All Forum Posts by: Tatum F.

"Only difference between a winner and a loser is a winner plays until he wins" - Justin Scott Sounds like the impetus for Gamblers Anonymous. 

@Steven M. Hughes What did he say when you asked him why?

@Brice Hall Disclaimer: I do not own any investment properties....yet.

Here's what;s swimming in the great abyss of mind.  I hope you don;t mind me responding as I'm just starting out in evaluating properties for buy-and-hold and so I figured I'd give this one a shot.  Oh, and my numbered list has no correlation to yours.

1. Get the actual numbers for the past couple of years from the seller.

2. Have an inspector look at the properties to get a true picture of your cash investment. Looking at those dates you might be paying a lot more than the $89k.

3. Get the cap rate for other properties in the area. That looks like an average cap rate of 12% you need to compare this to the average cap rate in the area (not county/city) and ask yourself why is this one 12% regardless if it is lower or higher than the average.

4. As far as population growth or shrinkage, look at the area businesses.  What and how are they doing?  Who are the top employers in the area? Is that unemployment rate a trend up or down? What is the job growth rate?

5. If you did a mortgage ( $71.2k @ 4.5% 30yr). Your cash flow, based on what you posted, per door would be about $130.  I don't know if that is worth it or not.

Just an FYI for all of us beginners. Ben Leybovich released part one of a three part podcast series on How to Purchase and Profit from Real Estate.

@Michael Worthen Buy with a twist. If I had found BiggerPockets before buying my houses I would have bought a duplex, lived in one and rented out the other. I think most on here would suggest the same thing. Keep in mind though nobody knows your finances and you should calculate the cost of each option. The numbers are the numbers.

@Daniel Sisto I read the The Ultimate Beginner's Guide and it was very helpful.  It isn't very in-depth but serves an overview of high-level options available to you when getting started.  I read through it and now I'm been using it as a psuedo table of contents and then search through posts, blogs, and podcasts to get a more in-depth understanding of the topic.

@Jamal Pitts There are three events out there now.  Form the menu bar, go to Network - Events & Happenings

@Joseph Scorese I would like to attend. Do I need to RSVP?

@Sergio Altomare I'll be there.

I remember one tip from an older BP podcast suggested doing group showings.  In doing so, you have the benefit of security since you'd be in a group and also efficiency in that you wouldn't have to show multiple times.

@Jared Lichtin Thanks for the encourage.  I have two events lined up this week and another one next week so I'm looking forward to meeting new people and hearing their stories.

@Jamal Pitts Nice! Thanks for the welcome. Wouldn't mind a grabbing a cup some time. Are you going to the event this Saturday or the one next Tuesday?

@Brandon Turner Done and done.