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All Forum Posts by: Chris Galetta

Chris Galetta has started 4 posts and replied 8 times.

@Dan Weber

Thank you for the response! Property management interests me, but I do think I could do some assistant work to start out. I’ll keep an eye out for these positions!

I should note that I understand being a real estate agent or realtor are good places to start. I’m simply trying to open up my options and hear of more opportunities as I’ll be finishing school in the spring time.

Hey all!

I’m looking to get into real estate investing, and I was wondering if there were any jobs within the real estate realm that can actually provide some useful experience that can be geared towards investing.

Any and all perspectives and answers welcomed!

Thank you :)

Chris Galetta

On podcast 387, the guest spoke about running numbers on deals on the MLS at the 1hr 1 minute mark of the podcast.

How can I learn how to run the numbers and use the analysis funnel that she referred to?

I'd like to start looking at deals soon! I've just purchased the BRRRR Method, How to Estimate Rehab Costs, and the Beginners Guide to Real Estate Investing.

Will one of these books teach me how to run the numbers? I'm going to go look at the table of contents of the BRRRR method and the Beginners guide to see if they refer to running numbers.

Thank you for the help!

@Cameron Whitehead

Thank you for the response!

I do have someone in mind whom I can possibly follow/shadow. I will continue to listen to the podcast too! I'm going to pick up the BRRRR method book by David in the mean time.

I’m extremely new to the bigger pockets podcast, having only listened to the 4 latest episodes.

I am in search of a place I can go to read up on the numbers side of things for real estate investments in general. I understand I can use the forums, but I am unsure of exactly what I should be searching. If browsing the forums is the best thing for me to do, then send me on my way!

For examples:

1) I would like to know more about how hard money loans work in both flips and rentals. More specifically, how you stay on a positive repayment path without losing money.

2) I would like to know how I can judge a potential renovation to be a good investment for a rental property or not. What goes into calculating cash flow? What needs to be accounted for when calculating cash flow?

3) I would like to better understand how to best utilize profits from a flip or cash flow from a rental to go into the next deal. What am I aiming for?

Hopefully these questions do not appear to be the wrong questions

Thank you for your time and assistance!

@Odie Ayaga thank you for the response! Do you have anywhere I should look in particular to learn more about this process? I will look through the forums if not.

I’m reading about hard money loans. How do you make sure the numbers make sense with hard money loans? For a flip, would you take the loan for say $100k, pay the high interest for a few months, put in $50k in reno of your own money, then sell the property for $250k? Therefore netting positive income?

Or do you take out $150k in a hard money loan for both buying the property and reno combined and then sell at $250k still netting positive

These are just example numbers, not an actual deal. I’m trying to understand how to utilize a hard money loan to get into the flipping game.