Stop overthinking it- Things will not be perfect when you start!

[Shawn Ackerman]

Do you want to invest or naw?  I am tired of the double douching when it comes to investing OOS.  JUMP and figure it out on the way down.  I traveled from NY to Milwaukee over a decade ago and bought my first rental and never looked back.  I've had countless setbacks along the way but I jumped. Then eventually jumped from my 9-5  I've bought single family, Duplex, Triplex, Fouplexes and even a 10-Unit.  Would not have achieved my goals without taking the leap of faith. If I had any advice for a new investor looking to buy and hold OOS. Find the following;

1. A Landlord "Friendly" market

2. A market that you can buy 1.5-2% Price to rent ration deals

3. A Market you can build a team in

4 A Market that has both single and multi families

5. Population above 400K people in it.

6. Ideally the Midwest

7, DO NOT BUY TURNKEY PROPERTIES( you will be leaving so much money on the table)

8. Find a way to buy off market, discounted properties(Major Key)

Add your own metrics to the list above....But once you identify your metrics start analyzing deals and pull the trigger on something.  End of my rant!!!!

Carry on people......

[Kerlous Tadres]

From my experience, the biggest wins come when you stop overthinking and just jump in, but do it smart. I’d make sure the numbers actually work: aim for at least 8–10% cash-on-cash after all expenses, and make sure it still cash flows if rents dip 10%. Midwest markets like Columbus are great spots to start landlord-friendly, affordable, and full of value-add deals. And I’m with you on the “no turnkey” rule. Light rehabs where you can force a few hundred bucks of rent growth are gold for new investors.