All Forum Posts by: Andrew Fredrickson

@Jace Peters welcome to BP! Sounds like you're on the right track. Definitely spend a lot of time reading on the BP forums. There is so much GREAT information! 

Best of luck! 

-Andrew

@Alisha Gilliam welcome to BP! 

This is what I would recommend if I was starting my REI journey from the beginning:

• Read Brandon Turner's book on Rental Property Investing https://www.amazon.com/Book-Rental-Property-Investing-Passive-ebook/dp/B018UTI2DO
• Listening to the BP Real Estate podcast https://www.biggerpockets.com/podcast
• Listening to the BP money podcast https://www.biggerpockets.com/moneyshow
• Attend your local REIA meetings to network (search for your area https://www.biggerpockets.com/forums/521-events-and-happenings)
• Start analyzing deals to get practice
• Engage more on the BP forums
• Post a profile pic :)

All the best!

-Andrew

@Emmanuel Hudson welcome to BP!

These are my recommendations:

• I would recommend https://www.amazon.com/Book-Investing-Real-Estate-Money/dp/0990711714
• I also recommend https://www.amazon.com/Book-Rental-Property-Investing-Passive-ebook/dp/B018UTI2DO
• This blog post also covers some good financing options: https://www.biggerpockets.com/renewsblog/finance-your-first-deal/
• Keep listening to both the RE and Money podcasts!
• Attend your local REIA meetings to network
• Start analyzing deals to get practice
• Engage more on the BP forums
• Post a profile pic ;)

All the best!

-Andrew

@Chris Crespo welcome to BP!

This is what I would recommend if I was starting my REI journey from the beginning:

• Read Brandon Turner's book on Rental Property Investing https://www.amazon.com/Book-Rental-Property-Investing-Passive-ebook/dp/B018UTI2DO
• Listening to the BP Real Estate podcast https://www.biggerpockets.com/podcast
• Listening to the BP money podcast https://www.biggerpockets.com/moneyshow
• Attend your local REIA meetings to network
• Start analyzing deals to get practice
• Engage more on the BP forums
• Post a profile pic ;)

All the best!

-Andrew

@Kevin Mathew Galang  

A few suggestions: 

• Welcome and say hi to new members: https://www.biggerpockets.com/forums/55-new-member-introductions. Many new members are glad to see replies on their posts whether they are from experts or not. 
• Setup keyword alerts for your local area. Reach out to the members in these threads and see if they would like to connect.
• Teaching others in one of the best ways to learn a subject better yourself. Do a quick forum search on something you want to learn more about, take a couple hours or days to do research, and then share what you've learned with others that have questions about the same thing. 

Just a couple of ideas.

All the best!

-Andrew

Welcome @Breanna Prather !

Gaining first-hand experience alongside more seasoned investors/flippers is certainly a great way to learn! 

My suggestion would be to find a way you can add value to the investor so that is it worth their while to help coach you. Maybe you offer to help find deals, do rehab work for free, or help with marketing. Find some way you can add value and more seasoned investors will be willing to work with you.

All the best!

-Andrew

Hi @Jonathan Martinez !

All cash offers are pretty enticing. However, some alternatives to make your offer stand out are:

• Get a quick moving lender and offer a sooner closing. Sellers usually want to close asap. You still probably won't be able to close sooner than those with all cash, but I still should help your offer. 
• Have fewer contingencies in your offer. You will likely be risking your earnest money more, but sellers usually like to see fewer contingencies. 
• Give multiple options in your offer. For example, you could offer to pay their closing cost. Or offer more and ask for closing credits from them. Or see if they might be interested in owner financing for a higher sales price.
• Mail the owners a personal letter letting them know who you are and what your plans/dreams for their property are. Make a personal connection.

These are just a few, but I'm sure there are a million different ways to increase your chances. 

All the best!

-Andrew

 If it were my property, I would likely try and raise rents, refinance, or sell it. 

@Gregory Winter sounds good! Just make sure when you analyze the numbers to factor in all expenses (ie. maintenance, vacancy, CapEx, taxes, insurance, property management fees, etc). Here is a good article on it https://www.biggerpockets.com/renewsblog/2014/12/02/rental-property-expenses/

Good luck!

Hi @Alan Guo !

To get an initial feel for a market I recommend looking at:

• Population growth
• Average Income growth
• Property value growth
• Ratio of property owners to renters
• Demographics
• Large economic drivers (Hospitals, Army bases, Universities, other large employers)
• Street view on Google maps

You can find all of this information with a Google search. 

You can also call local property managers and agents to get a better feel. 

Best of luck!

-Andrew