The first step, Buy, involves finding a property that needs work, but has potential. This could be a fixer-upper or a distressed property that can be purchased at a low price. It's like finding a great deal on a pair of shoes that need to be polished, but will look amazing once they're restored.
The next step is Rehab, where you fix up the property to make it attractive to renters. This could involve renovating the kitchen, bathrooms, and bedrooms, or even adding new features like a backyard deck. Think of it like giving your property a makeover, just like you would when preparing for a big date.
Once the property is rehabbed, it's time to Rent it out to tenants. This is where you start generating income from your investment. It's like renting out a spare room on Airbnb, but instead, you're renting out an entire house or apartment.
