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Updated over 5 years ago,
A comprehensive list to follow to minimize mistakes
Hello people! This forum has inspired me a lot to say the least and by reading your stories and generously given advice has proven to me that all it takes is hard work, patience, tenacity and guidance.
I’m just getting started in the game and have been immersing myself in literature, blogs, forums and chatting with people who got a lot of skin in the game.
I want to put together a comprehensive list of most important first steps to take when getting started. It’s easy to get overwhelmed when thinking about all the moving parts, from rehab management, loan approvals, inspections, tenant screening etc etc the list goes on. But I want to focus on the beginning and most important first steps to focus on. Any advice would be much appreciated 🙏🏻🙏🏻🏡🏡.
My strategy is buy and hold. I’ll house hack my first property with a duplex and target multi-family there after. My fiancé and I have been living out of the country for 3 years and will be coming back beginning of next year. My credit is going to be sub par at best but will look to improve it ASAP. I will start with just over 100k cash. Targeting Greater Cleveland Area.