All Forum Posts by: Eddie Brady

@Rachel Mutts You are exactly where most investors were when they started. The way I broke out of my analysis paralysis was to take one small step every day towards buying a place (all while saving money in the background). For me, it looked something like this:

Day One- Researched best real estate rental markets on google. Found a handful of midwest cities

Day Two- Chose one city, Indianapolis, due to the strong rental market and increasing population (among a list of other good things)

Day Three- Found a Realtor in that area by searching on BiggerPockets "Network" Tab. My Realtor was investor-friendly which is why she listed herself on BP. Told her what I was looking for which was Single Family 3 bedroom 1+ bath under $80k

I then got referrals for nearly everyone else on my team from my Realtor, and eventually, my Property Manager. It took me a couple of months after that to finally close on a property, but taking those small steps each day were all I needed.

Don't beat yourself up over indecision. You'll have times you are rocking and rolling and others where you are stuck because you are over-analyzing, or just don't know what to do. On those days, just take one small step forward. No one on this site was an overnight success.

@Nick Giulioni thank you!

@Ric Ernst thanks for the referral!

Hey all. I'm currently looking for an Indianapolis based real estate attorney who is experienced with the ins and outs of wholesaling and assigning contracts. If you have any referrals, please send them my way!

@April Causapin I personally don't like the numbers when I see them. Have you considered investing in cheaper markets/out of state? Message me and I could at least point you towards markets that have better price-to-rent ratios than greater LA.

Hi Ashely, PM me and I can connect you with some people

Great town! Any info on your rent and ARV?

@Colin McCarthy What city? 

@Nicole Nicole This is where a good agent comes in handy. It seems like they are not representing you, but representing the seller. You really really need to read through the entire contract. 

Hi John. You should definitely contact other lenders ASAP. I've never heard of a "manufactured" home having an effect on loan terms unless you mean a mobile home. As for it not being owner-occupied, this is usually mitigated by the lender having you put 20% down. Is this loan going to be in your personal name or business name?