What Mistakes Did You Make On Your First Purchase

[Troy Luster]

Looking back, my first deal was horrible.  I was fresh out of college and just knew after paying rent for 3-4 years, I just had to buy.  I didn't negotiate.  I didn't get an inspection.  I didn't ask for repairs.  My agent was brand new and it was her first sale.  I didn't research the neighbordhood.  But despite all these mistakes I've owned the property for 10 years, it stays rented, and I have about 40% equity.  I'm about to do a refi and put that down on a multifamily.