Market analysis, too narrow or too wide

[Austen Carroll]

I've been doing a lot of research in the triad area North Carolina.

I'm trying to hone in on an area while simultaneously trying to prioritize exactly what I want to buy.

Chapel Hill 3B2b with garage or cart port?

Durham MFH within 30 min drive time to RTP?

North Raleigh SFH 2B1b with 1200 Sq ft or more so I can repurchase square footage to another bathroom or bedroom?

I feel like I'm too scattered. Too scattered to really be able to "see" a good deal. So I've been running the BP calculators on all of it.

I love the idea to BRRRR, but honestly without an extremely vetted contractor and no relationship built yet I think I'm better off getting my feet wet with a trad finance (20%). Then using contractors for fix ups and projects before getting into bed with them on total "gut-jobs"

I could buy a few homes with down-payments but then am I back in the saving game for a couple of years? Maybe that's when HML can come in and give me the edge I need?

As I type I know what this is. Analysis by paralysis. But my fear is using my funds in down payments then losing momentum until I have more saved up to do it again. I have about 120K in cash and it took some time for me to build that up. Am I wasting opportunity by going the traditional financing route??

[Richard Weinberg]

@Danny Kaminsky

Hold on! Be very very careful about suggesting to others to just jump into deals and….. the money will come.

First, without knowing the access and cost of money, you do not really know the After Repair Value or cost of the deal. Second, the cost of the deal with a non qualified mortgage or hard money may be exactly why it’s not a good deal for you.

This is not a market to ‘run with sizzors! Pay attention to details. Any chance of great profits will be locked in on the calculated and well planned buy, and detailed execution, not the sell!

Take care and good luck!