All Forum Posts by: Andres Felipe Aristizabal

@Mahdi Mortazavi I’m a real estate agent in NYC, took the real estate u course online. Was cheap and was pretty good. I believe Groupon has a discount when I signed up

Hey guys! So I just started doing cold calls (and prospecting like this) in the NYC area and noticed that a good amount of the RedX leads that I've been getting with the Geolistings either are disconnected numbers or just the wrong person. Anyone else having this issue? What do you guys use in the city? I do have to say that I love the role playing service it offers! Any suggestions? 

Any book recommendations??

Hi all!

Just wanted to see if there are any investors out there from Colombia, South America on the site!

- Andres

Hi BP community!

Had two questions pertaining to % owner occupancy and median income when looking at a market. The first is the % of owner occupants, and wanted to know what exactly a low % of owner occupants in market is supposed to signify. I'm sure it could mean various things, but would that mean that perhaps the people in that market (when looking at it in conjunction to median income) can't quite afford to buy a house? Perhaps it means that they rent more? I have heard that a higher % of owner occupancy was a good thing and I figured that it meant that if you were to find potential tenants for your property they would tend to stay and longer and perhaps treat the property as their own home (meaning that they would take more care of it as opposed to let's say a rental/apartment). Now that was just my take on it but what would a higher % of owner occupants signify/what could it signify?

As for median income I know that there are some that look at it as one of the indicators they would use when determining where they would like to invest, and I realize that a higher median income would give people the opportunity to be able to afford more/rent/etc. I also know that median income varies, my question has to do more so with the average price of homes in an area in relation to the median income. Should I be looking at places that have incomes that are smaller perhaps than a certain % of the average home price because it could signify that those in the area wouldn't be as capable of purchasing a home? I'd love to hear any thoughts you guys might have pertaining to either of the two that I mentioned. That and what you guys tend to use as general indicators, I've been looking primarily at population & job growth, along with unemployment to lead me to several markets.

If you managed to read all that thank you, and if you comment double thank you in advance!

Andres

(P.S I'm also curious as to how you can tell when there is an over supply in a market when you're out of state apart from checking the forums, where do I find building permits and what would I compare the amount of permits issued to? Previous year? Thank you!)

Hi BP community!

Had two questions pertaining to % owner occupancy and median income when looking at a market. The first is the % of owner occupants, and wanted to know what exactly a low % of owner occupants in market is supposed to signify. I'm sure it could mean various things, but would that mean that perhaps the people in that market (when looking at it in conjunction to median income) can't quite afford to buy a house? Perhaps it means that they rent more? I have heard that a higher % of owner occupancy was a good thing and I figured that it meant that if you were to find potential tenants for your property they would tend to stay and longer and perhaps treat the property as their own home (meaning that they would take more care of it as opposed to let's say a rental/apartment). Now that was just my take on it but what would a higher % of owner occupants signify/what could it signify? 

As for median income I know that there are some that look at it as one of the indicators they would use when determining where they would like to invest, and I realize that a higher median income would give people the opportunity to be able to afford more/rent/etc. I also know that median income varies, my question has to do more so with the average price of homes in an area in relation to the median income. Should I be looking at places that have incomes that are smaller perhaps than a certain % of the average home price because it could signify that those in the area wouldn't be as capable of purchasing a home? I'd love to hear any thoughts you guys might have pertaining to either of the two that I mentioned. That and what you guys tend to use as general indicators, I've been looking primarily at population & job growth, along with unemployment to lead me to several markets. 

If you managed to read all that thank you, and if you comment double thank you in advance!

Andres

(P.S I'm also curious as to how you can tell when there is an over supply in a market when you're out of state apart from checking the forums, where do I find building permits and what would I compare the amount of permits issued to? Previous year? Thank you!) 

Thank you all for the responses! Great book so far, but I agree with all of the comments that you guys made. Still a full time student and just became an agent but I will definitely continue to learn and meet others at the meet ups/on here so I'm going to focus on the analyzing and saving up capital for mean time! 

Hi BP Community!

I've been learning and attending real estate investing meetings for the past couple of months now. I recently started reading The One Thing by Gary Keller, and came across the part where he asks the guitar teacher if he had to learn one thing from guitar (with the limited time that he had to learn) what should he learn. In other words I guess, what would be what he considered to be the most important thing to learn. Now I'm not saying that I'm limited in time, but I am curious to hear from others who already find themselves investing what they would consider to be that one thing. What is the one thing, if someone had to learn something about real estate investing, that you believe would constitute as being the most significant/important to know/understand? And why?

Thanks!

Hi @Haley Rice! I'm also from the city trying to look at other markets to start as well. Was wondering if you had had any luck finding a market. Any advice also would be very helpful and appreciated, thank you and all the best!

@Emma Brooks Curious as to whether you ended up converting the basement, and if you did how much you were able to do it for. Thank you and happy (almost) new years!