I’m working on getting my first property in months from now. I would like to get some tips from pros in what I should consider before signing the contract. Please help 💯

It totally depends on the market you are at and also It depends of your risk tolerance. 

As your first property, I would recommend something that is move in ready, you can househack it (have your tenants pay your mortgage.) Get experience in how it feels to be a landlord (screening tenants, common repairs, etc). Then, increase a little your risk tolerance for the next deal. 

Originally posted by @Joaquin Camarasa :

It totally depends on the market you are at and also It depends of your risk tolerance. 

As your first property, I would recommend something that is move in ready, you can househack it (have your tenants pay your mortgage.) Get experience in how it feels to be a landlord (screening tenants, common repairs, etc). Then, increase a little your risk tolerance for the next deal. 

That is exactly my plan for my first property 

@Junior Nguimi Thank you for the help. Also, I would Like to ask. I am younger than 25. I learned about credit score not so long ago so it isn’t the best. What can help me in order to get a house that won’t be too much of a hassle when it comes to my mortgage?

@Junior Nguimi Start talking to a lender they will give you more accurate tips but basically make sure all the credit cards you own are below 33% of the total debt you can have. If you only have one credit card is probably a good idea to get a second one and make sure you are below 33% and if you can pay it all off that is good as well.