My name is Keaton Edwards and this is my first time on bigger pockets. If there is anybody in Evansville Indiana who could give me some tips and pointers I would greatly appreciate it! I’m interested in building my portfolio and equity through rentals but also would love to flip. Thank you guys!
Hello and welcome. I lived in Evansville for a few years and recently moved but still invest there. I would start by making sure you have solid financials, for peace of mind and easier to get loans if you want/need them. I paid off all of my debts and then started saving. After you have some sort of cushion, start researching the types of rentals you are interested in, single family homes, small multifamily homes, etc. I would stick with one investment strategy to start and then branch out as you get comfortable. Good luck with everything!
You are in the right place to learn and connect with people, Keaton! Welcome aboard and best of luck investing!
Keaton, welcome! I invest in Evansville and it has been a great journey. Are you located in Evansville or invest remotely?
My main tip regarding rentals would be to make sure you screen your tenants well, because the eviction moratorium gave incentive to some tenants to stop paying rent. My tenants are alright, but I have friends whose tenants didn't pay for a while.
I local investor and live in Evansville. I have several properties and self manage. Feel free to reach to me if you need anything. Also there is a local investor group that meets the second Tuesday.
Welcome to Bigger Pockets and good luck on your Real Estate journey :)
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you