Found this forum while watching tons of videos on you youtube. A little bit about myself:
Roughly 7 years ago I became a contractor focusing on working for investors and property managers in the evansville area. Ive taken the approach of learning from diving in the deep end. So I have been hands on learning the construction side of things to get a better understanding of what breaks the most, what materials last longest, etc...
While doing that, I am always asking questions along the way to get a better understanding of why investors make the decisions that they do.
I have set a personal goal of starting out 2020 with my first property and diving off the deep end yet again. I would love to talk shop with realtors and investors to see what works for everyone in the evansville market.
I’m a realtor and investor in Evansville. What are you interested in doing? Are you looking to get into rental houses, flips, or something else?
I was debating on starting out with a flip or two to generate the cash reserves to get into some rentals.
I've learned over the years that construction costs are what can kill an investment, but seeing as how I have a good understanding of that I don't think it will be to much of an issue.
When I initially walk a property for a bid, I know to pull the carpet at an hvac floor vent to check for hardwoods. Or to stick my head in the attic to sort out the load bearing walls, push on the walls under windows to find rot, take off a switch plate to find out the truth of how the house is wired (just because you see new wiring, doesn't mean the whole house has actually been rewired) and so forth.
I'm always asking neighbors if they know anyone selling their beat up houses whenever I'm out working.
I've got a couple off market houses I've kept to myself to be ready for purchase. Right now I am in the credit repair phase, so once my score gets up there a little more I can hit the ground running.