How to Get From Start to Finish On a Deal

[Ian Pearson]

Hey BiggerPocket Community!

My name is Ian and I've learned a lot from here and other resources. I recently spent lots of time doing the math of different properties (which I find fun) and I believe I found one I want to pursue to get to the close! That said, as a first timer, I'm wondering what's the first step I should take in acquiring the deal. I emailed an investor and the East Coast Real Estate Investors Association (no word back from any just yet) so that I can raise the funds to get the money down. I also have a business in mind I'm planning to get the financing from, but I haven't reached out to them yet. 

I would love if I can get some words of wisdom on what I should prioritize doing first. Should I find a real estate attorney first? Should I contact the broker even though I haven't raised the money yet? Should I focus on securing the down payment from Investors first? Should I get the financing first? 

Thanks in advance for taking the time to read this and help! 

[Brian Pawl]

If you have all of your underwriting 100% accurate I would try to secure the financing first. If you approach the attorney or real estate agent before you have the means to fund the project, they won't take you seriously. On the flip side, they might have some contacts for you as well which could help you finance the property, but if I were in your shoes, I would hit up every avenue I could to secure affordable financing for your project before pursuing this further.