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Updated about 5 years ago on . Most recent reply

User Stats

24
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10
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Phillip Henderson
  • New to Real Estate
  • Oklahoma, USA
10
Votes |
24
Posts

Brand New buyer in the OKC and DFW market

Phillip Henderson
  • New to Real Estate
  • Oklahoma, USA
Posted

I am brand new and I am having trouble setting up my priorities. I am spending alot of time saving up capitol for my first buy and reading books on real estate and business practices. In my free time, I am scanning multiple real estate apps looking at properties. Should I stop looking until I get financing and if I should keep looking would it be more beneficial to speak with a realtor first or wait for the money before I involve an agent? 

Most Popular Reply

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1,460
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1,594
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Cassi Justiz
  • Rental Property Investor
  • Edmond, OK
1,594
Votes |
1,460
Posts
Cassi Justiz
  • Rental Property Investor
  • Edmond, OK
Replied

Hey @Phillip Henderson

I would recommend to start networking with people that are active in the area you are looking at. Start meeting investors, realtors, lenders, etc that are in the market you want to be in. 

You can always set up a initial consultation with a Realtor before you get pre-approved. They can help direct you towards investor friendly lenders. One thing I do when working with new investors is helping them select a target market and setting them up on MLS searches. While you build up capitol and read books, you can also start looking at deals and analyzing them. You can also go to open houses, look at rental listings, etc in the market you want to invest in. That way when you are ready to make your move, you can recognize a good deal AND you know what the normal houses in your market look like.

I see that you are in Oklahoma right now. If you are in the OKC market, I would love to send you a list of some of the network events that I recommend. There are a lot of different opportunities to network with investors in this area. 

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