Hello, Bigger Pockets family,
I am in the process of buying my first investment property; now that I am in it, I realize that I have no idea what I am doing! There are so many forms, so many numbers, and so much stuff that I don't know.
My question is, what are some of the things you wish you knew when buying your first rental property?
@Saidah Johnson get your insurance agent working on quotes, check flood zoning, get inspection done as soon as possible. You will be able to start plugging firm numbers into your deal analysis instead of estimates once you get results on all of it.
@Matt Leber thanks Matt! I am doing my best to work through the process. Inspection is today! Wish me luck!