Here are some tips for buying your first investment property: 1. Ask yourself if you want to be a landlord, 2. Get rid of high-interest personal debt, 3. Save for your down payment, 4. Build up your cash reserves, 5. Consider long-distance real estate investing, 6. Compare paying all cash to finance, 7. Develop your local real estate team, 8. Analyze each market on a macro level, 9. Master the art of financial analysis, 10. Leap and make that first offer.
