. 🎉 I’m still finalizing things with my lender, but before I move forward, I want to be 100% sure I’m covering all the key steps.Here’s the checklist I’ve put together so far:Home inspection – to catch any hidden issues.Appraisal – to confirm the property’s value matches the offer.Financing contingency – securing my loan approval without surprises.Title search – ensuring there are no liens or legal issues.Seller disclosures – reviewing any known problems upfront.Neighborhood research – making sure the area fits my investment goals.Are there any crucial steps I’m missing or anything you think I should focus on more?

Contraction: Emphasize cash-flowing properties, distressed sales, and securing deals below market value.

You absolutely need to get copies of all the leases, AND, before closing I definitely suggest you get estoppel agreements signed by the tenants verify their current rent, security deposits, and any other important terms.

We negotiated a favorable deal by assessing the needed renovations and offering $60,000 to secure it quickly.

I’m looking forward to starting this journey and securing financial freedom for my family for years to come! 

I like to follow this framework when investing 1) Does it make business sense (Do the numbers make sense.

Personal loan secured by the property: Same deal, no verbiage that I see making it appear that this is personally guaranteed3.

My plan is to read about 10 books on the subject and engage with others in the real estate community over the next six months, all while working on building a strong credit score to secure my first loan.In the meantime, I’d love to hear your advice!

The PM is still responsible for giving you any monies owed from rent and/or security deposits.

We work transaction-based deals with a commercial portfolio loan secured against our assets.