Excited to find my first real estate deal

[Fred Ewert]

7 days ago I didn't know about the serious cash flow potential I can gain by buying a duplex and house hacking. Someone in my business niche made me open my eyes to REI and I have been studying every free hour I have. With that said, I need to move soon and I don't want to rent as my old plan was going to have me do.

How realistic is it for someone like me to obtain a Fair to OK deal (my expectations are low since I have no connections or experience). My goal is a duplex that I can live in and have a little cash flow from the property on top of being rent free.

Good news is I hear Indy is one of the top cash flow cities in the country. From my limited searches though i struggle to see a 1% property so far on Zillow, Realtor, and the like. Can you set my expectations for me a bit? Thank you!

[Fred Ewert]

 @Ryan Murdock  Thanks for the advice. Looks like things are very competitive in Indy. Enjoyed the knowledge you provided on that podcast too.

@Alex Huang  I will be keeping an open mind. I think I will try to go outside of the 465 loop before I start thinking about properties that need repair based on steeper learning curves related to that. I am hoping to buy within 3-4 months so I am very limited on time.

@Elizabeth Wilson  Nice, it is a small world. Yes, I do live there now but do business in Indy often which is why I want to move there. That is something I plan to work on are the connections element to REI, so I will check out some groups on and offline.

@Bijoy Shah  Thanks for the input. I will most likely be listening to a few podcasts about distressed properties. Before I knew this expectation my plan was to stay away from any kind of place that needed repairs since it isn't my strong suit.