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What is the first step after finding a property where the calculations work?
I am new to real estate investing and I do not know where to start. To clarify, I am looking to be a long distance investor. Given this I know I will need a property managner/property management firm at some point. Do I start there? Do I start by contacting a real estate agent? Should I already have a property manager on stand by once I find a market that works for me? Any advice on what your first were when investing would be much appreciated.
#3 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
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#3 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
happy to help. where are you located? getting started out of state is more difficult than advertised.
while you will need a property manager and an agent, let's step back from that for a second. here are some questions for you.
do you have a buy box? do you have funding lined up? are you in touch with lenders? are you pre-approved for a loan? have you narrowed down to a handful of markets? can you visit them in person? can you start with a house hack where you live? can you invest where you live? can you invest 1-2 hours from where you live? can you invest 2-4 hours from where you live? are you going to meetups and networking?