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Updated almost 7 years ago,
First Deal - Find a partner or go at it alone?
As a recent graduate with no prior REI experience, I am curious whether I should be putting more of an effort into finding a more experienced partner or simply doing the research and going at it alone. I have saved up enough capital for my first deal and I am working a full-time job. Based on my initial research, I have decided to look into multifamily properties which I will hold in the long-term and rent out (otherwise leverage the property for the next deal). I am hesitant to pursue any property other than turn-key or cosmetic fix-ups due to my availability and lack of experience.
I would appreciate any and all feedback, thanks.
Additional information:
- Not looking to owner-occupy with my budget
- Based out of IL, looking for deals in the suburbs (as a result of my budget)
- Have also considered nearby markets in Iowa and Wisconsin
- Would prefer a property within 1-2 hours driving distance
- Looking for deals between 50-175k