Big Plans, Small Progress

[Aaron Bard]

Hi everyone,

I'm still learning how to navigate the BiggerPockets site and forums, so this is a new realm for me.

I am based near Bangor, Maine; about two hours north of Portland. I am in the process of looking for a 4-unit building somewhere within a 30 minute drive of where I work that I can househack.

I have money saved for a down payment, have connected with a fabulous investor-friendly, husband and wife realtor team, have been pre-qualified for an FHA loan, have connected with a great lender, and taken some educational courses in order to qualify for state grants on multi-family properties.

Right now, I have yet to find a property that works for me. So far, they are either too expensive, too far away from work, or violate some small code issue and don't qualify for an FHA loan.

I have plans to purchase a 3 or 4-unit and refinance in the future to either buy more rental properties, or potentially, self storage. But one step at a time.

Right now I just need advice on being patient in this dry market. I have an entrepreneurial itch that it seems only real estate can scratch.

I appreciate any feedback!

[Caleb Brown]

Just focus on finding a deal. It will not be perfect but you need to get your foot in the door. It's a snowball process so in the beginning it'll be baby steps