Whats your first investment story?

[David Arnold]

Forgive me if this is the wrong category, or if there is already a discussion comparable to this.

I would like to get a running list of some sort of everyone's very first deal.

Include specifics such as:

What type of venture was it? Rental purchase, fix and flip, buy and hold, etc.

How did you finance?

What type of residence was it?

What were your biggest headaches?

If you could possibly narrow it down to one or two things, what is the most important thing you learned from your first deal?

Was it successful? And if not, what could you have done to change that, if anything?

How did you find the property? Local agent, MLS, craigslist, word of mouth, connections, drive-by, foreclosure, etc.

Any other details you would like to add.

I think this would help a lot of new investors, like myself, in hearing about what different people went through when they were in the process of doing something like this for the first time themselves.