First Time Investor Do’s/Don’ts

[Frank Lo]

Hello BP users,

I am a new investor just starting out. I have not yet acquired my first property or conducted my first deal.

I just created my LLC this week to use for my rental property business. I have opened a bank account in the business name, talked with my CPA and my attorney, and have found a local agent who we already feel is a great match for us. I am excited to say my REI journey has officially begun!

I have been scouting locations in my hometown and our agent has taken us to a few showings.

This has made me realize just how new and inexperienced I am at REI.

Which also has me thinking, what are some of the things you wish you would have known/done differently when you were starting out vs. today?