Finding the first property

[Joshua Dean Yancey]

Our house is paid off and we have some cash in hand. 

We are looking at local properties in rural texas in a low crime, low unemployment and high growth area. 

I'll be honest the length of my experience is being the only person on the lease and making sure my roommates pay their portion of the rent.

I can figure out how to do credit checks and verify references but wouldn't mind some help. 

- JDY

[Anthony Dooley]

@Joshua Dean Yancey Don't worry about step #6 when you are on step #1. Find a property that you can buy, preferably one in distress. Know your numbers. How much it will rent for, expenses, etc. Use that to calculate your offer. Make a lot of offers until you get one. Interviewing a prospect is more telling than a credit check, in my opinion. A well managed property will do well regardless of the area.