All Forum Posts by: Andrew Syrios

Welcome aboard Manly!

 I would point you to my long piece on due diligence. I think you'll find that helpful (or at least hope so): https://www.biggerpockets.com/...

The best markets to BRRRR in are generally the midwest and southest (i.e. Oklahoma City, Kansas City, Des Moines, Birmingham, Memphis, etc.). The coasts are too expensive and the Rust Belt is pretty run down. But there are definitely still opportunities in the Rust Belt.

Almost every new investor (and many seasoned investors) don't budget enough for repairs. They often skimp on due diligence (don't look for wood rot, don't scope the sewer line, etc.) but almost always just budget not enough. We always include a 20% contingency for unforeseen items and that has served us well. I would recommend the same.

Welcome to BP Derek and best of luck investing!

Some are good, some are bad (a few being even scams) so do your due diligence (meet with them, see their work, call references, look at online reviews, ask around, etc.) But even the good ones aren't going to get you great deals. You'll be buying at something close to market usually, maybe even a bit over. But the good ones will manage well and in the long run, owning real estate is huge for your net worth. 

$10,000 ain't a huge sum. Do you have a friend, family member or someone like that who trusts you and can either get a private loan from or partner on with?

Welcome aboard Ray!

Welcome to BiggerPockets Jonah! It's probably not the best time to start investing, but it's all about getting a good deal. If you can get some built-in equity up front, even the market dips, then you should be OK. Time in the market > Timing the market.

Welcome to BP Tomeka!