How did you start?

[Daniel Becker]

I'm currently saving up for a decent down payment on a property and have $12,000 saved so far. I'm wondering for those of you who have gotten a few deals in, how did you start once you had the money? Did you have people like a real estate agent, contractors, bookkeepers, a CPA, and all of those other roles already on your "team" or did you just purchase the first property and find people for those roles as you went? Thanks for any replies!

[Joe Funari]

@Daniel Becker @Tina L King Mike Dymski is absolutely correct. Start with an agent that is a fellow investor like myself. I am more than happy to share my preferred lenders that specialize in investment properties, home inspectors, contractors, landlord and builders risk insurance carriers, and CPA's that know to do cost allocation studies with my investor clients (that's how you know you have a CPA that knows real estate investing accounting). In short, all of the people that you need on your "team" that I have used personally, as well as, many of my clients for many years. No sense in you having to reinvent the wheel. Focus first on making sure to you have the cash for down payment and closing costs. That is the biggest hurdle that beginner investors have when starting out. Finding the right property regardless of your exit strategy is the job of a seasoned agent that is a fellow investor. So I got you covered there if you ever want to invest in the Dallas/Ft. Worth area. Hope this helps.