All Forum Posts by: Erick Chero

Hey @Caleb Griffin thank you for reaching out, I’ll definitely reach out. I’ll appreciate you sharing your knowledge.

@Cameron Braig, thank you for your comment, I believe lunches/coffees will be very beneficial as well. I appreciate your words of wisdom.

hey @Chris Tarpey thank you for reaching out bro, I'm currently Learning the GRM, 1% rule, cap rate, etc, but I'm not sure if the results of my formulas are good or not, right now I'm contemplating to purchase a SFH ( ranch ) is on the market at $114k that I could potentially rent out at 1300 per month when I invest another 3 to 5k for renovations. I already have a pre- approval letter for $125k which will allow me to get that property besides the one I'm living currently, however when I run my numbers I get stuck in the cap rate, because the GRM and 1% passed the test, but the cap rate doesn't, so I want to know what makes sense to buy or not. Thank you again !

Hello BP community, I’m very reserve individual trying to learn how to invest in real estate, I’ve been trying to learn the formulas on my own but I have to be honest, I don’t know if Im running the numbers correctly and in order to achieve my goals I need some help. I work 2nd shift which limit myself from attending to meetups. I currently own a house and I have savings for an investment property, I hope to hear from anyone is willing to help out, thanks in advance.

@Omni Casey this is so inspirational, thank you for sharing your knowledge.