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Updated over 3 years ago on . Most recent reply

User Stats

173
Posts
78
Votes
Brian Walters
  • Las Vegas, NV
78
Votes |
173
Posts

Steps for AFTER that first purchase

Brian Walters
  • Las Vegas, NV
Posted

So much attention goes into getting started, analyzing deals, financing, purchase strategies, and everything up until you make that first investment purchase.  What I would love to learn more on is steps and processes after that.

Once that first purchase is made, regardless of what kind, is there anything out there going into detail over what happens next? Best ways to get tenant applications, screening tenants, collecting rent, banking, taxes (with or without creating a LLC), self managing the property and/or tenants, and everything else that comes with renting a place. I feel like this is an area I would love to learn more about while I work towards that first purchase so I know what to do once I actually own an investment property.

Are there any books, podcasts, or just general advice anyone has for the best way to learn more about this before actually doing it?  I don't think anyone would advise someone to buy an investment property without first learning about the process, I think the same should be true on what to do once that leap has been taken.

Open to any suggestions or advice.

Thank you

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