All Forum Posts by: AJ Felix

@Joe Villeneuve Ok so you are basically saying if the simple math adds up from your explanation its a deal, and Do not begin to over rationalize with extra details such as what I was initially asking in order to validate the property as a good deal?

@Nicole Heasley Beitenman I am interested in 3/2

@Joe Villeneuve Understood, but how do I find out if the market will generate cash flow, how do I find the cost to enter the market, what tools are available that would allow me to choose a market in my area of interest and analyze details, zip codes that support what my strategy and niche?  I just do not understand the process to acutally learn where to concentrate efforts. Do I just google best place to invest, you understand where I am going?

As an example, I want to be a single family buy and hold investor and start locally. I understand the general process but do I just pick a house and get a deal? How do I know if it is in a good area, low crime, appreciating, increasing population growth, affordability, job growth, etc? And yes, I would have these and my criteria defined prior to pursuing the deals.

As I have been reading once important topic I came across that is critical to investing is learning your market. I am still unclear of what one needs to learn, how to learn, and what resources are used to learn the markets; any software to assist?

Yea I can give it a swing that way and thanks for all for the advice. 

@Andrew Syrios thanks for that helpful information, however, I am still left with another. If I perform pre-offer inspections as a newbie how do I know what I am looking for? should I take inspection classes? Lastly, When I do perform my pre-inspection how do I formulate cost of materials, labor, over head, etc? 

So as I have read so much information related to real estate investing I am left with some questions that appear unclear. As a BRRRR investor analyzing so many deals and making offers on even a smaller percentage of those deals when and how does one inspect the property? I am confused when inspections would take place. For example, I analyze deals that meet my criteria and as I analyze the deal in order to make an offer I would need ARV (which could be determined by comps) in addition to max price I am willing to pay based on analysis that would make the property a good deal. In order to get to figure out if the deal would for sure be a home run I would need the Rehab estimates. How and when do I get those, do I go to 60 houses a year to inspect and if not do I use someone to do it? can someone please clarify this part! How do I get the Rehab estimates and do I do it after I put a property under contract or before?

As I read and learn about investing one question seems to linger, Is the market in saturated in general for investors locally, nationally, etc.?

@Nicole Heasley Beitenman P&I, taxes, insurance, Hoa takes up 14% of the total monthly after tax Income. 56% is associated with living, operating, and whatever expenses. 30% goes to the bank monthly.

@Whitney Hutten So I assume by building the team that means to begin interviewing, asking around, etc? and when you say leverage other people's systems what do you mean exactly ie provide me examples please?