Updated over 8 years ago on . Most recent reply
New Investor...got my first contract!
Hey friends! I'm Eric Yow, in Clarksville, TN. I wanted to introduce myself and share in the excitement of getting my first contract. I decided after the new year I would begin investing in real property (finally!), after having talked about it for a while. My goal was to buy one rental in the first quarter of this year, with four total in the year. However, I'm more than excited and overwhelmed with opportunities I've been able to find. I have been making offers on many many properties, several of which are still pending. I have had one accepted and is under contract. (Three or more properties are extremely likely to become deals as well!) It's quite exciting. Now, on to the work!
I anticipate a buy and hold strategy, primarily, with flips only when the particular deal is more fitting for it. Perhaps my first question for the forums should be this: is there a good checklist for "when you get your contract, do this..." that could serve as a reminder of the things that should not be overlooked, or perhaps done in a particular order (e.g. termite letter, prof inspection, utilities turned on, etc.)?
Looking forward to being in the company of other RE investors on the forums!