Contractor · Temecula, CA · Member since 2015 · 190 posts · 36 votes
I would like to hear not only what the seasoned veterans have to say about this topic along with their stories, but also the wannabe investors who can't seem to pull the trigger and or did pull the trigger too soon.
Just don't over pay for a property and as a newbie, I suggest getting an investor savy agent! That can give you the best recommendation on whether the property has the potential to profit. Not all properties are a good deal and some can be a nightmare.
Wait for the right deal! Jumping in can be disastrous. I jumped in head first, and almost lost my shirt along with my sanity. I would suggest to any newbie to make sure the numbers make sense. It's truly a numbers game. Not an emotional one.
find a good investor/agent who can mentor you and find you good deals. I have been able to do so in some of the markets I buy in and it always ensures me that I get good deals.