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Updated over 6 years ago on . Most recent reply
![Michael Andre's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1085911/1621508643-avatar-michaela473.jpg?twic=v1/output=image/crop=960x960@0x0/cover=128x128&v=2)
Questions for a couple of new-comers
Hey everybody! My name is Mike and my wife and I are just in the beginning stages of investing and wanted to ask some questions and make some connections. I am an active duty Marine so my family and I are always moving and we really want to get into investing. Our questions are probably going to seem pretty stupid basic but I figured the best people to ask are the ones in the game now. So here are the questions:
1. Before buying our first rental property, do we need a business license(s)?
2. What is the first step? Is it finding a property? Is it obtaining licenses?
3. Is a duplex or threeplex the best place to start or if something bigger comes up, should we take advantage of that?
4. Any newcomer suggestions?
Thanks for the help!