Newbie, Financed, Need a Plan | Columbus OH

[Wendy Ake]

Greetings everyone--

I am in the process of finding people to help me learn to make the best plan for a first deal in the context of future plans. Not confident that what I'm currently thinking of is the most appropriate strategy for my current cash on hand and traditional finance I've lined up. I've also got a contractor I'd like to work with, with whom I have some limited experience. Good experience, this far, from work in my own home.

I work a full time job that I love and will need to do this part time. I also am a researcher and writer full time. These skills have helped me do some research on properties but I am, again, not confident I'm looking at the right data or excluding some necessary gathering all the information I need. I thought I had the necessary data points, but the looking at BP calculator, there is A LOT of data I did not consider.

I am hoping to increase my annual income and/or monthly income. I understand this lines up well with rental property and/or rehab/remodels. I just want to be sure I'm proceeding with great potential to be successful and "trade up."

I'm a physicist by training and am particularly excited to see rigorous analysis before proceeding. I have appreciate the recent article that discussed the 7 property strategy on 1-2 homes per year. This sounded manageable and well planned. Also, the buy, rehab/remodel, remodel strategy seems well researched and clearly identified to set up numbers.

I would  like to start doing the 100 deals analysis to get in the habit and do them correctly. I would like, of course, to cycle back to a mentor to see which deals may fit best with a long term plan and current resources.

Many thanks and looking forward to learning more and talking on line!

Good afternoon