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Updated almost 8 years ago on . Most recent reply

User Stats

24
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4
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Javier Sanchez
  • Meriden, CT
4
Votes |
24
Posts

Any advice for someone just getting started

Javier Sanchez
  • Meriden, CT
Posted
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?
  • Javier Sanchez
  • Most Popular Reply

    User Stats

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    Chris T.
    • Investor
    • Downers Grove, IL
    955
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    Chris T.
    • Investor
    • Downers Grove, IL
    Replied

    @Javier Sanchez

    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! 

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