What are the most important steps when being under contract

[Austin Nieves]

Hi BP Community. I have been listening to all of the podcasts and have read two of your books. I am 25 years old and have made the leap of faith and am currently under contract on an 8 plex with some family in Arizona (I live in Newport Beach CA). The numbers were great going into the deal but I am curious what crucial steps I need to take while being under contract to make sure everything works out. We have completed the inspection and now waiting for the response from the selling agent with the list of repairs that we have requested to be repaired. Aside from the inspection and being pre-approve is there anything else that I can do?

Any advice or tips would be much appreciated! 

[Jason D.]

You will need to formally apply for the mortgage. The bank will probably send out an appraisal to make sure the property is worth what you have offered to buy it for. Then you will deal with whatever the lender needs from you to complete the loan.