Retail Deal for First Property?

[Mark Morosky]

Looking at purchasing 1 property to get started. Considering a retail deal off Zillow working with my realtor.  

What I've been reading, listening and learning about is that it's not always the best way to find your first deal. However, I'm in good standing with my bank/lender, have a good pre approval for a starter home to get my feet wet and looking at properties that are already rented or have been in the past.  Many for sale for longer than 30-40 days. 

Feel that this way, I could put a good amount down, do some small upgrades and get started in this business. 

I'd eventually plan to move purchase to an LLC but that's down the road.

Any thoughts?

[Jaron Walling]

@Mark Morosky MLS, off market, whole sale, neighbor friend - where you buy the deal doesn't matter. What matters are the numbers, strategy, and long term goals for the property. If the numbers don't align with your strategy make it work or move on.

If a property is tenant occupied that comes with risk and should be priced accordingly. You didn't screen the tenants or understand there background/rental history.