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Updated over 6 years ago on . Most recent reply

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10
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Brent Shaffer
  • Indianapolis
4
Votes |
10
Posts

Advice for first time investor

Brent Shaffer
  • Indianapolis
Posted

I am a first time investor looking at purchasing my first investment property for rental income. I am located in the Indianapolis area and looking for single family or multi family rentals.

For my first deal would you suggest:

1. Look for home via realtor and then advise for renters?

2. Try to buy foreclosure or REO properties?

3. Buy a turnkey Property such as FARC in

Indianapolis?

5. But a fixer upper?

4. Single or multi family home for first deal?

I travel a lot so I would probably need to work with a management company.

Any suggestions would be greatly appreciated. Also any contacts in the Indianapolis area would be helpful.

Thanks and I look forward to my journey.

Brent

Most Popular Reply

User Stats

764
Posts
951
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Ivan Barratt
  • Investor
  • Indianapolis, IN
951
Votes |
764
Posts
Ivan Barratt
  • Investor
  • Indianapolis, IN
Replied

@Brent Shaffer stay away from turnkey. it's a bad model for building wealth. There are NO shortcuts in this game.


What's your long term goal with getting into income property?

  • Ivan Barratt

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