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Updated 15 days ago on . Most recent reply

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Big Time Analysis Paralysis

Posted

Hey everyone, I’m new to the community and just getting started with real estate investing.
 
I'm looking to focus on flipping and the BRRRR strategy, but I'm doing this remotely and out of state, which adds an extra layer of pressure. I'm nervous about picking the wrong market to start in; especially since I'm relying heavily on data, virtual tours, and local connections I'm still trying to build.
 
I'm currently focusing my efforts in the St. Louis County Area but I’ve noticed homes sitting on the market for 100+ days, even in areas and zip codes that are supposed to be “sought after.” That’s made me second-guess what’s really moving versus what’s just marketed well.
 
I'm also struggling to find good off-market deals. A lot of what I'm seeing from wholesalers seems overpriced, or the numbers just don't add up once you dig into the rehab and ARV. The competition feels intense, and I'm not sure how to get ahead when I'm not physically there.
 
How are you finding reliable wholesalers who actually know how to underwrite deals properly? Any tips for building a strong remote team or vetting markets from a distance?
 
I’d really appreciate any advice from those who’ve done it remotely. Thanks in advance!

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Robert Masucci
  • Real Estate Consultant
  • Remote
20
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46
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Robert Masucci
  • Real Estate Consultant
  • Remote
Replied

Hey Christopher, best advice especially if you're new to this industry is to not invest outside of your immediate area. Look for deals in areas you're familiar with and have a deep understanding of the market conditions and can get to the property in a reasonable timeframe in the event you need to. This will make your life so much less stressful. Hope this helps a little. 

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