Im brand New

[Abram Hill]

What would you say is the most important thing to do for someone who is new to the business?

[Steve Kenney]

Hi Abram,

The three things I'd recommend doing for anyone just starting out are:

1. Start listening to podcasts and listening to books about real estate investing. BiggerPockets is obviously a great podcast to start. 

2. Attend local real estate investor meetups in your market to build your network and find a mentor. 

3. Find an investor focused real estate agent in your market! This one is really important. The right agent will be able to help you navigate the purchase process and analyze deals. 

Those are the three biggest things I'd recommend doing when first starting out. That's what I did and they greatly helped me and gave me the confidence to get my first deal. As far as action steps to get your first deal should do the following:

1. Get pre-qualified with a lender (talk to several lenders in your market to get the best rate)

2. Define your "buy box" or criteria for your first property (this may change a bit as your start analyzing deals and looking at properties, but it's important to know what you want). 

3. Meet with an investor focused agent, they will set you up with an email list of properties in your area that meet your criteria. 

4. Start analyzing deals. Set a goal to analyze two properties a day. 

5. When you find a deal that meets your buy criteria setup a showing to view the property.

6. Once you've viewed some properties and find one you like, make an offer. It's important to get some offers out there, if you don't make any offers you'll never get a deal!

7. Once your offer is accepted, you'll move forward with the bank appraisal, building inspection, and then you'll close on your first deal!

It may sound like a lot, but the right agent will be able to guide you through this process. Good luck and let me know if you have any questions!