Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Aaron Bruck
  • Barrington, IL
1
Votes |
5
Posts

First Deal - Find a partner or go at it alone?

Aaron Bruck
  • Barrington, IL
Posted

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

Loading replies...