What decisions do investors need to make to do their first deal?

[Joshua Dorkin]

Hey Guys -

I was hoping for your feedback on a process question we've been pondering.

What decisions do you believe an individual needs to make in order to close their first deal?

I'd love to hear your thoughts on those steps you underwent to get to your first deal.

e.g. (in no particular order)

• Decide on how you're going to finance the deal  
• Choose a farm to focus on
• Find an agent to work with 

Thanks in advance everyone.

[Brandon Sturgill]

I did a live-in rehab of a SFR with FHA lending. Purchased at $77k and put $10k into it over a year. Appraised at $125k...refinanced and pulled out $30k...rolled it into the next one...turned it into a rental property...not a bad way to get going. It rents now for $1,200 a month.

I didn't know enough to tell how good of a deal my first one was...but I knew enough to jump in and that I wouldn't totally sink. Newbies just have to go for it...this was the safest way I found. 

Thanks @Joshua Dorkin