New to Real estate investing
Hey everyone, I just turned 23 and want to start buying property asap. I'm from Chicago and I currently do Airbnb arbitrage on a 4bed house in indiana. The place does well so I want to expand and buy a place in the same area with my partner. I had a few considerations in mind...
realtor?: it's my first time buying property so I feel like a realtor might help, but I don't like the idea of paying up to 3% in commission fees (unless she can convince the seller to pay it).
Expensive or cheap: it's my first place and I don't know if I want to get a cheaper deal but 2 bedroom, but idk if it would pay as well. Or pay 100-200k more and get a bigger unit that I know would do well during fb season. I think I'd be able to expand faster if I get the cheaper unit...idk
location is also a deciding factor - part of the reason my current unit does well is bc it's within walking distance to the college stadium.
I'd love to hear your thoughts!
Most Popular Reply
Working with a good investor-friendly agent is well worth it in my opinion since there's a lot of education and things to know about real estate investing (especially in a particular area). There's a lot that can go wrong if you don't have experience. Oftentimes a seller is willing to pay a buyer agent brokerage commission for the right price.