First purchase nerves

[Spencer R.]

I am beginning to look to purchase my first multi family rental property and have lots of concerns that I may not know enough about the conditions of homes, quality of appliances etc. Being an investment analyst I am not too worried about the numbers and finances playing out, but instead making a good decision on buying the right home.

For example, I am 24 have never owned a home and am nervous for my lack of knowledge about things like quality of the roofing, quality of the hot water heater, the HVAC system, insulation, mold(?) etc etc. Those are just a few of the many aspects of a home but I think you can get the idea.

I am looking to hear from you all on things that I could do to better educate and prepare myself on going into a home and making sure I can make a more confident, informed decision to purchase a home as a newbie. I want to buy on the more conservative side and closer to a turnkey as possible (I understand ROI is not as good).

Thanks in advance!

[Nick Rutkowski]

@Spencer Resnik

Get a home inspector to look at the property. Google ‘home inspector’ and go with the best one you can find. They could save you thousands. Also, you could view these houses with a contractor you trust. Experience is the key to finding the best properties.