All Forum Posts by: Slaiman Atayee

@Henry Clark in step 1, what is the numerator of the ratio? The denominator is obviously total town population. You state the numerator is “units in the area” but that sounds like existing units, which is what’s calculated in Step 2. Any clarity would be appreciated. Thanks!

Hey there! Congrats on your journey thus far and for getting started at such a young age - most people (including myself) wish they could have got started in REI at your age!

I know there's a lot of different options to get into but I think one of the best things to do is to map out your long term goals and then work backwards to figure out the best strategy to try out. It doesn't mean that will be THE strategy but you have to try to find out. If you're more of an anxious investor/overthinker, I'd say miigating your risks might help you finally dive in - take it slow and maybe start with a smaller rental or simple flip and see how you like it (there's a million articles on BP about how to choose an out of state market if your area is too expense). The good thing about investing at your age is that you have plenty of time to try things out and get experience and bounce back from any hiccups (which we all have). Good luck and shoot me a DM if you have any questions!

I'm not from Montana but generally you can google "[ENTER CITY] Wholesalers" or "[ENTER CITY] Cashbuyers" to find wholesalers in your area and that works for almost any area. Good luck!

Hey there! What city are you looking in? Mandy Mancini is a wonderful agent in Columbus. Also if you're looking for a 10% DP, hopefully you're looking for a primary residence or have a special qualified loan. I've used First Ohio Home Finance in Columbus and they are solid! Good luck!

Agreed with the above - why not just rearrange the cash split so that he has to put money down with you and that way he's "invested" from the start? On the other hand -  if you weren't including his/his people's time as part of the rehab number maybe that wasn't the true number? Also Its not completely out of reason for him to charge time however if you're putting up more of the funds I'd be asking for a steep discount. Good luck!

  Hi Blake - Certainly did not mean to discourage you! I've just noticed some newbies think finding a partner (or even good connections in general) is as easy as making a forum post when in reality it requires consistently putting yourself out there. Just wanted you to have realistic expectations.

As Russell stated DC doesn't have much of a market for multis but if you're ever in the area shoot me a message and we can grab coffee.

Good luck!

For me, usually no - but depends on the markup they are putting on there. If they are really caking it on maybe consider negotiating with them or finding someone who prices better. Also depends how active you want to be/time you want to spend. If you're looking to run several flips/jobs simultaneously then doing buying your own materials will be hard and you might be better off seeking out contractors who are interested in the long-term relationship vs. making a few extra bucks on some tile. 

Good luck!

Did you mean to post something?

I hope you get some responses on this but generally I feel like these types of posts don't get much traction...just FYI there's a separate part of the forums which is for meetups. I'm sure NYC has a bunch (i'm from DC so can't help you with specifics unforunately). In order to meet some good contacts you'll need to be proactive and seek them out/put yourself out there! Way to commit to the dream and wish you all the best of luck!

What are you trying to analyze? Prices? Rents?

For prices all the free sites (ZIllow, Realtor.com, Redfin) offer high level market data for 10+ years. If you want to go deeper ask your realtor as most MLS systems offer advanced charting which you can pull specific data on (e.g., trends on attached townhomes).

For rents you can use rentomer (like $100/year last time I checked) and pull an expanded list of rent comps to get YoY data. Also similarly to above you can have your agent pull rent comps and they can pull on very specific criteria. 

Hope this helps and good luck!