Brand New to Real Estate Investing

[J Acosta]

Hi. I'm Jason from central Georgia. My main interests are BRRR properties, single and multifamily, or at least I think they are based on what I've learned from this site and podcasts. I have a full time job and will invest in real estate to grow net worth, provide a little cash flow to retire in 10-12 years, provide a little tax deferment on investments, and some diversification outside of the stock market. I don't have a lot of time, and probably not a lot of hustle. Fortunately, I have a little money, great credit, and lots of equity in my primary residence. I could probably buy a first rehab property in cash, but don't necessarily want to do that. I'm very handy in all things construction and home repair, but not trying to buy another "after hours" job.

I usually lurk on a site before joining, but BP provided value right out of the gate.  I want to treat this as a business and the Pro membership seemed like a reasonable business expense.  The value of the calculators and access to past webinars alone is worth the $$. I'm sure the relationships will come.   

My goal is to have the first property under contract first quarter of 2020.

• Progress on Goal
  -I've read several of the books on this site on REI and Rehab Estimating.
  -I have evaluated 2 properties on BRRR and 3 on Straight rental.
  -I've site visited one property with an agent.
• -I've contacted a second agent in a nearby market.  
• -I met with a loan officer of a community bank to understand how they would handle the BRRR and get some closing cost estimates.

My biggest challenge is evaluating the numbers on properties. I understand the financials, but I have no idea about estimating ARV and Rehab costs quickly. On so many podcasts, I hear folks say they evaluate a property in a few minutes. Some don't site visit a property until after an offer. Since I'm starting from scratch, this is my biggest gap. Still looking for the easy button, I guess. Any guidance is appreciated.