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All Forum Posts by: Corey C.

Corey C. has started 7 posts and replied 27 times.

Post: So what's holding you back?

Corey C.Posted
  • Posts 29
  • Votes 7

Fear, like most new investors. Fear of getting myself into a situation that I’m not prepared to handle. As I educate myself more and analyze more properties I notice I start to slowly chip away at some of it. I think I’ve found something worth pursuing, I just have to do it.

@Mindy Jensen

Hi Mindy,

I do not have the cash for the purchase. I was thinking hard money. I have some decent equity in my home too so I was going to possibly tap into that.

I was under the the impression it was better to have a combination of active and sold, good to know. Thank you!

@John Teachout

The plan is for it to be a flip. I’m not opposed to buy n hold option either.

@Glidden Rivera

Thanks. So you’re saying I should focus my analysis more towards the active listings in the area as opposed to what has already sold.

@Jack Orthman

I do have more pictures. I used 5 active properties and 7 closed properties in my analysis. Again the value adjustments is something I’ll have to learn.

@Eddie Egelston

Also how would you suggest I approach the forum again with a similar post or another deal next time? Don't say CMA? More details and numbers? What do

you like to see?

@Eddie Egelston

Ok if you're telling me the CMA software on the actual MLS is trash, what do you suggest I use? I'm not a realtor, investor (yet) or appraiser so I don't know the difference. I could've just wondered instead of taking some sort of action. I thought that was better than using Zillow comps.🤷🏻‍♂️ I tried learning the value adjustments but it doesn't seem like common knowledge.

@Jack Orthman

You’re right I don’t have the experience yet but I have to start somewhere or At least get in the practice of analyzing deals more and gain that experience. I posted here because guys like you have that experience and I’m looking for that constructive feedback. BP podcasts always talk about just going out and doing it, pulling the trigger. Just making sure my sight picture is aligned before I pull the trigger. (Military reference for you vets)

@Jack Orthman

You may be right. Seller won’t let me look without proof of funds, but I’d at least like to just get a contractor in there first to get an estimate at least.

@John Teachout

Thanks for the response. That’s what I’m worried about. The fact the seller wants to do as is cash only leads me to believe there may be more rehab than I can see from the photos or what’s in the listing description.