First investment property

[Devin Duval]

Hello everyone!

I am ready to buy my first investment property. I am looking to buy a brrrr or just buy a property to rent and hold.

I have 20-30k as a 20% down payment and I think the next step is to get a pre approval so I can make offers. My thought process is call around and get multiple rates to find the best bank. And then find a good wholesalers/agent/broker to start looking for a property.

I am making this post to just get any advice you would have given the situation I am in. Here is a little more information that may be useful.

I make $70000 a year. I am putting away around 20% of that annually ($1200 a month) strictly for investing so I can begin to purchase property regularly. I own my home currently financed through a family member at 1% (which is a great deal). Credit score is 805.

Again, thanks in advance for all feedback and advice!