Getting started and making your first deal

[Connor Mullen]

How did you guys do your first deal?

I've been on around 13-20 duplexes tours in the past 2 months. I did have one under contract, but I backed out because the inspection came back and it would cost too much to fix.

At this point I'm just going on tour after tour to see what duplex doesn't have any major issues. How do you guys recommend I make this process easier and quicker for myself?

[Guy Yoes]

Find a mentor to work with would be a good start. That would be an investor and not a realtor. Ask on here if there is anyone in your area who could answer questions for you. Look on BP for RE meet ups. Spend about 100 hours on here reading all the great free info and listening to podcasts.  That's my answer to your question.

Here are my questions:

Do you plan to house hack the duplex? Are you good at doing repairs and maintenance? Have you considered the area the properties are in? Do you plan to hire a PM? What is your plan?

I assume you have a job and enough for the down payment and half that for repairs, insurance, taxes and emergency funds if the property is not rented for awhile?