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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.

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