New Investor in Chicago / Indianapolis!

[Jake Goldman]

Hi everyone!

First-time poster, but long-time lurker here on BP. My name is Jake Goldman and I am currently a resident of Chicago, IL – where I work as a consultant for a large firm.

I am looking to begin investing in the Indianapolis area with a SFH with traditional financing, etc. Frankly, I am looking for a base hit (I know the homeruns will come eventually) to begin with and get some real-world experience under my belt. Beyond the first few properties, I would like to invest more aggressively in larger properties and alternative financing.

I have been researching real estate for the past 2 years and feel like it is finally time to put my plans into action. I am planning to acquire my first property within the next 6 or so months. I know the first one will be the most difficult, and it can certainly feel overwhelming at times with the length of my to-do list.

Currently, I am working towards narrowing down a neighborhood in Indianapolis and looking for a CPA, Attorney, Property Manager, Realtor, etc. Most times, the number of questions outweighs the answers.

For those of you have overcome this “analysis paralysis”, where do you start? How much did you plan beforehand vs. how much did you just figure out along the way? Either way, I'm excited to start this journey!

Best,

Jake

P.S. If anyone here is located in the downtown Chicago or Indianapolis areas and wants to connect, I’d love to grab a coffee and chat real estate!