New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 10 years ago,
Newbie In Ohio (West Chester)
Hello everyone!
I am new to bigger pockets, and more importantly, new to real estate investing. I haven't purchased my first property yet, but I am planning to start with a buy and hold. Financing is already figured out so that is not an issue. I do have a business partner that I am going to start this with. I will be providing the financing so we will have to figure out our arrangement (any pointers on this would be greatly appreciated).
I started by reading the Ultimate Beginner's Guide on this website and I'm about 20% of the way through "Building Wealth One House at a Time". This book has already given me so much information to work with. I've started a business plan and have some house criteria to start with for my first house. Here is what I have so far:
1.) Single Family Residence within 20 mile radius of my home
2.) 3 bed 2 bath, with garage. , Average yard size, good school district.
3.) Buy in best neighborhood I can afford
4.) Minimal Repairs needed
5.) Maximum price $75,000
The biggest thing I'm concerned over is the fact that I don't know what neighborhoods are "great neighborhoods" especially in the price range I'm looking in. I'm not sure how to get this kind of information. I've asked around to some friends who live in areas with homes valued around $100k so I do have a few areas in mind, but any help on how to gather more info and what else I should add to my list would be greatly appreciated. I don't want to be the person who gets analysis paralysis. Please help! :)