Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
Preparing for first investment
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.