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Updated 2 days ago on . Most recent reply

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First Time Investor needing mentor

Posted

Hi I am a first time investor with no experience or properties. I recently found a property I liked and would like to  first see if the deal makes sense. I want to do long term rental and will be paying cash to purchase. Do I need a realtor to assist me through the purchase? Do I need to setup a in person viewing of the property? What should be my next steps to move forward?

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Aaron Zimmerman
  • Accountant
  • Chicago, IL
356
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757
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Aaron Zimmerman
  • Accountant
  • Chicago, IL
Replied

I would agree that you need to hire an investor friendly agent to start. They can get you plugged into other resources such as lender, inspector, etc. 

I would also recommend visiting the property before purchasing so you know what you're buying. Given you're a first time investor, there's a lot to glean from the walkthrough

I would also listen to the straight up Chicago investor podcast for additional resources. Great content 

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