Just closed my first deal, what learnings would you share with a Rookie?

[Jacques Caspi]

Hi community,
I just closed on my first investment property and it is a house hacking project. What learnings have you had that you wish you knew after closing your first deal?!

[Wale Lawal]

@Jacques Caspi

To succeed in real estate investing, I’ve found it’s crucial to budget for unexpected expenses, focus on thorough tenant screening, and build strong relationships with contractors. Prioritizing cash flow, mastering property management, and learning basic repairs can make a big difference. Don’t forget to plan for the future, maintain a healthy work-life balance, and celebrate small wins along the way—it’s all part of the journey!

Good luck!