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Updated almost 9 years ago,
Newbie from Indianapolis (Hungry to succeed)
Hi All,
I am a new member from Indianapolis, IN. I have not included my real name on the account due to the nature of my full time job, however I am a real person and do share my real contact info when I network on the site. I am in the process of completing my real estate brokers license. I have about 150K ready to start investing in real estate. I am almost debt free, with a little bit left on my house and no other loans, so overall excellent credit history. I am very familiar with the Indianapolis market as I have lived here for some time.
My first dilemma is really what to start with on my first deal. I am thinking about (1) purchasing a commercial property (stripmall, retail shop, apartments) or (2) starting slower with buying SFH's one by one and building up. I am also open to flips but given that I don't plan to quit my full time job yet, thought that holding and renting would be an easier option for the time being. I make decent money at the corporate job so if anyone can share some knowledge in terms of pro vs cons in where to start, I am open to take advice. I have been following blogs and listening to the podcasts for some while so I feel like that I have quite a bit of knowledge for a beginner.
I look forward in connecting with folks and sharing my experiences as I take on the journey to build my RE business. Cheers!