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Updated about 6 years ago on . Most recent reply
![Brent Shaffer's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1243174/1621510601-avatar-brents89.jpg?twic=v1/output=image/crop=393x393@51x5/cover=128x128&v=2)
Advice for first time investor
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
![Ivan Barratt's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/331897/1669211963-avatar-ivanbarratt.jpg?twic=v1/output=image/crop=654x654@0x0/cover=128x128&v=2)
@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