Getting that first Property

[Travis Zurawski]

As a young avid investor, I have spent the past year learning and doing a lot of market research . I have created a deal analyzer program through excel and have searched continuously for rental income properties. I have a partner and formed an LLC. We have made multiple offers in the Jacksonville Area, searching for small commercial rental income producing properties. With an eye on much of the listed properties on the east coast, I have noticed the deals getting thinner and thinner. I wanted to ask anyone out there if they have any advice on getting that first property.

I feel that we have made the right moves and focused in good areas. Sellers are just looking for prices that we just don't see enough meat on the bone. As of late, the focus has transitioned into foreclosures and auction sales. The auction sites are competitive and many times the reserve is not met. Our goal is to get into the apartment complex arena and cashflow from rental income. 

Any advice at all would be greatly appreciated. Thanks for the help.