New to the game

[Jaime Ortiz]

Hello all,

I am new to the real estate investing game. I have decided to start with buying properties for rentals/cash flow. I have a few questions if someone can help with.

1. I have read to stay away from condos in the start. Is this accurate? I see 20% ROI on some of the cash only ones.

2. I'm looking in the Plainfield, IL area since it is where I live. It is a growing community. What would be some good facts to find to determine my assumptions of the area.

3. What are the most important numbers to look at when deciding if a property is a good deal?

4. Would it be wise to buy off wholesalers? I don't mind putting in some sweat equity but I wouldn't do whole house renovations. If not, which website is the best to find a investment property.

5. Should I go with a foreclosure, short sales or conventional or look at all to see where to get the best deal?

Thank you for any help you can provide on this. I'm hoping to have a deal done before the end of year. If anyone is from the area of Plainfield, IL please send me a message and maybe we can form a network.