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Updated almost 7 years ago,
First Deal, Reno or Turn Key?
Hey everyone, this is my first post on BiggerPockets and I am big fan of the content! Got started on my pre-qualification and have my real estate agent all lined up. Now I am hitting a roadblock which is analysis of a deal. I was wondering what seasoned investors recommended for a first deal. Should I dive in head first for a big reno in an up can coming area or should I play it safe with minor renovations and more of a turn key deal to get my feet wet and save up more money in a safe house hack. I am 23 so I am willing to take a risk and have enough money saved up for renovations, but am not familiar with working with contractors or estimating repairs. Any tips are helpful and thank you in advance!