First Investment Property

[Kate Jones]

To all real estate investors, what did you prepare before you made your first property purchase? Did you create a company name, business website, business card etc. What do you wish you would have been more prepared for regarding your business? Before you made your first purchase, did you have contractors, agents, and lenders in hand? 

[Terrell Garren]

You don't need a CPA, website, business cards, LLC, logo, etc. Those things are just a sugar fix for making progress. What you do need is knowledge of comps, market rental prices, analysis spreadsheet, funding and visibility on potential properties. Soon after that, you will need a hammer, screwdriver, paint brush and skilled trade relationships. This is somewhat tongue in cheek but too often people focus on the glamorous things and not the sweaty things.