First time real estate buyer.

[Matt Mcconnell]

Hey yall, 

This is my first post so be nice. :) 

I am looking into getting into my first property, but am unsure of how to go about it. I would like to try to do it for as little money down as possible and refinance and BRRRR it in the long run. Also, I need to get a CPA and get an LLC for each property I assume...but which do I start with first? Lender? CPA, llc?

[Jared Hottle]

I would probably start by finding a lender first. Let them know that you want to buy a house, fix it up and refinance it to get your money out and then do it again. I find some people do not want to tell their lenders everything they are going to be trying to do and the secrecy ends up getting them stuck. I would start by calling 50 local banks in credit unions in your town and surrounding small towns. If you are looking at living in the property for a year as you fix it up. Calling that many lenders will be less important as you will be able to get a conventional mortgage with less money down and can refinance after you repair everything. 

Deal finding is probably the most important part though. Go find a deal, drive for dollars, make calls, tell everyone you can think of you are looking for a house to fix up and rent out. I think a lot of investors get caught up in the CPA or LLC or business cards and all that is important but way more important when you have a few deals and your risk/taxes are bigger considerations. Do not let them slow you down from finding and funding a deal.