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Updated over 3 years ago,
Background - 90 Day Challenge - Core 4 search - OKC
Hello all. I've given myself a goal. Spurred on by tired of living the "same ****, different day" type of lifestyle, I've given myself 90 days to purchase an investment property. Yes, this was also pushed by Brandon's 90 day challenge. I am a 3rd year realtor based in San Diego and have been looking in OKC. My reasoning for this is I have friends that live there and have given me some background on some areas in which to focus, as well as price and not wanting to give my profits to the state of CA. I am trying to learn more on a daily basis about the market. People keep telling me the market is crazy there. Well, the market is crazy everywhere as we all know. I'm not afraid of taking on BRRRR's or multi family. If anything, my focus has been small multi family(duplexes) and SFH. I like to say I have a million dollar mentality with a hundred dollar bank account. I have been doing my homework and learning to evaluate properties daily. Financially I'm short cash but that is one of the reasons I'm reaching out here. It's been done before with little to no money. I do have friends that have shown interest in investing but they are small investors and don't have the capital to get me where I need to be. (This is another topic that I will most likely post about, or research).
With all that said, I feel like I may be in a good place to start looking for my people. Here is my plan as of now. Please feel free to check me and tell me to do it differently.
1: Find a lender - Yes I will take suggestions
2: Find an agent - Once again I will take suggestions
3: Find a General Contractor - See #'s 1 & 2
4: I think for my first property I will manage it on my own from a distance to save money. Once again, I'm sure I'll get opinions on this. I'm pretty fastidious and will keep track of my finances.
Please let me know if I am way off on anything.
Thank you all. Looking forward to getting this ball rolling.