How to get my first property.

1 Reply

My family and I are ready for our first property to get our feet wet and begin our real estate experience. Where do I look to find a good starter property? Are there landlords that desire to downsize their property loads that are willing to help newbies like ourselves? I believe that a small beginning would help us learn the basics and we can grow from there. Any thoughts?

Hey Jesus,
First off, welcome to BP!

Although there are a variety of different ways to source your first property, my best recommendation is to link up with a local, seasoned, investor. The hardest part about taking on your first project is not having the experience to know exactly what goes into a rehab concerning time and money and spending way too much of either to get there.

To better answer your question; try and link up with wholesalers in your area. This will allow you to gauge your market more appropriately and view the kinds of inventory they are pulling in on a regular basis. Don't feel eager to jump at everything you're sent and do your due diligence to decide which property is best suited for you! Good luck with your search !

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here