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Updated over 4 years ago,
Shiny Object Syndrome
Hello everybody!
I'm relatively new to the world of real estate investing and would greatly appreciate some help in figuring out my criteria!. I believe I am currently stuck in analysis paralysis for these 2 reasons.
1) Still working on a list of relevant metrics to analyze the proper States and MSA's I should be investing in.
2) Both of a blessing and a curse. I do not lack capital, therefore I am getting a little overwhelmed in choosing which initial strategy to roll with.
I'm hesitant to dive too deep into BRRRR for the first deal due to the need for significant renovations. Maybe once I have a better understanding of which market I'd like to invest in I'd feel more comfortable with the idea of interviewing contractors?
Would it be silly to just put a bunch of 20% down payments on SFR's? or should I be expanding my reach towards smaller and mid-size apartment buildings?
I completely understand that this is all up to my own personal goals and risk tolerance. However, I would love to hear how other people have determined their financial strategies they chose and which corresponding markets fit in with those strategies!
Any insight will be greatly appreciated!