No. 1 Best Piece of Advice at Square 1

[Brian Crawford]

Good day! This is Brian from near Houston, TX. My wife and I are going to start investing ASAP! We've begun our education process. I'm looking to know from those of you who have done this before. You can reply with any of these responses. 

Based on your very first deal:

What did you do the next time (that you didn't the first time)?

What did you NOT do the next time (that you did the first time)?

What did you do again (because it worked)?

[John Warren]

Hi @Brian Crawford

Based on your very first deal:

I bought a fourplex that was an incredible deal of the MLS near where I live in the Berwyn area. I was able to get most of my money back from a cash out refinance in month 7 of ownership.

What did you do the next time (that you didn't the first time)?

I bought a 20 unit apartment complext out of state in South Bend Indiana. Buying remotely has been an interesting experience thus far!

What did you NOT do the next time (that you did the first time)?

I self manage my first property because it is local. 

What did you do again (because it worked)?

I bought units that were similar (electric baseboard heat) because they make for very few no heat calls. 

I hope this helps!