Real Estate Investing Action Plan 1. Market Selection - Select my market: Analyze different real estate markets based on factors like job growth, rental demand, and property prices. Utilize online tools, market reports, and local agents to gather data. 2. Initial Steps - Pick your strategy to focus on: Decide whether to invest in single-family homes, multifamily properties, fix-and-flip, or other strategies. Learn about the advantages and risks of each. 3. Financial Setup - Did you open an LLC for my properties: Form an LLC to protect personal assets and gain tax benefits. Consult with an attorney or use online legal services. - Find a DSCR lender in my market: Research and connect with lenders offering Debt Service Coverage Ratio (DSCR) loans. Understand their requirements and application process. 4. Network and Mentorship Try this. - Go to a local REI meetup: Attend local Real Estate Investor (REI) meetups to network, share experiences, and gain insights from other investors. - Find a RE mentor: Seek out a mentor through real estate forums, meetups, or professional networks who can provide guidance and advice. 5. First Investment - Buy my first rental: Search for your first rental property that meets your investment criteria. Work with a real estate agent to find and evaluate potential properties. 6. Financial Growth - Refinance my first property: Explore refinancing options after owning the property for a while to lower mortgage rates or cash out equity. - Raise $100K of private money: Network with potential investors, present your investment plan, and seek to raise private funds for real estate deals. With you LLC. go to a bank and get on dock loans at 0% interest for up to a year. 7. Accountability and Support - Find an accountability partner for REI: Connect with someone who shares similar real estate goals and can keep you motivated and accountable. Timeline and Monitoring. find someone with high credit to work with. by using their credit as a JV, you can grow faster.