The Real Estate Investor’s Roadmap: 7 Steps to Your First Deal
Getting into real estate investing can feel overwhelming, especially with all the moving parts. But with a clear roadmap and the right tools, your first deal is closer than you think.
Here are the 7 essential steps to get you started:
At Marvern Investor Tools, we equip you with the step-by-step checklists that keep you organized and focused from day one.
In this post, we won't spill all the secrets, but we’ll show you the milestones to watch for and why having a guide matters. You’ll get a glimpse of what successful investors keep in mind at every stage. Consider it your pre-checklist teaser: a sneak peek before the real work begins.
1. Set Your Goals
Before diving in, define your "why." Are you building long-term wealth through rentals? Or are you looking for quick profits via flipping? Your goals will shape your strategy and your timeline.
2. Choose Your Investment Type
Real estate isn’t one-size-fits-all. You could choose residential rentals, fix-and-flips, wholesaling, or even commercial properties. Research each to see which fits your personality, budget, and timeline.
3. Know Your Market
Location matters. Study local market trends, average rents, property values, and economic indicators. A good checklist can help you compare neighborhoods and identify areas with strong investment potential.
4. Build Your Team
You can't do this alone. You’ll need a realtor, a lender, a contractor, and maybe even a mentor. Choose people who understand investment deals, not just retail transactions.
5. Secure Your Financing
Explore different funding options: conventional loans, hard money lenders, private investors, or even partnerships. Each comes with pros and cons, so make sure you understand your options.
6. Run the Numbers
Use a deal analysis checklist to evaluate potential properties. Don’t rely on gut instinct. You’ll need to calculate cash flow, cap rate, ROI, and factor in vacancy rates, repairs, and management fees.
7. Make an Offer & Close
Once the numbers work and your due diligence checks out, it’s time to make an offer. Follow a closing checklist to stay organized and ensure no detail is missed.
Need help staying on track?
Grab our Starter Pack to guide you from step one to your first signed deal, includes a comprehensive checklist, scripts and a mentorship from our very own CEO.
