First Time Real Estate Investors
Posted by Monte Davis on
Thanks to all who have emailed asking if I have specific advice for folks who are new to this game. Here's what I tell first time real estate investors they need to do.
1. Find a lender -- one with experience doing investor loans.
2. Find an experienced agent who specializes in investment properties and who is willing to provide the background data you need to make an informed decision as well as educate you.
3. Pull the trigger. Make the purchase. Don't condemn yourself to the land of "woulda, shoulda, coulda."
Those are the broad strokes. Now. A few fine points. Before you ever buy a property, you have to get into the mind space of being a landlord. Far too many first timers think this is just a matter of buying a property and turning it…
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