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All Forum Posts by: Kristen Reyes

Kristen Reyes has started 7 posts and replied 21 times.

Post: So what's holding you back?

Kristen ReyesPosted
  • Crown Point, IN
  • Posts 26
  • Votes 18

@Frank Patalano I have not bought my first property yet. I have been reading as much as i can for about 3 weeks and have decided to go with the BRRRR strategy.

Now what is holding me back- the idea of rehabbing a house without knowing contractors ahead of time. It will be so hard for me to get an accurate idea of a full rehab costs which would translate into big losses for me. I just worried about getting ripped off by not knowing much about house repairs.

I guess my main fear is not knowing who to work with. The right realtors , contractors, management companies etc.

The only other thing is knowing that I am going to invest in the right market in my area. I am in NWI btw. I know crime rates should be low, but what else do you consider when investing? Do you look at overall percentage of renters in that city?

Thanks for taking the time to read all these and respond. You are beyond awesome!