All Forum Posts by: Cory Remekun

@Chinmay J. Thanks, I won’t give up! 

What’s up bigger pockets! I checked out an open house with the realtor I’m working with today! I also drove around different areas in the city the day before but at least 3 properties I thought had potential were already pending(all under 10 days on the mls). I am trying to stick to “making you numbers work” but starting to think I should bend some. Are you guys going over asking price or finding better luck off market? 

@Trenton Miller I’ve heard/read people say they’d sue if they got sick for being required to be at their job right now. Would hope that wouldn’t happen on site.

With the shutdown and isolation of people gathering in various cities(more soon to come). What are investors doing if caught in the middle of a renovation project? Will construction stop?

@Ray Fisher Congratulations! Sounds like it could be the right place

@Michael Ward Thanks for the advice! Yeah its been pretty great here!

Was anybody else angry after reading Rich Dad, Poor Dad? Lol I wished I got a hold of it sooner! About a year ago I found I have a love of books, and I haven't stopped ever since. In the back of my mind I always knew there was a different way to treat finances and navigate through life and eventually reach financial freedom. I grew up in a check to check, jelly toast for dinner type of household. I currently don't have any properties, but I'm working to learn more everyday. My excitement to get started lead me to reach out to people prematurely with no real plan (I hate when people waste my time too). I've since created a business plan and continue to learn each day. I'd like to invest in single or multi family homes to rent out. Minor rehab would be preferable as well. 

What has lead me to discover that I like to get things done is that I am currently living in France as a professional basketball player. This means I sign a new contract each year between seasons, and I do not receive a W2. I'm not sure how easy it will be to get lending without having the normal documents and proof of employment if between seasons. Being in Europe doesn't make this easy at all, but if something is too easy it probably isn't worth it. So should I wait to network with people until I get back to America in May or June or continue reaching out online but with a more direct plan? 

Also, if anybody has any advice for me about a SFH in Conway, Arkansas I'd appreciate it. A family member owns this property with no mortgage, and it's near a college. I think it could be a good opportunity to get started. I've seen Conway grow a ton over the years, but I am not totally sure about the real estate market. My original target markets were Saint Louis, MO and the Dallas area, but I am willing to adapt.

Thanks!

New investor here! Beginning to analyze potential deals in the Saint Louis and Dallas area markets. I always see and hear that there are still deals out there but you just have to search hard enough and I want to know what I am looking at potentially if it makes sense numbers wise. Does anyone use the site  "Rentcafe" as a source for accurate rental price research? They have an average rent breakdown by neighborhood that I figured I could use on the conservative side to plug into a calculator (no bedroom/sq ft count). 

What sites/apps do you use? 

What numbers should I be reaching for in today's market?

Thanks

@Joey Chavez Thanks for the breakdown! 

@Megan Greathouse my goal for investing is to begin building my portfolio to the point to where it’ll help ease my transition back to America when I am done playing. Then eventually focusing all my efforts with real estate. Yes cash flow would be what I am most interested in “the Brrr strategy and turn key”. 

Thanks, I’d definitely want to know about future meet ups. 

I’m in France, the Normandy region.