All Forum Posts by: Travis DeForge

@Daniel Buck

1) Figure out what type of real estate investment you want to get into. Get laser focused on that. A lot of times when people start out with a new investment class they are learning so much so fast they learn a little about everything. Find what makes you the most comfortable and zone in on it specifically and deliberately.

2) Determine who your target customer base is going to be based on the type of real estate you decided on in step 1.

3) Come up with a list of criteria that would be important to that specific customer base. Sort those criteria into a few categories and rank them from most to least important.

4) Look at different areas that meet the top criteria that you have set. Once you have found a few areas that you assess will have your target customer base then it is time to start looking for the deals.

By knowing the "where" and having multiple options on standby for places you would like to buy in, it gives you the flexibility of being able to talk to several brokers in different markets and finding the property that is going to work for you mathematically in a location you already know is going to be effective for your target audience. Knowing that at least the location is right will give you a lot of peace of mind going into your first deal.

If I can help expand on this anymore for you feel free to message me any time.  

@Joe Villeneuve, That's awesome! Making the adjustments consistently is definitely the key

Hey everyone!

My question is: what parts of finding the right property or the right market to buy in is the most challenging for you?

I do predictive analysis for a living, meaning I lead a team of people who gather tons of information, sort out what is actually important, and provide answers/analysis to customers on whatever is important to them. I've found personally that this process has been fantastic for finding the right states, towns, even down to the right city blocks, to invest in. 

I am working on a guide to help new investors do this and sort through all the information out there without running into "analysis paralysis". Any suggestions based on personal experience of topics that will benefit people would be greatly appreciated.

Being stationed in Germany with the Army is holding me back! Out of state investing is one thing, but for some reason out of country investing seems more daunting (probably all in my head). But, moving back to the states in 2 months, so my excuse has a shelf life!