First Property Purchase - Tips Needed

[Kristiana Kenny]

Hello to all!

I have been thinking about purchasing a duplex in the greater New Orleans area, renovating it, and renting it out through AirBnB, and I need some tips!

I am currently enlisted in the military (Army) and my ability to go out and look for a home is on hold for the time being. Therefore, I am seizing the moment to read up and gather as much information I can get, so that when I am able to make a purchase, I’ll be readily prepared with the knowledge to do so. So I asked myself, “What better than to ask those with previous experience?!”

With that being said, I am asking anyone to share their experiences and offer tips they may have learned/picked up along the way.(preferably with MFH)

What were all of the steps taken to purchase your first property? What did you learn in the buying/renting process, and how is it coming along in the long-run, emotionally and financially. What advice do you have with finding the right people to work with (construction workers, agents, appraisers, etc.)?

So many questions, so eager to learn! Please share.

Thanks!