All Forum Posts by: Evan Eldridge

@Nathan G. I really appreciate the advice. That’s exactly what I needed to hear. There is a huge rental market in my area and I believe that I can tap into it. Thank you!

@David D'Errico Thank you, David for reaching out and the words of encouragement! I just need to commit and follow everything that I’ve learned.

I am new to real estate investing, but have been researching nonstop for over a year now and am stuck in analysis paralysis due to inexperience and fear. I am looking to get my first deal under my belt, but am torn between starting out with a fix & flip, or renting out a property. I have $10k set aside for a down payment whatever I choose to do, which I know is not very much for a down payment, but I plan on purchasing a discounted / distressed property and possibly getting a renovation loan if I go with a fix & flip. I just don't know which strategy / structure I should go with for my very first deal. I understand the pros & cons to each option. Any words of wisdom from an experienced investor would be much appreciated. 

@Dave Hutson thank you for reaching out Dave. I have not really explored house hacking, as my strategy is to buy, fix, and flip a few distressed properties using renovation / hard money loans that will cover the home cost + repairs. I figured flipping a few properties, with a minimum $10k profit on each one would allow me to acquire the capital necessary to get into the buy & hold business. But again, I feel like I’m stuck not knowing which route to go with getting started.

@Saravanan Saravanan Thank you for the words of encouragement and info!

Looking to get my very first deal done. I’ve been extremely interested in fix and flip opportunities for about a year now and feel like I’m going through major “analysis paralysis”. I need to find a mentor, preferably someone in the Michigan area. I just finished college and have about $8,000 in savings. I live in Battle Creek, MI and have a reliable contractor ready to rehab my first deal. I feel like I’m lacking direction and am nervous to pull the trigger on a property due to my inexperience. I’m very driven and want to be a successful real estate entrepreneur like many others, but am struggling with finding the right property.