Updated about 5 years ago on . Most recent reply
New investor advice
I’m preparing to get into rehabbing properties and just wanted to see if there’s any advice for a new investors. Like is there a loan that’s good for new investors or is it better to start with rentals rather than fixing and flipping? I live in New York and I’m hoping to invest in surrounding areas such as westcHester county or CT.
Most Popular Reply
@Jake Jaenicke
Great questions! In my opinion, the best places to connect with local investors is at local meetups or ask right here on the forums. If you don't have any luck with finding local meetups, I would recommend calling real estate agents you are interested in working worth. If you find a realtor that is an investor himself or works with investors he can help you connect with those investing in your area.
As far as analyzing properties I would look at population growth, job growth, crime, and those things when deciding on which market to invest in. That will also help you narrow down which neighborhoods in a specific city you want to pursue. Then when you are analyzing individual properties in those smaller areas you can run the numbers with good idea of what the neighborhood looks like.
Focusing on smaller areas will help you be more confident and accurate in your analysis. You can always expand as you get more experience, or change your strategy later.