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 over 3 years ago on . Most recent reply

User Stats

11
Posts
1
Votes
Sam Barnsley
  • Rental Property Investor
  • Michigan
1
Votes |
11
Posts

Feeling overwhelmed with Analysis Paralysis

Sam Barnsley
  • Rental Property Investor
  • Michigan
Posted

I think like most folks I've started out excited about the potential of having that extra cash in the pocket in a few years time through REI, but I feel burnt out without even having my first property and I'm finding it harder by the day to find deals that make sense.

Part of the issue is finding where I want the property. My local market and surrounding area is extremely inflated and there is no way to make the numbers work. I’d consider renovating a deal up to two hours drive away, but all neighbour city’s/towns are what I would consider lower income areas with little to no growth or Airbnb potential. This has driven me to consider selling up and moving towns, but this causes additional stress and anxiety as I LOVE where I live in MI. Another option would be to “snowbird” and head south for a few months to renovate and rent, but will be tricky with daycare etc.

Any advice for out of state investing / not getting burnt out / general advice?

Loading replies...