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All Forum Posts by: Bryce Muller

Bryce Muller has started 6 posts and replied 15 times.

Post: Finished my first project, what’s next?

Bryce MullerPosted
  • Real Estate Agent
  • New York
  • Posts 18
  • Votes 5

Background: I have one flip under my belt and when I started, I promised myself I wouldn’t just plateau, I’d go bigger with each project. I did this project from a contractor POV, I did a lot of the work myself. However, I have relationships with people who can do the work better and I am more analytical and geared towards the business side. Also, I have recently became aware of the odds of me being a successful real estate investor are not in my favor. Books like Fooled by Randomness make it apparent that you see a lot of sucessful people on social media, books, etc; not the graveyard full of dead bodies/failed investors. This does not mean I want to quit. I am 24 and have time to learn and give myself the best shot possible. 

My solution: Get into a property admin/management/assistant position adjacent to experienced people I can learn from. I think this is the way to learn the ins and outs of CRE.

My issue: Even with a college degree, entreprenurial experience, and project management I can’t seem to break in after 5-6 months of applying. I find myself casting a wider net outside of real estate because I am underemployed and am scared I will lose sight of my dream. 24/25 feels like the age where dreams go to die. 

The question: Does getting a job in the industry sound like the right idea? Should I just keep my sh*tty job and go for it on my free time? Find a better job anywhere to ease the pain? If you know anyone/is someone who works at a investment or property management firm in NYC, Westchester or East CT please help me get into contact. Not looking for a direct referral or recommendation but open a line of communication so I can express my interest and how I could contribute to their company. I have been looking at large companies like Cushman & Wakefield, CBRE, Colliers, etc. Any advice is appreciated, thank you for reading. 

Post: Migration map, rent/price ratios, and population data all in one chart

Bryce MullerPosted
  • Real Estate Agent
  • New York
  • Posts 18
  • Votes 5

@Chris Martin   

Thanks for the input! I tried % Change and I agree it would reflect the change it population better but I couldn't get the color to reflect that, I probably need to play with the scale a bit more. I do have a population and median rent / median purchase price maps on the county level if you want to look at my Tableau profile. 

Post: Market Analysis by County

Bryce MullerPosted
  • Real Estate Agent
  • New York
  • Posts 18
  • Votes 5

Hi everyone,

I made a data visualization using migration, population, and rent and purchase price data by county. You can filter by state and analyze your area to find which county is most profitable. I found it quite useful and interesting to play around with. Feedback is much appreciated. And I know Connecticut, Florida and parts of Georgia is missing, I am working on filling in the gaps. 

https://public.tableau.com/app/profile/bryce.muller/viz/Rent...

Post: Migration map, rent/price ratios, and population data all in one chart

Bryce MullerPosted
  • Real Estate Agent
  • New York
  • Posts 18
  • Votes 5

Check out this data visualization I made showing migration by county, the rent/price (1% rule indicator) and population data. I found it useful for finding the best place to invest in your area or the entire county if you operate out of state. Would love any feedback or advice. I know Connecticut, Florida and parts of Georgia are missing, there were gaps in the data. 

https://public.tableau.com/app/profile/bryce.muller/viz/Rent...

Post: Market Analysis Charts and Maps

Bryce MullerPosted
  • Real Estate Agent
  • New York
  • Posts 18
  • Votes 5

Forgot to add, the average rent/price is 0.6 as a reference since many counties do not exceed 1%.

Post: Market Analysis Charts and Maps

Bryce MullerPosted
  • Real Estate Agent
  • New York
  • Posts 18
  • Votes 5

I have been working on getting into the data analyst field for a W2 job for a few month now and have partially finished my first project. This is something I have done on my free time to demonstrate to employers my knowledge and skills with applications like Tableau and SQL coding. I would appreciate anyone who checks it out, you may find it very useful in determining what markets in your area provide the best bang for your buck.

Side note: I couldn't fit this into each chart's description but I would like to say 1) Many of highest ranking counties based on rent/purchase price (1% (or 2%) rule) are false positives because there is not enough demand; these would be low population/ frontier counties. This is why I included the map and butterfly chart to look compare counties with great rent/price with population. 2) I have done some looking and there are definitely counties with great population and rent/price. It would be cool if people familiar with those markets to confirm whether it is what it seems. 3) Since this is based on median rent and purchase price data, I would not use this to indicate where not to invest, rather where you will get the most for your money and potentially show you something you don't already know.

I appreciate constructive criticism so let it rip and enjoy!

Post: Off market and pocket listings

Bryce MullerPosted
  • Real Estate Agent
  • New York
  • Posts 18
  • Votes 5

Hey Dawson, Im looking for off-market property buyers myself. Lets connect and discuss how we could potentially help each other. 

Post: Looking for buyers in and around Austin TX

Bryce MullerPosted
  • Real Estate Agent
  • New York
  • Posts 18
  • Votes 5

Hey everyone, Happy New Year. I am looking to build a buyers list of investors in and around Austin who are interested in off-market properties. Buters must use cash or hard-money. Please leave a comment or connect with me so we can discuss your buying criteria. 

Post: Trying to find first rental

Bryce MullerPosted
  • Real Estate Agent
  • New York
  • Posts 18
  • Votes 5
Quote from @Bradley Dosch:

Hey Bryce, it can certainly be tough searching for a quality house hack. It can be difficult finding a 2-4 unit in which the numbers make sense. In many markets you will have much more luck doing a rent by the room single family house hack. Perhaps less comfortable but it will get you started, out of your parent's house, easier to finance, usually more lucrative, and much more inventory. I don't know much about Danbury but that's the way it is in many markets. Good luck!

I have thought about buying a SFH and renting rooms out to friends and people i know but the issue is that I think ill be too busy having a good time and not spending time being productive. 

Post: Trying to find first rental

Bryce MullerPosted
  • Real Estate Agent
  • New York
  • Posts 18
  • Votes 5
Quote from @Zierry Eme Carl T. Tagbas:
Quote from @Bryce Muller:

Hi BP community, 

I am 22 years old, I have been focused on finding a rental property for 3-4 months and doing research for about a year. I took the state re licensing exam two days ago and will start working as an agent soon. When I think about investing or look at properties, I feel like I don’t know what I want or cannot find it and end up changing my search to another location or property. At the same time, I want to move out of my parents house so i can have more control over my environment, focus and become more productive. However, most multifamilies I come across are fully occupied. Overall, the fustration makes me want to put my head through a wall. 

Since I am new I don't know if I am being smart by being patient or stuck in analysis paralysis. I have financing and cash but I cannot find the right property. When I think about investments, I want atleast a 3-4 unit multifamily with a value add opportunity or a single family house hack using FHA to move out for a year. I am searching in the Danbury CT area and listings meeting my criteria in the location I desire are scarce. Any advice to help ease my stress?

Welcome to BP, Bryce! I just want to point out something. You are saying that you will become an agent soon, if you do use some kind of financing make sure you are checking with a lender. Because once you became an agent, you will fall under 1099/self employed... and if you do become a 1099, you have to wait 2 years until you can purchase a property. I would act fast if I were you while you are still in W2 (assuming you are W2 employee). If there's no great MFH deals right now, I would switch to SFH and work your way there too. :) Here is no shame if you go to a SFH first.

Good luck out there and if you have any questions, feel free to message me


Thank you for this information, i will be sure to check with my lender to check if that will be an issue. And i would do a SFH but it needs to be in the right location which is new fairfield bc i want to use fha and live in it for a year so i am letting a little emotion in to make that decision.