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Updated over 2 years ago on . Most recent reply
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The worst time to start is never
Hello BP!
First post here- newbie investor who is itching to buy my first rental property.
However, I am almost immobilized by the price of housing and the unknowns of the current market. I believe that the most important thing to do is to get started but I am having trouble determining a first move in the current environment.
I have some capital to get started but am afraid of dropping a ton into a hyper expensive turnkey property that is unlikely to cash flow well, if at all. I would love to BRRRR in order to scale more quickly but am struggling to find deals that make sense.
My question I guess is-
How do you take your first step when everything looks like a horrible move?
Most Popular Reply
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If the numbers don't work, don't rush and make a mistake. Find a market that is predicted to grow and build your core 4 there. 1. The Deal Finder · 2. The Property Manager · 3. The Contractor · 4. The Lender.
- Austin McClain
- [email protected]
- 614-710-4827