How did you recognize that you've found your first property?

[Anthony Siconolfi]

How did you know when to pull the trigger for your first property? 

Financial Stability: What financial milestones or stability measures did you want to achieve before making the purchase? Did you have a specific budget or savings goal in mind?

Market Analysis: How did you analyze the real estate market trends? Were there specific signs or indicators that made you confident about the timing?

Risk Assessment: What kind of risks did you consider before making the decision? How did you mitigate these risks, and what factors contributed to your confidence in your choice?

Exit Plan: Did you have an exit plan before purchasing your first rental property?

[Ali Nichols]

Some initial thoughts / how I looked at things: 

Financial Stability --> could I float minimum of 3 months comfortably if it was not rented? 

Market analysis --> Similar to the stock market don't get hung up on perfect timing. It comes down to horizon and macro economic fundamentals. So long as you are not looking to get in and get out and you are in it for long term, let time do it's thing. Now if you are considering flipping or any type of renting, depending on your market be cognizant of seasonality. 

Risk Assessment: Comes down to personal preference and situation. But of course different strategies have different risk levels (i.e. older homes, short term vs long term rentals, etc.)