All Forum Posts by: Bjorik Mutize

Congrats, and also your profile picture is top notch.

Remember, they always say the 2nd deal comes naturally. Keep studying your market for opportunities, keep in touch with financing partners and keep networking. The money you need may come quicker than you think.

Smart move to move and tie in the whole cycle of home buying. This is an incredible strategy. I'd definitely would want an Alexa with my shiney new pad. 

@Adam Ferro

Awesome, welcome to the forums! What types of properties are you targeting down in Denver?

I would say for myself l, take more time to save more capital in the beginning and look to buy a little larger.

Would love to hear any other lender's opinions about the signing of the agreed upon costs.

I'd also make sure to get a hold of local property management companies and perhaps get a valued opinion on property and the area.

But yes, Schools, Employment diverisification/growth, crime

Welcome! What is RP Capital? Have you spoken to local realtors to help you with your search?

1) Analyze comparable and try and get look at maintenance budgeting. Utilities you can contact your sewer, electrical etc and figure out what the avg estimates are for an area

2) Contact a property management company and get their take on expenses

3) Contact a trusted handyman/contractor for things you might run into and pay to get a ballpark

Idk. Smaller properties you would probably sleep better on small maintenance if you have good cash reserves for it

For sure. I think it is more crucial now as a new investor to attend than ever. You will build some good connections.

Book it up!

Dallas, awesome i have been looking at that market very serious now as well.

Going in with 0 repair costs? Low Cap Ex and Repair budgeted as well, even if they claim Turn Key.

You're house hacking this place right?

@Brian Garrett nailed it. Want to emphasize being careful on the pro-forma vs actuals. Grab actuals and run your model. Then compare it to their pro-forma, see what was missed, undervalued, expense opportunities etc. Then create your own pro-forma and this serves your case if it is a good deal or not.

Study your market down to a tee. Contact a property management company to help you do such.