Concerned about jumping into real estate prematurely.
Hello BP,
I have been lurking on BP for months reading posts and listening to podcasts, Studying real estate reading books. I worked on my credit (743) and obtained a second job. I also obtained a partner from work that wants to go into real estate with me.
So this takes me to my point, now that I believe I have all my ducks in a row, I am getting cold feet. I don't know where to start looking, I don't know if I'll get a good deal. What if I jump to a bad deal and can't find good renters for the property I acquire, the market I live on is to Expensive, these are all the things running trough my head.
So I took the next step and called an Agent in the Utica NY area (3 hours North from the city) to start looking at Multi Family homes up there.
What are some good questions to ask an Agent to make sure you're working with the right one? On my visit what should I look for?
I know some about Due diligence (check for liens, taxes ect). Basically what advice can you seasoned investors give me before I take the leap.
Thank you in advanced.
Most Popular Reply
@Jose Gonzalez to be completely honest, your first deal will probably scare the crap out of you.
No amount of preparation can prepare you for everything. After about 4 deals it’s been pretty straight forward for me