New investor, feeling overwhelmed

[Ezra Shami]

Looking to buy my first investment property, there is so much information i dont know where to start. I put in a request to get pre approved by a local lender (suggested by zillow). Where do I go from here and how should I go about it.

[Jody Sperling]

1) Know your neighborhood. 2) Know where the money is coming from. 3) Know your goal—both short- and long-term. 4) Offer on a house in your target neighborhood. 5) Pay when accepted or repeat step 4 until successful. 6) If necessary, put together a list of repairs. 7) Complete repairs. 8) List for sale/rent. 9)Sell or rent to a qualified prospect buyer/renter. 10) Save the overage between rent and mortgage in case needed for repairs. 11) Repeat. Don't make it too difficult. It's only overwhelming because you haven't done it before. Once you're familiar with the steps, you'll feel comfortable and energized by the process. Best of luck!