Updated over 4 years ago on . Most recent reply
Step by step - newbie buying process and wisdom learned
Happy Thanksgiving, everyone.
I wanted to take the time to reflect on the past month as it’s been a whirlwind and I haven’t much time to take account.
I'm new to REI and long distance does make it much more unnerving. Providers are swamped with orders, and so I had to work with agent to help me evaluate mls properties as well. There are agents and then there are agents who work with long distance investors. They are not built the same and difficult to find. Lenders are typically easy to find through the preferred lender lists which the turnkey providers have. They will want EVERY single document that you have, have patience because the good ones are often thorough.
I will close soon on my first property. The main thing that I can say that I’ve learn and sure of is to really do your own due diligence. This is your property and the money is your investment. Those in the business understand that you have questions, those who get annoyed are the ones you should beware of. Use BP for research, use Google, make calls and speak with people to verify. Take ownership.
Lastly, good luck to us all. Step by step, let’s hope we get closer to our goals.