Having trouble getting started

[Daniel Gilbert]

Hello, my name is Dan. I currently own my own home outside Charlotte, NC. I am looking to purchase my first rental property. I have cash to do it and have an approval for a mortgage. I have read a few books and have some basic knowledge but no real work experience. My issue that I am having is that I am having difficulty finding a property that would be profitable. Every property I look at and analyze in a proforma comes out looking like a bad deal. Is this typical? Is it normally difficult to identify a good deal or am I just doing something wrong? Could it just be the current market environment and now is just not a good time to buy? Any advice would be helpful, thanks!

[Justin Winn]

@Steven Moore makes a great point. Getting clear about what your goal is will help you remove some of the barriers to taking that first step. It sounds like you’re ready to jump in the pool, you’re just not sure where to swim once you’re in. Good luck, I’m excited for you.