Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
First-Time Home Buyer
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 8 months ago, 05/04/2024

User Stats

34
Posts
5
Votes
Evan Alexakos
5
Votes |
34
Posts

How to go about buying first-property? Found one but have never purchased before

Evan Alexakos
Posted

Hello,

As the title says, I have found some properties that look to work in terms of cashflow and rate of return but I've never actually purchased a property before. The math works out online and tenants already live in these buildings so I know they are liveable; that said, I have not visited the homes or made contact with the sellers. 


How do I go about starting the process of buying a property?

How do I get pre-qualified for a mortgage?

How do I get official approval for a mortgage? (Can I use the estimated cash flow of the house as proof of income for mortgage applications?)

One property said they would consider seller-financing to a buyer, do I contact the seller and ask?

Thank you for any replies.

Loading replies...