All Forum Posts by: Russell Leggett

Hi everyone!

I am new to real estate investing, and I am looking for some advice. First, some background information. My two-year goal is to own one rental property, using the first year to save money, get rid of the little debt I have, and educate myself. Well, my friend is moving out of state and told me he intends to sell his single-family home within the next 3 months. I have not told him, but I am seriously considering buying his house with the intention of renting it. I currently own a home, but I have no experience in the rental realm (finding/screening tenants, rental contracts, basically everything). I don't want to overextend myself without having a plan and everything in order. Still, at the same time, this seems like an amazing opportunity that I want to investigate further. I would like to hear some feedback and possible next steps to take if I decide to pursue this opportunity. 

Thank you!