New to Real Estate Investing

[Pooja Bhavsar]

Hi There!

I'm beginning my real estate investing journey and would like to learn more about the initial steps.

I have come from a family of workers who work hard and pay bills. They have engrained this mindset on me and I've always believed that's the route we're supposed to be on. That mindset of in order to make money I must have money hits too close to home. After running the numbers on a few properties I've realized that though I would be taking out a mortgage, essentially that loan is being paid by my tenant! Once that's paid I'd be making even more of a profit. I have been following Brandon Turner's books and that has really helped me change my mindset!

Some questions I have:

1.). What are the initial steps when viewing properties? Only look locally or all around the state?

2.) Loan terms that are favorable

3.) 50/50 in terms of loan and cash payment or 60% loan and 40% cash?

4.) What is the appropriate process to find a tenant?

5.) Being a good landlord and keeping a smooth process in place