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Andre Crabb
  • Investor
  • Tampa, FL
90
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205
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How to spend six months?

Andre Crabb
  • Investor
  • Tampa, FL
Posted Mar 4 2018, 11:21

Hey all,

So I'm new to investing. My goal is to buy two cash-flow-focused multi-family properties by the end of the year with the savings I've got in whichever state makes the most sense for me. However, I'm traveling abroad for at least the next six months.

How would you spend that time?

  1. Learning? Analyzing markets, getting a solid picture of what numbers could be in certain areas, learning how to do rehabs & repairs, etc
  2. Networking? Regularly calling agents, property managers, potential partners, etc.
  3. NOT waiting? Just get my first deal done already.

I see some pros and cons to the time

  • Pros: time to learn before jumping in and losing all my money in a bad deal, they say its best to buy in the winter anyway, its still a sellers market right now
  • Cons: "forced" analysis paralysis, no US REIAs where I am / networking in person, any deal I do now I'll be 100% remote which is intimidating for a newbie.

What are your thoughts?

Cheers,

Andre

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