All Forum Posts by: Sascha Weinberg

Not knowing which area you are talking about it might be kind of hard to give a definitive answer. Nevertheless, alot of houses being for sale is certainly not going to help from a price appreciation perspective. Has this trend been like that for a certain time or did these houses hit the market just now?

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@Anya K.

Welcome to BP!

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@Jorge Gomez

Welcome to BP!

Tech and RE are both really interesting areas. Would like to connect so we can chat.

Good luck with your ventures!

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@Ryan Dossey

Good luck with the offers, 5 at once sounds like something that doesnt happen every day ;-)

Keeping my fingers crossed.

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@Dave Garlick

Hi Dave, Jon basically worked with a rule of thumb that 50% of your gross income go out for expenses (without financing). YOu have to add up all your costs, so take taxes, insurance, vacancy, utilities (if not paid for by tennant), maintanance, property mgmt and reserves...add that all up. Take gross rent minus these costs and that gives you your NOI (net operating income). then substract your mortgage (if you get one) and you get your net cash flow.

I hope that hepls!

Have a good one!

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@Pam Black Zentner

Welcome to BP, here you will surely find everything you need to be successful. I wish you all the best with your investments.

Have a good one!

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@Douglas Larson

Wow, congrats on these deals! Keep it up, its very motivating to see results like that!

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@Frankie Woods

Hey Frankie, congrats on your recent deals and also (you might not want to hear it :-)) on the things you learned from mistakes from the past. If these mistakes never happened, you might have never found BP and the incredible souce of info that comes along with it. All the best for the future!

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Originally posted by @Gary Dezoysa:

I plan on beginning my investing career by relocating to Ohio. Cleveland, Akron, Toledo, one of those cities. In each one you can find houses going for $20,000. Of course there's a reason – continuous population loss going as far back as the 1960s.

I know not to expect appreciation. I also know cash flows will be good based on my calculated numbers and what other investors are reporting in the area. Hard to go wrong cashflow-wise when you're buying a $25,000 house that rents for $650 a month.

What I'm concerned about is losing equity, and having that $25,000 house go to $5,000 and then become un-rentable. That's the one thing that could turn my plan of starting with high cash flowing properties, and then scaling into bigger and better projects -- right on its head.

Perhaps somebody can comment on the likelihood of a house going to zero or becoming unrentable. I've heard Detroit is like that, I'm not sure what other case studies we have or how likely the scenario is.

Thanks for your thoughts

While the general trend of certain cities and areas will surely determine the price of a property, this is not the only factor. To turn a 25k house into a 5k house, it does not only need the area to turn bad but also the owner not to do maintenance. What I am trying to say is that if you keep the house in shape, such a scenario for your property is not that likely imho.

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@Account Closed

Hi Brenna, welcome to the site. I am from Germany and bouth my first house at the age of 24, but now (being 32) I am looking to start in the US. As you already have gotten all the good advice, I can just wish you the best. It is definately smart to start as early as you do.

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All Forum Posts by: Sascha Weinberg

Sascha Weinberg has started 5 posts and replied 40 times.

Post: Lots of Houses For Sale in Area

Post: New Member/Investor, Rochester, NY

Post: New Member from Los Angeles, CA with an interest in real estate, tech, and lending

Post: Making offers on 5 properties tomorrow.

Post: Looking for feedback on numbers

Post: BeachGirl in the BigCity!

Post: I made $185,00.00 this week on two sales!

Post: Experiences of a "Relatively" New R.E. Investor (military member)

Post: Investing in a dying city – future loss of equity?

Post: Any YOUNG RE investors out there trying to figure this out/doing it? 18? Early 20 Somethings?