Slow and steady wins the race, right?
This week (hey for a year) I have plugged in numbers in my calculator for a number of properties. I still haven't found one that I feel will cash flow enough to make it worth it. My husband says I may be too conservative, but without a lot of experience, I am estimating on the higher side (at least a month vacant, capital expenses around 6 %, and taxes are not cheap in my area - at least accuoding to my REI sister in Denver).
So if the MLS and a realtor aren't finding me properties, I may need to start looking at FSBO, or starting yellow cards, but I was really hoping to avoid that route. I will keep plugging away, and jump on oppurtunities each morning as I see them pop up. With Zillow and Redfin giving me daily updates, I hope to find something soon. It will be a year in March since I joined Bigger Pockets, my financing is lined up, I found an agent who focuses on Investors (but cash buyers, and I am not there yet), and now I just need the right property. Will I find that perfect property soon, I hope so. By writing I hope to stay true to myself, keep myself honest, and hopefully see where I can improve.
Stick with it, that is my mantra, I will make this work.
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