First Project Excitement - Newbie from Columbus OH

[Alex Brandt]

Hi Everyone, 

After many books and a motivational discussion with an experienced investor in my area, Brad Clarizio, I decided to stop waiting and dive into my first project. I want to post updates of this project as I go in order to help other new investors. One helpful thing I've done so far is set hard deadlines for myself. This way when I make phone calls, I can demonstrate a sense of urgency and be taken more seriously. I will post updates on this several times per week - please let me know what an appropriate sub forum for this would be. So far here is my progress, having started less than a week ago:

• - Initiate a search with Brad - He is a licensed agent as well as an investor
• - Visit a couple distressed properties in southern Columbus
• - Call several hard money lenders - set up meetings accordingly
• - Call a few inspectors - I have one ready to visit a property once I close
• - Call GCs - I have one GC who seems to be a good fit although I expect the renovation to be very challenging
• - Made a deal analysis excel sheet for calculating my offers (I prefer making my own)
  • - I added a "Factor of Safety" for my renovation time and cost
  • - With time and experience, I'll hopefully be able to adjust these
• - Accepted the fact that this is going to be very difficult with many obstacles to overcome

Throughout this process, any advice, critiques, etc. would be very much appreciated. I love how kind and welcoming everyone is in this community. I hope you all have a great weekend and I look forward to talking with you in the future!