Paralysis analysis or not

[Keyur Patel]

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.

[Bill Plymouth]

@Keyur Patel be weary while working with wholesalers.  Make sure the ones you are with are reputable and professional.  I’ve run into a lot of wholesalers who don’t truly understand how to analyze a property and use comps that don’t really work with the property they are selling.  Also, use your own contractor on the initial walkthrough of the property.  Don’t take their word on repair estimates.