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Updated almost 5 years ago on . Most recent reply

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3
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Buying my first rental property

Posted

Hey BP members,

I’m pretty new to real estate investing but I’ve always had a interest in having rental properties. I’ve devoted to this year to save up money for a down payment and to learn as much as I can. What would be some other great first steps that could really put me ahead when I’m ready to put a down payment on a property?

I’m starting to read all the BP books and I’m about to start the “House Hacking” book.

Thanks for any advice that you guys have for me and I look forward to reading your responses.

Most Popular Reply

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193
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Angie Shires
  • Realtor
  • Tyler, Tx
143
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193
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Angie Shires
  • Realtor
  • Tyler, Tx
Replied

@Trayven Cartwright Keep doing what you are doing...read, listen to podcasts, get involved in the forums...but most of all, start talking to people! Don't replace face to face, voice to voice contact with real live people! 

Go talk to Realtors, bankers, other investors, insurance agents, contractors, go to meet ups. The long and short of it is being interactive with people. So many times we hide behind a screen, but don't let your education replace being connected to people. 

One other suggestion is to fill out your profile here on BP, you will find that people here genuinely want to help one another...so help yourself by letting them get to know you! 

Good luck to you, hope all your dreams come true! 

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