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Updated almost 8 years ago on . Most recent reply

User Stats

23
Posts
3
Votes
Steve Peterson
  • Residential Real Estate Broker
  • North Aurora, IL
3
Votes |
23
Posts

First Investment Purchase Closing June 1st\]

Steve Peterson
  • Residential Real Estate Broker
  • North Aurora, IL
Posted

I am new to Bigger Pockets and am learning a lot reading all of the endless posts about RE.  I am closing on my first rental condo soon and I am trying to make sure it gets rented as soon as possible.  Here are the things that I have done already: I have calculated the potential improvements needed and also got a time frame for completion from a contractor.  I have a meeting set up to get land lord insurance as soon as I close on the property.  I have done extensive research and believe that I have a great grasp on what things are being rented for an I plan on renting my unit out competitively.  I was in the mortgage industry for numerous years and know that my closing will be fine.  I have also contacted the city to see inspection schedules to qualify my newly acquired property.

I feel like I have done most of what I can do while waiting for the close but am not sure.  I guess my question is, am I missing something?  For those that have done this before, any help would be greatly appreciated.  

Most Popular Reply

User Stats

23
Posts
3
Votes
Steve Peterson
  • Residential Real Estate Broker
  • North Aurora, IL
3
Votes |
23
Posts
Steve Peterson
  • Residential Real Estate Broker
  • North Aurora, IL
Replied

Those are good points.  I will be ordering my locks prior.  Thanks for the advice and good luck!

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