STEP 2: Assess Finances
Purchasing property may be one of the largest investments that you make. Before you start looking at properties, you will want to assess your finances and determine if you are prepared to take the next step. There are a variety of ways to purchase property besides a straight cash transaction. If you plan to finance a portion of your purchase, a Mortgage Professional or Loan Officer can discuss various loan programs to find out which one is best suited for you based on your short- and long-term financial goals. If you are planning to utilize a non-traditional approach such as a SDIRA or 1031 exchange, you should consult your CPA prior to searching for a property so that you understand the guidelines and timelines.
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