Paralysis by analysis

[Eric Allan]

Writing from Chicago.

I've been fumbling around with the idea of real estate investing for a good long while.

I've figured out that what I want to do in real estate is to save interesting, neglected old buildings and give good people a decent place to live. You can see the challenges...investing time and money in a communities where I may not be able to get the rents that make a deal work. Put another way, I'd be trying to overturn years of bad policies and revive a building, a block, a community.

I can find properties online. I have an insurer, a home inspector and an attorney. Lending isn't an issue.

I think the toughest part is finding a contractor who I can work with on a small multi-family...two to six units.

I'll state up front...I'm not interested in wasting anyone's time. If we can exchange a few emails as I find properties, that would be great. I might send you a link to a property and ask for a ballpark cost on a rehab.

Let me know if this makes sense.

Thanks