Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

9
Posts
4
Votes
Dudley Antoine
  • Real Estate Investor
  • West New York, NJ
4
Votes |
9
Posts

Preparing for first investment

Dudley Antoine
  • Real Estate Investor
  • West New York, NJ
Posted

Hi all,

First time posting. In preparing for a first investment, what stages and phases should i do commit to first? Do I lower my debt to income, then continue to build savings for initial down payment or save as much as I can and slowly cut down on my consumer debt? Lastly, how far out or how soon should one consider looking for a potential investment? I look at multiple homes per day, talk to friends who invest and reach out to realtors just to build good habits and get familiar with things. Despite this, im not ready and dont want to waste a realtor or anyone elses time.  In summary, timing and order of operations are my concerns. Any helps, links or tips would be greatly appreciated.  

Most Popular Reply

User Stats

9
Posts
4
Votes
Dudley Antoine
  • Real Estate Investor
  • West New York, NJ
4
Votes |
9
Posts
Dudley Antoine
  • Real Estate Investor
  • West New York, NJ
Replied

Update- 4 years later and I'm 2 rentals in. Looking for my 3rd.

Loading replies...