I'm looking for my first deal. Buy and hold, short term rental. I live in Colorado, but I'm looking in Delaware close to the beach (grew up around DC and vacationed in DE). I'm in paralysis, lacking even the analysis piece. I've been lurking in here for 2 years. I'm a licensed agent in Colorado.
@Paul Bredehoeft Welcome to the BiggerPockets community! It definitely sounds like you are experiencing analysis paralysis which is something many investors face before purchasing their first deal. The key is to start analyzing properties consistently and taking small, intentional steps forward. I also encourage you to attend your local REIA meetings where you can network with experienced investors, learn from their experiences and build your confidence. Wishing you all the best on your investment journey.
Congrats Paul--you're officially no longer a lurker! Now go pick 5 properties in that area (I'm partial to Fenwick because it's quiet) and run the STR calculator from our site to see what you can learn about your choices. https://www.biggerpockets.com/investment-calculators
If you run out of free calculator reports--DM me. Happy to give you more as your first accountability check.