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Updated over 4 years ago, 07/31/2020

User Stats

5
Posts
2
Votes
Emily C.
  • New to Real Estate
  • Seattle
2
Votes |
5
Posts

What order should I go in putting together my first deal?

Emily C.
  • New to Real Estate
  • Seattle
Posted

Total newb here, looking for some feedback from seasoned investors. I'm looking to invest remotely in sfrs or small multi-family properties. I've been reading everything I can get my hands on about buying my first property, and I've settled on several steps I need to complete to pull it off. These include: find and analyze markets, analyze neighborhoods, analyze deals for cash flow, work with at least one real estate agent to find deals, get financing (I have enough for a down payment, planning on getting a mortgage for the rest), get a property manager, maybe find a contractor or handy person. So my question is: what order should I be aiming to do these steps in? For example, should I be interviewing property managers before I even purchase a property? Or should I just apply for financing, find a deal, then figure the rest out after? I know that this won't matter too much after I have an established team, but for now, I'll need to get everything in order in a relatively quick time period. Any advice welcome.

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