All Forum Posts by: Courtney Merricks

@Gloria Riley

Thank you for taking time out of your schedule to read my post. Yes make sure the numbers work for you. Last night on the Webinar, Brandon made a great point. We should be analyzing at least three deals a day. I am sure that there are many other property analyzer's out there, but I am getting more comfortable with analyzing a deal because of the BP Analyzer's. Now that I am back looking at Multi-Family's to "House Hack", I am utilizing the BP Rental Property Analyzer to see if the deal make sense. Good Luck and Happy Hunting.

@Stefan Augustyniak

Yes sir... That will definitely be one of the very first questions when looking at any property in a community with an HOA...

Congratulations, turned out great for your first flip... Keep up the good work, you are definitely on your way.

I have been searching for properties throughout South Florida and the Treasure Coast since I started on this REI Journey. I thought I was going to be able to purchase a condo for a potential buy and hold property on the Treasure Coast in the city where I was born and raised. When I initially plugged my numbers in to the BiggerPockets deal analyzer, I saw that I was going to be able to cash flow at my goal per door if I was able to get acquire the property at 17,500. Today, I looked at the property again and saw that the price of the property had decreased from the original $19K to $15K, so I called my realtor and asked her to put together the offer based on my number. After having a conversation with my realtor today, I saw that I did not have the expense for the HOA. After going back and editing my Property Analysis on the BiggerPockets rental analyzer, I figured the property would not be a good property to buy and hold even at the lower purchase price, because it did not meet certain factors in order for me to meet my investment goal per door. So, "If the numbers don't work, do not force it". Thank you BP, I am now looking for my next property to analyze.

Courtney

Will do @Lisa Lavie; again, congratulations and much success to you. 

@Lisa Perez

It's going, I haven't been able to close on my first deal yet, but it's coming. I am actually looking further north at this time. The prices in this market has risen tremendously, so the buy strategy and exit strategy has to be right.

Hey Erica, are you guys lending in Florida?

Congratulations on closing on your third property... Great work! Keep up the good work.

Congratulations Ashley on your first flip and welcome to the BP Community. Much success to you in this SOFLO Market.

@Mohit Madaan

Wow... what an awesome thing you are doing. Reading through the comments and seeing how everyone is so thankful for what you are doing. If possible, I would like to see about getting a list for Broward County, Saint Luice, Martin and Palm Beach County.