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Your First Rental Property will open for enrollment in 2024.
Hop on our VIP List for more details and a 7-day sneak peek of our awesome course material.
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If so, you're in the right place. Here's what our students have said after graduating from our rigorous 10-week course:
"The course is just so comprehensive that when you...try to learn it and take all the quizzes and you're engaging with the course material, you level up your knowledge so much faster than you possibly could have if you were doing this all on your own and trying to figure it out as you go."
- KELSEY KASZAS | LOS ANGELES, CA
“The more I advanced in the course, the more I learned, the more knowledge I had, the more confidence I got. The more exposure I got to other people in the community...I could then have them either verify my assumptions or potentially give me pause, which then gave me more confidence and more direction to research things more...It all kind of worked off each other.”
- BRIAN KANTOR | BROOKLYN, NY
“I really appreciate how it's structured and it's so structured properly from beginning to end. This is what you need in the beginning -- this is what you need to understand.”
"[Paula] remembers what it was like to start out and she created this course to help those people who know nothing. And to not be scared, and show you that it's doable."
- SUGGIE OH | LAS VEGAS, NV
“Here's the deal: my time is short. I don't want to waste it chasing down information and then having to evaluate whether or not I trust it. I've already been following Paula and I trust what she says, so I'm just going to go ahead and do it.”
- NAKIA L. | ATLANTA, GA
Four years of development.
Two rounds of beta.
More than 2,300 confident, successful students.
We’ve ruthlessly vetted and fine-tuned this rental property investing course.
We’ve had more than 2,300 students come through our doors. We’ve gathered tens of thousands of data points in feedback from these students. We’ve made countless rounds of improvements and iterations.
Simply stated, we built this for excellence.
This is the course I would have wanted when I was starting out.
If you want to buy your first rental property, but you have questions, doubts or fears, this is for you.
The real estate investing course, Your First Rental Property, will open for enrollment again in 2024.
Join the waitlist to receive enrollment announcements and a free 7-day sneak peek of the course material!
Here’s everything you need to know about this course: the who, what, where, when, why and how.
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.
Here's an 18-minute video that explains who will benefit from this course. It covers all of the questions we've received from students:
Prefer to read? Just click on a question to see the answer!
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.
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.
Build a team! This course shows you how.
Investing out-of-state (without traveling there) is common. It's been a time-tested practice since long before the pandemic began. Many investors purchase properties from out-of-state, using the time and talent of their local team. We’ve been Facetiming, Zooming, Skyping and Slacking before it was cool.
We teach you how to build a team of agents, property managers, inspectors and contractors who will be your eyes, ears and boots-on-the-ground … so that you never have to leave home.
Yes! The group pacing is an option, not a requirement, and you have lifetime access to the course. You’re welcome to revisit the lessons anytime you’d like, or re-experience the class with a future cohort.
Many students find themselves off-sync with the student cohort midway through the material, usually after they take a vacation or get busy at work — and that’s normal and expected. We call it “Turtle Power.” You’ll see.
Beyond getting lifetime access to the course material, you also get lifetime access to all support. Our forums stay open year-round and our Teacher's Assistants are there to respond. Our Active Investor Mastermind calls happen every-other Tuesday, we hold Office Hours at least once a month between cohorts, and our support staff are always available to help you.
By the way, lessons are available on-demand so you can watch them whenever you want. The only aspects of the course that happen in "real time" are anything held on Zoom: Office Hours, Active Investor meetings, and Study Halls. Office Hours and Study Hall are recorded so that you can watch them later.
We've had many international students in the course who have had a fantastic experience learning the fundamentals of real estate investing. If you're international and you want to learn the principles behind how to analyze deals and become an intelligent real estate investor, this course will help you. But if you're looking for specifics about taxes or financing, we can't help. We can't tell you how to hire a contractor in Malaysia, and we don't know the specifics about banking or financing in Russia. However, what we cover at a high level, you can apply anywhere.
Heitor, a student who lives in France, went through the course and still found it valuable. He says, "If your goal is to buy a house, wherever it is, for an investment, and you're asking yourself if there's any missing piece of knowledge today that blocks you from going and doing it, the course is going to help you clarify each and every point...You get a crystal clear vision on all of the process. And I mean it because I was somewhere else where the process is not the same, but the building pieces are still so well-structured, that you can still sit through and do all the parallels that are necessary to build the base to go on and just crush it."
Here are my questions back to you.
First, how clear is your strategy? Do you have a clear plan for the number of properties you want to acquire, the cash flow and other profits that you want to meet for each property, the speed at which you'll make these acquisitions, and the metrics you'll use?
Second, how efficient are your processes and systems? Are you running a well-oiled machine with a strong team? Could you scale?
The answer to those two questions will shed light into whether you’re operating an efficient system that can continue to grow, in which case you don’t need any course, or whether you could benefit from structure, guidance, metrics, and systems.
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.
As the name implies (actually, as the name blatantly states), this is for beginners. Don’t enroll if you’re looking for overly-advanced strategies.
That leads to our next commonly-asked question ….
OMG give me a break.
There are no “secrets” shared in the course, and if any of those other “gurus” out there claim that they have “secrets,” they’re shady AF because that’s a gigantic load of baloney hogwash.
There are no “secrets” to real estate investing, just like there are no “secrets” to learning calculus or dental hygiene or trumpet playing.
You don’t take a class because the teacher will reveal (imaginary, nonexistent) “secrets.” You take a class because you want a guided, curated set of lesson plans that covers everything you need to know in logical, sequential order. You take a class because you want support and accountability from the teacher, the teachers assistants, and your fellow students. You take a class for access to the resources, spreadsheets, checklists, word-for-word scripts, email canned responses, and the business-in-a-box setup. You take a class for the quizzes that test your knowledge along the way and provide real-time feedback about your strengths and weaknesses. Duh, that’s what a class is.
