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My Second Property

Finding a Deal Finder

11/13/2017

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Always think one step ahead. Two steps ahead. Five steps ahead.

In March of 2017, I flew out to Indianapolis for the first time in my life. I had just completed renovations on My First Property and was looking forward to seeing the investment with my very own eyes. I really had no idea what to expect.

"Did I really buy a property 2,300 miles away without ever seeing it in person?" Yes.

"Did I really renovate it without keeping a close eye on the contractors?" Yes.

"Am I crazy??" Probably.


However, my PRIMARY goal of flying to Indy was actually NOT to check up on this property. Yeah, I needed to see it, but really, it wasn’t my sole objective.

Always think one step ahead. Two steps ahead. Five steps ahead. 
My goal was to build relationships in Indy. Relationships for the future.

Within 2 hours of landing in Indianapolis I met my property management company and contractor, walked through the property, and obtained keys for the front door. I knocked those tasks off my list as soon as possible so I could focus my time and energy on the future!

The next 36 hours were full of meetings with local agents, investors, deal finders, driving neighborhoods, walking through properties, and checking out contractor rehab quality. Oh, and there was a great lunch, refreshing beers, and some sightseeing along the way as well.
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My quick weekend itinerary to Indy in 2017
In a quick day and a half, I put together the foundation for My SECOND Property and now have multiple funnels to find my next investment:

-I can scour the MLS (Zillow and Trulia) and find a deal with an agent
-I can work with a couple new turnkey companies (that are MUCH better than the company I worked with before). They focus on properties at a higher price point, with higher rents, and better neighborhoods.
-I can pick up a distressed property through a wholesaler and renovate it with a new contractor.


Takeaways
​-Always think toward the future and see how actions now can impact your long-term goals.
-NETWORK. NETWORK. NETWORK. Meet people online, in real life, talk to them on the phone, via email, and text. These connections will be the foundation of your future.


Happy Investing!
​-Tyler
Next Post: Securing Financing
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  • Start Here
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  • Latest Posts
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