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Updated about 5 years ago,
Time to do something already!
I have spent more than enough time reading books, watching podcasts, and doing all things a good noobie should be doing. Very comfortable running numbers, checking neighborhood and school numbers, working with comps, etc. And in last years life building teams and working tough situations for successful outcomes.
What I need help with the most and ask for your help with is:
1. Where. I travel, so Im not opposed to traveling to new city to build team and do my due diligence with out of state investing. But what are areas primed for a good rental future? What areas are so saturated or watered down with renters that they are now less appealing? Long term rental is my plan A. Would a wholesaler in this location be a good way to find deals over the MLS? Your experience is your crystal ball, so what say you?
2. Financing. I took a year off work to travel with family. And loving it! So I have no employer right now, but have solid work and credit history. I also have a pocket full of money. Would love to find several 30-50k multifamily homes and pay cash, or better would be to find a great flexible lender. I call it semi-retured; Banks call me unemployed. But even still, I need to crap or get off the pot!
3. How long did you research and analysis paralysis yourselves before you made your first move? A year from now I will be back in my chosen profession as I was for the previous 15 years and financing will be better. But a year from now I could also own 10 doors already too!
Thanks all!