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Updated almost 8 years ago on . Most recent reply
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Any advice for someone just getting started
Hi all,
My name is Javier and I have been wanting to start investing in real estate for years, but have not done so due to focusing on my full time career. However, I decided 2017 will be the year I start to make my real estate investment dreams come true. My goal is to purchase a minimum of one investment property this year (would love to double or triple that). I am focused on creating rental income through investing in multi-family properties.
Any tips or advice from the experienced investors on this forum for someone looking to purchase their first rental property?
Most Popular Reply
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1. Listen to all the podcasts and read all the BP blogs about rentals and multifamily investing.
2. Figure out how you will finance the property.
3. Find a realtor who is an investor (has rental houses and/or flip houses) to help you find a rental.
4. Go see X no of properties a week, and analyze the numbers. The more you analyze, the easier it gets.
5. Start making offers and eventually you will have 1 accepted.
Good luck!