That’s why you take classes in high school and college, and that’s why you take classes online.
You don’t take classes because someone is going to teach you the “hidden secrets” to anthropology or statistics or dog training. Right?
So please do me a favor and never believe anyone who claims that they’ll sell you a class that holds the “secrets to real estate success.” Barf. If anyone claims to have these, they’re spammy and they’re lying.
Okay, rant over.
Short answer: that's not what the course is intended for.
Long answer: Maybe.
If you’d like to learn about how to find, analyze, finance and renovate those properties, yes. But if you’d like to learn about the management, staging, furnishing and advertising of those properties, as well as specific vacation rental-related tax and legal implications, no.
My philosophy on vacation rentals is the following:
Have multiple exit strategies. Buy a vacation rental only if it also makes sense as a traditional 12-month rental.
You can earn additional money using it as a vacation rental. But if for any reason you can no longer rent the property on a short-term basis (e.g. if your city council outlaws short-term rentals in your area), you can revert the property to a 12-month rental and still be okay. In other words, you minimize risk by finding a property that could satisfy both uses.
For that reason, the sections in this course on finding, analyzing, financing and renovating apply regardless of your use of the property. But the sections on tenant management would not.
We also don't cover the unique needs of a vacation rental owner, like how to resupply consumables, manage cleaners, monitor utility usage, and handle sales and occupancy taxes.
That said, quite a few students have purchased vacation rentals with the knowledge they gained in the course, but we're primarily focused on long-term, buy-and-hold residential real estate. 🙂
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 200+ 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.
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…
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 just for the sake of having one goes against everything I teach in the course.
Getting spared from buying the wrong property is as important — if not more important — than buying the right one.
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, templates that you can use when you send emails, and direct access to me through live Q&A Office Hours every Monday during the 10-week period (aside from holidays).
We also have Teacher's Assistants who answer questions in the forums, so you're never without support. Our TAs are paid alumni of the course who give back to the community by providing insight, encouragement, and clarification along your journey.
Here’s an 18-minute video that explains what you get with the course and the material that we cover. This video answers the FAQs around what you can expect to learn (and what you won't learn).
If you enroll in this course, here's what you’ll learn:
How to analyze a rental property for its income stream and profit potential
How to search for a rental property, both locally and out-of-state, using both publicly-listed data as well as hunting for off-market deals
How to pay for a rental property, using both institutional (bank) loans as well as other creative methods
How to decide what level of renovation and improvement is fitting for the home, and how to speak intelligently with contractors so that you command their respect
How to navigate the complex process of purchasing the property (and how to spot pitfalls and red flags!)
How to attract, hire, evaluate, train and retain top talent
How to advertise for tenants, evaluate applicants, manage tenants, and process move-in/move-out day.
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.
The course is online-only. You can access the lessons on-demand, from any device, at any time.
Enrollment will open again in 2024. Sign up for the VIP waitlist to find out more.
Immediately upon enrolling, you’ll receive access to our Welcome and FAQ modules. We encourage you to move through the course with the group, so that you and your fellow cohort of students can interact in the forums, discuss the day’s lesson, bounce ideas off each other, and hold one another accountable for finishing the homework, quizzes and worksheets.
To encourage strong group cohesion, modules are dripped out at a set pace throughout the 10 weeks. Our students get better results when they work together!
You’ll receive a lesson, quiz and/or other prompt 5 days per week for 10 weeks. Set aside a minimum of 30 minutes per day, or roughly 2.5 hours per week, to go through the core lessons. Our lessons are robust; we've added resources and additional information based on feedback received from each cohort.
Of course, you have unlimited lifetime access to the course, 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. We call it “Turtle Power.” You’ll see.
Tuition for Your First Rental Property is $1,297 with one payment, or six payments of $249 each. This includes lifetime access to the course material and lifetime support from our team.
We make updates to the course constantly. We add new lessons and resources in between each cohort, our forums are always open, and our support staff is dedicated to your success.
6 monthly payments of
a one-time payment of
Anytime we add or update anything in the course, you have full access to these updates for free, forever. You're always invited to join Office Hours. You can re-experience the course with future cohorts anytime you want. You can review lessons again at your convenience. Our Teacher's Assistants are always in the forums, where we also have an active, thoughtful community of investors.
Once you enroll, you're a student for life.
We believe in being lifelong learners, and our support systems reflect this. Becoming a real estate investor doesn't happen overnight. It's a journey, and we're here for you each step of the way. Many of our students choose to review the course at different points because they find new takeaways each time.
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 is about the investment of ordering three 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 more than pay 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.
Here's what Your First Rental Property alumni are saying across our communities:
"The most helpful aspect of enrolling in the course was the road map the course provided that helped my
husband and I tackle this new-to-us real estate
investing venture together.
I'm not sure we would have had the courage to go through with the [duplex] purchase without the course.
And I know we wouldn't be as savvy in our decision-making - and there are a lot of decisions to be made - without
the information we got out of this course."
“This class has been an amazing confidence boost."
"I wish I had this 10 years ago.”
- JAMES GUANZON
"I didn't know enough about real estate to have
fully formed expectations going into the course,
however the end result blew anything I would've had in mind out of the water.
The level of detail for the immense scope of the course was awesome. The production made the content fun, interesting, and relatable, when it could've been
- ALEX LE
We open for enrollment twice a year, during the spring and fall. Our next enrollment period starts in 2024!
If you’re interested and want more details, please join our VIP waitlist! That’s the place to go for any and all Your First Rental Property updates.
See you in class! — Paula
P.S. Remember to join the free VIP waitlist here. Our VIP list hears course updates first!