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.
Buying & Selling Real Estate
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 about 6 years ago on . Most recent reply

User Stats

10
Posts
4
Votes
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
Votes
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

Loading replies...