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Updated over 11 years ago on . Most recent reply

User Stats

6
Posts
2
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Troy Johnston
  • Wholesaler
  • Lake Alfred, FL
2
Votes |
6
Posts

So, my first step is... (Buy and Hold)

Troy Johnston
  • Wholesaler
  • Lake Alfred, FL
Posted

So I need a bit of help.

I'm getting bogged down by paralysis analysis. I'm in the process of moving into my first home and it's rightfully been a time and energy consumer. It's been great as I couldn't be happier with the new house and it allows us to continue to live within (and mostly below) our means.

My next priority is to set my sights on SFH properties to buy and hold for rental income. My question to the BP community is what's the (best) first step. I want to 80/20 my time and energy and put high value activities first. Admittedly, I'm putting myself in a bit of a trap as it's easier to do nothing and evaluate potential opportunities (and actions) then to actual get something done. So what to do? What's the FIRST step?

Your recommendations are appreciated!

Most Popular Reply

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6,201
Posts
4,343
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Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
4,343
Votes |
6,201
Posts
Dawn Anastasi
  • Rental Property Investor
  • Milwaukee, WI
Replied

The first step is ... the next one.

Your First Steps as a Real Estate Investor
http://www.biggerpockets.com/renewsblog/2012/09/16/your-first-steps-new-real-estate-investor/

Business Basics
http://www.biggerpockets.com/renewsblog/2013/02/26/beginner-business-basics/

Buying Rental Property -- A Step by Step Guide
http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/

Tenant Screening: The Ultimate Guide
http://www.biggerpockets.com/renewsblog/2013/01/27/tenant-screening/

Tenant Screening: The Tenant Lease Application & Selection Process
http://www.biggerpockets.com/renewsblog/2012/11/12/tenant-screening-application-lease-selection-process/

Now go read! :)

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