All Forum Posts by: Aron Rogerson

Hi Billy,

A good article (that also helps many others) seems to be this one,

http://www.biggerpockets.com/renewsblog/2013/02/15/analyze-investment-property/.

(Note: You can also find great links at the bottom of the article as well).

Now dont get me wrong, there are some aspects that we might not see that you do, but my best advice is to play it safe of course.

I think we would need to see more details regarding the repairs and going rental rate (if you will do this), but if you are going into this property and it is already valued at a higher rate than your contract price, then thats a first good sign. But be careful, after a purchase you might find things that were not there, so a VERY good pre-purchase review/inspection is important.

What are your plans with the property? Rental / Flip etc..?

Depending on your plan/outlook you may have to calculate your budget differently.

From my personal experience, I found its best to prepare for the worst and hope for the best. I have actually spent more on my projects due to issues outside of my control.

Its best to enter something in which you have contingencies in place. Meaning, have extra funds just in case you have to carry/pay for the mortgage while waiting for a tenant etc.

Also, if you are renting this property out, do your researching and figure out what the floor and cieling prices are for your property, qualify your expectations against muliple properties in the same area.

Good luck :)

Hello everyone, my name is Aron and I am new to this forum from Fort Lauderdale area.

I am one of those newbies that are young and ambitious but cautious at the same time. I am also that ''smart traveler'' on the investment path that truly listens to veteran investors and even those with wise words derived from hardship and fruitful mistakes.

My Real Estate Experience:

- I own three rental properties that are doing well, great tenants and I have read the FL statutes around tenant/landlord laws etc. I operate against these laws to find win-win situations at all times. I believe in landlord ''karma'' so I treat others the way I would want to be treated.

- I understand the housing purchase/sale cycle very well, I have come across some of the most sincere professionals in my investment career (Which is still kicking off).

- I have real estate agents in my family

My Outlook:

- At the moment, I view real estate as a means to supplement my current income from my job. My long term outlook is to build a diverse real estate investment foundation that can allow me to move into a part time role or even a position where I can focus on maintaining the investments as a source of income.

My Desire here:

- I wish to network and gain insight into the various avenues of investing in real estate, I wish to leave the single family home arena in the near future and dive into either multi family or commercial properties.

- Learn as much as I can about taking the next step (Trading up), and how to best utilize the equity and cash I have on hand to get there. I am blessed to have walked the path I am on (who is not, where in the US after all :)...), my properties have great equity and can provide the stepping stone to a bigger investment. My dream would be to own NNN leased single standing buildings but those require quite allot of investing etc.

Thanks for taking the time to read my intro, I will research where I can post my strategy, would be good to get feedback on my next steps.