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Updated over 6 years ago,

User Stats

3
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2
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Sonnie Irons
  • Cincinnati, OH
2
Votes |
3
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Brand New in Cincinnati - Next Steps?

Sonnie Irons
  • Cincinnati, OH
Posted

Hello! 

I am a brand new investor who is interested in starting with house hacking. I have a down payment, and am hoping to get a 3 - 4 unit (or an excellent deal on a duplex) and live in one unit while cash flowing on the property as a whole. 

I am a little overwhelmed with next steps and was hoping you all could help me narrow down what I should do. I have a full time job, so I should be able to qualify for a mortgage. Below are the steps I think I should take:

1) Get pre-approved for a mortgage (either FHA or conventional)

2) Find a real estate agent (How do I find a good Investor friendly one in Cincinnati? Anyone have recommendations?) 

3) Start looking at properties (I have been looking on Redfin for about a month, running numbers on places that are interesting to me)

4) Buy!

Eventually I will need a Real Estate Lawyer and a local CPA. Can I wait until I own the property to do that? Or would it be a good idea to have a lawyer look over the lease of any existing tenants I inherit? 

Thank you!

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