefs.co/47fp6UP My recommended tools*! *Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube. ---------- ➤ Get A FREE Consultation With A Financial Advisor 1) 💰 Money Pickle - Best for $100,000 - $3M+ In assets: https://theminoritymindset.com/advisor ---------- ➤ Life Insurance 2) 🛡 Policygenius - Get a free life insurance quote: https://theminoritymindset.com/policygenius ---------- ➤ Real Estate Investing Online 3) 🏠 Fundrise* - Invest in real estate passively! https://www.theminoritymindset.com/fundrise *Jaspreet Singh is an equity owner in Fundrise and has invested in Fundrise. He receives a commission if you use his affiliate link. ---------- ➤ My Favorite Credit Cards 4) 🪪: See my top credit card picks for this month: https://www.theminoritymindset.com/creditcards ---------- ➤ Invest In Stocks Passively 5) 📈 M1 Finance - Buy stocks & ETFs on autopilot: https://theminoritymindset.com/m1 ---------- ➤ Business Accounting 6) 💸 CommonWealth - Does your business do over $250k/year? If yes, get a free consultation from my partner accounting firm: https://theminoritymindset.com/tax ---------- Buy Gold Passively 7) 👑 Vaulted - Buy physical gold on autopilot: https://theminoritymindset.com/yt/vaulted ---------- Recommended: My WORST Real Estate Investment Deal - A Nightmare Property | Real Estate Investing 101 https://youtu.be/4-hnVtPCLms?si=hfAS53cFx29BiQyH The 7 Investments You NEED to Own for Life (So You Can Quit Your Day Job) https://youtu.be/ZRsXeRASQc0?si=UBLG0DJqI6CjuAKl What Is The Minority Mindset? "The Minority Mindset has nothing to do with the way you look. It's the mindset of thinking differently than the majority of people" ~Jaspreet Singh Follow me: Instagram: https://www.Instagram.com/MinorityMindset Website: https://www.TheMinorityMindset.com Want More 🥑🥑? Minority Mindset Clips: https://www.youtube.com/minoritymindsetclips Minority Mindset En Español: https://www.youtube.com/minoritymindsetenespanol Video host: Jaspreet Singh DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you. DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

Top Comments (10)

@roan33 2025-04-29

Story of my first rental property. I got started with an apartment in the Boston area. It was cheap, required renovation. But I pulled the trigger and went for it. Contractor was a nightmare, had to fire him after a month after getting nothing done, big loss. Had to find a contractor that would resume unfinished work, which is a nightmare in itself. Finally managed to find someone who would do it he finished the job and did a fantastic job. I was three months without a finished unit and no tenant, I was quite deep on the hole as the renovation budget exceeded what I wanted to spend. I manage to rent it out, it has positive cash flow, but my return was kinda crappy. Around 6%. I thought I messed up bad, but when it came time to do taxes declaring depreciation, mortgage, property taxes write off it all made sense. Not only that, rent went up since then and the property appreciated 10%. The journey was well worth the stress. I should be ready my next property by next year. If you decide to get into this, have plenty of cash for mishaps, that’s my recommendation.

117 5 replies
@MargotCrest 2025-05-01

I think this is good advice, but better for people who are closer to retirement. My opinion for young people is you need to be grounded , avoid debt. i save and invest around 40 percent of my income with a good nursing job, and I live upstate MN. My expenses are extremely low. I have zero debt on a 7 figure portfolio, low rent and car paid off. So i can just save. feel lucky and grateful my cfa Lois Elaine Wilson came into play.

49 3 replies
@operationretribution1263 2025-04-29

I bought for pennies on the dollar 08-14, and will again next year through until the market fixes itself yet again. My rental ROI is crazy because of how cheap I bought.

17
@foreign_chat_web 2025-04-29

Jaspreet, I would like to see a video of you telling the differences between real estate, REITs, real estate stocks, real estate index funds, etc.

17
@Princeofgames37 2025-04-29

More of this please 🙏🏽

16
@MinorityMindset 2025-04-29

Register for my free masterclass & get Market Briefs as a bonus: https://briefs.finance/436d8f WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!

13 1 replies
@markamark123 2025-04-29

Thank you random guy on youtube

12 1 replies
@JAYVEEFaithFamilyFun 2025-05-03

Ive been watching you for a year now and i just cant thank you enough. We are finally about to step out in our first rental property and here you go again with this gem amongst the many that youve shared through this channel. I could typ a paragraph telling you how much youve helped me and my family. but just wanted top say thank you.

7
@piast_kolodziej 2025-04-30

Insider trading on stock market is legal for politicians which is kind of insane.

7
@Preston_Smith96 2025-05-23

This was probably one of the most useful videos I've seen

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