All Forum Posts by: Alex Wehri

Hi BP!

Beginner RE investor from Columbus, OH here. I had a sit-down with my investing partner @Andrew Vanderford yesterday, and we laid down some new steps on how we can progress further. We are interested in Buy and Hold investing in preferably multifamily homes.... And being landlords.

Besides continually growing our down payment/liquid cash fund(which is starting to become quite nice to look at, haha! :) ), one of the steps we really want to take next is to get in the habit of analyzing deals, hopefully at least 2 per day.

I know this is common advice given around here, could anyone give us pointers on how to most efficiently do this?

1) I'm assuming we can find a bunch of deals here on BP Forums or on the site. Could anyone breakdown what numbers most specifically we should be looking at, specifically? What else can we look for when deciding what makes a deal good, bad, average etc? What might be some things rookie investors might accidentally "miss" their first time looking over a deal?

(We are familiar with the 2% and 50% rules as well but doesn't hurt to go over them again :) )

2) any tips on how we can analyze more "real life" deals, preferably ones that are happening in our city of Columbus, OH? What are some good ways to see past transactions, properties other investors in the areas have bought? Does anyone have any advice on how doable this is?

Any advice in general is really appreciated as we believe this is the next step to furthering our RE education, as we are going to be more aggressively looking for properties soon and want to have as much experience with analyzing numbers on deals as possible!

Thanks in advance. You guys rock and I am extremely grateful for any pointers that anyone has. :)

Alex

PS - We will be attending the community meet up on Thursday night! (For anyone else attending in Columbus OH - excited for the chance to meet you! :) )

Woooow!!

Thank you for all the love everybody!

I am honestly addicted to the Podcasts. I listen to probably 3 of them a day. They are amazing. I can feel my knowledge growing, and I know I am getting closer and closer to my first deal, it's just a matter of when. I'm not even worried about it, I'll be ready when I meet it :)

I recently read Rich Dad Poor Dad and WOW! I love the mantra, "it's not how many dollars you earn, it's how many you keep...." And I live my life that way. I am in a sprint right now, working as much as I can and saving every penny I can. I gotta say, my down payment fund has blown up and it's becoming really nice to look at :)

Really looking forward to exploring investment opportunities!

In the mean time, anyone have any other books they recommend us newbies check out??

Thanks again for the kind words, everyone! 

-Alex

Hi guys! I am 27 years old and live in Columbus, OH. I am interested in continuing to expand my real estate knowledge and get started with my first deal. I basically have my down payment ready to go, I am basically looking for the right multifamily(2 3 or 4plex) unit in Columbus to purchase and house-hack, using an FHA loan!

I have already spoken with a mortgage guy, and right now with my current income I could qualify for a mortgage of about $175,000. BUT, I am more than willing to look at more expensive properties because I have a peer partner who wants to invest with me and has a similar income scenario.

Looking forward to continually learning more + participating in community meetups! :)

Alex