I'm under contract for my first investment property. 

Why i ask is i am looking for a DSCR loan and hoping to see better loan rates soon.ThanksRyan,In my experience, timing the market can be a difficult thing.

We are closing on our first rental property TOMORROW!

I’ve owned a few, it still can be a good investment for cash flow, feel free to dm me I get them off market time to time.

For me, the majority of learning came “on the job” while managing my first few deals.

Don't let the balloon deter you. 15 years is a long time and many loans I have are 5 year balloons.

This could give you time to sell your property.

At the time of transaction, title is clear.

If you need help, I would attend SJREIA or whatever equivalent there is in central Jersey as well.2) I would suggest buying a property (SFH or MH) in a location you can get you within 30 minutes, especially for your first deal.

I am a full-time sales agent in property manager, so my experience and license helps me procure deals.