Steps to Buying first rental property.

[Juan Aviles]

Hello everyone, as you can tell by the title I am newbie with 0 experience on real estate. I bought all the bigger pockets books and others as well as used other resources to further my knowledge on real estate with an emphasis on rental properties. However, I am still confused on how to start. I live in San Diego CA. But not plan to buy a property in CA just yet be of the prices. I sure the first step would be to keep learning about rental properties and how to manage them etc. But what’s next? I would greatly appreciate your feedback/advice! Thank you!

[Joseph Cacciapaglia]

Contact a real estate agent in the market you're interested in (Use BP Networking tab to search agents). Ask that agent for lender and property management referrals. Contact the lender and get pre-approved for maximum amount. Call property manager and find out about their fee structure, and ask them about favorite parts of town to pick up new units. Go back to agent and let them know how much you're pre-approved for, and have a discussion about what you're looking for. Have them start sending deals. Analyze each deal they send, and start making offers. Slowly take over the world.