$150k to Invest in PHX.. Analysis Paralysis, Info overload

[Peter D'Auteuil]

I'm a aspiring investor that has been sitting on the sidelines for far too long. I'm 28 and I live in California, recently moving from San Francisco back to my home town in LA, two of the most expensive places to buy.. So I've been interested in the Phoenix metro area because it is one of the closest OOS areas to invest with good opportunity. I have lots experience managing property and airbnb rentals but never completed my own investment, let alone rehab.

I am very interested in a value add project, but afraid of getting in over my head, overpaying and blowing it. There is so much great information and opinions flying around that I'm having trouble settling on one area, and one strategy. I feel pretty well educated, but it feels like the overwhelm and fear is the biggest obstacle in my way of getting my first property. 

I'd like to hear anyone's two cents on moving past being overwhelmed and getting their first property in their portfolio. 

[Don Pearson]

Hey Peter, Real Estate is a team sport - take your time and put together your team; pool everyone's resources, be it cash, knowledge, network, etc. Multiple inputs from a trusted group can help you get past the paralysis we've all been through.

I also agree with @JulioGarcia - there's still plenty of opportunity here in your own backyard! Unless you have a team, or some other network available OOS, tread carefully and go in ONLY after you know/understand EVERYTHING about that market, asset type, partner, etc. 

Happy hunting!