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Updated almost 5 years ago on . Most recent reply
Step by step - 1st purchase
Hi,
I’m 20 years old and wanted to start investing as soon as I can. I’m new to everything when it comes to buying a property. I want to know step by step on how to find an investment property and how to get it under contract with subject to existing finance?
Could I go through a real estate agent?
Thank you I’m Advance
In Riverside County, CA
Most Popular Reply
Originally posted by @Anthony Steele:
Hi,
I’m 20 years old and wanted to start investing as soon as I can. I’m new to everything when it comes to buying a property. I want to know step by step on how to find an investment property and how to get it under contract with subject to existing finance?
Could I go through a real estate agent?
Thank you I’m Advance
In Riverside County, CA
Yes, you can go through a RE agent.
Learn to analyze the numbers first. You need to know the Rental Property Cash Flow Analysis. It will tell you income, operating expenses loan information and metrics (DSCR, LTV, LTC, 1% rule, 70% rule, 50% rule Cash flow and ROI)