How to get started with real estate investing?

[Shayne Hylton]

Hey everyone, I am 25 and totally new to real estate investing. I am looking to purchase my first property in Ontario to set me on the right track moving forward in real estate. I have been doing a lot of reading, research, listening to podcasts and YouTube to gather as much as I can to ensure I know what I am doing before getting my feet wet.

I feel like I have an idea of what I need to do, which is:

1. Speak to the Bank and find out how much I can get pre-approved for

2. Speak with a real estate agent in the are I am looking to purchase in. (Which is Windsor primarily or Sudbury as a second location) 

3. Establish some team, of a real estate agent, a contractor, a lawyer, a accountant, property manager (or Company).

4. Then finalize the deal and proceed to doing a renovation if needed, then finding someone to rent it and setting up a lease with them.

I believe these are the steps I should be following in that order more or less.

Any feedback to would be truly appreciated acknowledging I am on the right path or anything that I missed and would help me moving forward.

Thank you. 

[Eric James]

Single biggest thing: be saving massively for downpayments.