Which comes first, the goose or the egg?

Question

Hey Everyone!

I am really excited to be here. Just starting out, I know I have a lot of research to do and I’m looking forward to it! I would appreciate some insight as I start this journey. What comes first when thinking about investing in rental properties? Should I be looking for a lender first to see how much financing I qualify for? Should I be looking for properties yet? I guess I am looking for an order of operations so that I’m not putting the cart before the horse.

I would appreciate any advice and any book recommendations. I ordered the book on rental property investing-digital. I just can’t find it so I could use help with that too.

Thanks!

Brandon Sturgill · Answer

@Jared Lawrence

1- Develop your OKR's

2- Build your team

3- Everything else

And remember, executing what you learned as soon as you learn it is key. Don't be afraid to take action. Real estate books are a dime a dozen...one book is hard to pick, but don't pass up the E-Myth Revisited...but get the audio book and play at 2x speed...the author sounds like he could die at any moment...still a good read ;)

Good luck!

Joe Villeneuve · Answer

Here's your order of appearance:

1 - Education

2 - Money source/qualify

3 - Education

4 - Market Analysis

5 - Learn

6 - Sources or targets for buyers

7 - Knowledge

8 - Sources for properties

9 - More Money sources

10 - ...I'm forgetting something,...let me see.  Oh right... Education

Jared Lawrence · Answer

@Joe Villeneuve I love the advice. Educate, execute and repeat. I love it.

@Brandon Sturgill I appreciate the encouragement. Not letting fear win the battle and taking steps as I go along. Great advice and thanks for the heads up with audiobook.

I hope to connect with you guys again in the near future.

Thanks for the warm welcome and support.