I’m just about ready to make the jump but I’m wondering what you guys/girls have done to prepare before you bought your first rental?

Ready to put in all the hard work, and learning from experienced investors in BP. 

@Dennis Solari You are going to have to run the numbers on any property you might be interested in.Then you need to look Vrbo and Airbnb and see what properties are renting for and how often.Put all this in a spreadsheet and add in utilities, furnishing, consumables, cleaning, PM (unless doing this yourself), yard maintenance, house maintenance, tax and insurance and see how the numbers shake out.

(Although it’s in good condition and rent ready as is).Take remaining capital and purchase another SFH to now live in, turning previous into rental.

I am so ready to be done.

Could probably add $500-1,000 into each unit for cosmetics, but not necessary, ready to rent We are discussing purchase price between $370,000-$385,000.

Hi all,If you had 15K cash ready to invest, but you've never invested in RE before, what would you do?

As long as you have someone to lean on for your 5k questions along the way, you'll come out ready for a second on a more independent level! 

The question you may want to ask yourself is are you ready to do what it takes to succeed in that category.

Not having an answer ready could turn a client off and cause you to lose a sale.So, as a consultant, you need to do your homework before taking client for showing or open house.