Updated over 6 years ago on . Most recent reply
Paralysis analysis or not
I don’t know if I’m being too picky or if the deals are just too scarce in my area or maybe I don’t know where to look. I’ve been reviewing and analyzing deals for a few months now and haven’t had any luck with finding deals that make sense for me. I’ve been looking to find rental properties that are distressed enough to where I can force appreciation through rehab, have at least $200 in cash flow and avoid D class neighborhoods. I’ve had a few deals where the properties fit my criteria but before I can even go see it, it got sold.
What's worse is, I can't seem to focus on any one particular strategy. One day SFR seems like the way to go, then I see multi family as an easier way to achieve more doors in a shorter span, then I see short term rentals as a way to have higher cash flow each month.
Being that I am just starting out, I didn’t think long distance investing is the right move for me at this time. Any advice is greatly appreciated.