Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Brand New in Cincinnati - Next Steps?
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!