Getting more focused...

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So folks, after having made the commitment to buy an investment property, and having flailed about, not knowing my direction, making some random, bonehead offers, not knowing exactly what I want to do, etc., I think I've hit on a better, more focused plan. I've decided the best way for me to go right now is to buy a residential multiunit apartment building. I spent a good bit of Saturday looking through the MLS and calling a few brokers. I've also spoken to a few friends and family members who've been through the experience of being landlords and they've given me the "real deal" on what it can be like to own an apartment building.

There are nearly 200 multis for sale right now in the city I'm interested in. The inventory seems huge, sales are slow and the prices are soft. All the indications are, it's a good time to buy. The other move I've made is set myself up with a buyer-broker. I've dealt with this broker in the past when I bought and sold my first house. She also has personal experience with owning a multi and has already given me some advice as for what to look for. I've given her the listing of one property I'm interested in, and hopefully we'll do a showing tomorrow. I've got another one I've hit on, that I want to look at too.

I'm really excited! I've also bought a few books, one on investing in multis, also Rich Dad, Poor Dad, and a good book on how to use debt. So I am continuing the learning process.

Now I need to get myself out of the house and stop obsessing about this so much!