New member introduction

[Andy Washington]

  Hello BP community! My name is Andy and I am a newbie to the investment side of real estate. I am a coach/teacher in the state of Georgia where I spend most of my days investing in the lives of our youth. It is time to diversify the portfolio and invest in the wealth of my family and create positive pure cash flow. I am looking to cash flow single or multi family housing. I consider myself a lifelong learner and understand it is all about being consistent during the process. As the journey continues I would like to be able to teach and pass on what I have learned through investing in real estate!

[John Sledge]

@Andy Washington If you are interested in value add rental properties key to success is knowing how to analyze comparable sales. You can analyze sales similar to you project to determine the As Is value. If you analyze sales of similar size that are selling at the higher end of the market you can determine what renovations are needed to complete at the higher sales price. This is critical to ensure you have completed enough renovations to complete but not completed renovations that are not required in the market area. You can also use these sales to determine your ARV so that you can ensure you are able to refine makes sense. Best of luck and let me know if we can be of help! John