Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Rob Franks

Rob Franks has started 5 posts and replied 19 times.

Post: know everything before you jump

Rob FranksPosted
  • Posts 20
  • Votes 0

maybe i shouldnt have said everything but enough not to make stupid mistakes. because while mistakes are good learning experiences, I have also learned they cost money. I recently read Confessions of a Real Estate Entrepreneur, by james randel. I love it, because theres a whole section dedicated to common/uncmmon mistakes. that can be avoided.

hey all, I'm from ct, I've been investing in real estate for a few years, but on a pretty slow scale, I've done a few flips and bought a vacation home. Anyone else out there thats either just beginning or has some experience. I think we should start our own group, and start networking, discussing deals, ideas, etc. We could have meetings in a chat room, and send group emails to keep etc.. I am new to these forums, a prosperous local investor friend of mine, told me to check them out, and I'm glad he did, there is so much great stuff on here, and so many new savvy investors! I'm now interested in doing more investments, and also getting involved in rental income, and commercial investments. We are now in a down market, and the best way to make money is to Add value. Gone are the days of buy high, sell higher, Aint gonna happen anymore. We need to get creative, share straegies, and buy correctly. HAs anyone else read this book, I'm dying to discuss some of his strategies.
I think our first group post should deal with buying strategy. How about anyone interested in this, add one thing you would look for when buying an investment in this market. I'll start.
Oppurtunity to buy from the owner right BEFORE they are forced to go to foreclosure.

Post: a big hello from a big guy

Rob FranksPosted
  • Posts 20
  • Votes 0

so far i've been investing in a few flip style houses. However I just read a book that has opened my eyes, to owning rental income properties, and getting involved in the commercial section. has anyone else read Confessions of a Real Estate EntrepreneurBy James Randel, would love to know what yall think about it. I thought it was fantastic. Anyone else interested in commercial investing.. thanks guys

Post: Rich Dad Training?

Rob FranksPosted
  • Posts 20
  • Votes 0

Hi, i've read the books they are written well and provide the basic information for investing etc,, but more than anything i felt like all they did was make me start dreaming, WHich is a good thing, but not for someone who already spends many of my waking hours thinking big, usually too big, check out the books and seminars that are less popular, With popularity, your buying more trend and less information. Read local books, attend local seminars, these guys might not get you as motivated but they also keep the speculation to a minimum. Same feeling goes for anything donald trump has ever put his name on.

Post: know everything before you jump

Rob FranksPosted
  • Posts 20
  • Votes 0

realestate is not rocket science there are no hard concepts to master, tough math etc.. but u do need to know the basics, and own a cheap calculator. READ everything, and ask questions. I started out reading the real estate principles book, it was a good starting point. Stay away from the no money down. tons of hype books.

Post: judging value in a beat up market

Rob FranksPosted
  • Posts 20
  • Votes 0

wow, i had no idea there where this many knowledgable people onhere!! Jimmy I never considered the Idea of buy and hold with the intent of making the money on rentals. great advice thanks alot. :D

Post: judging value in a beat up market

Rob FranksPosted
  • Posts 20
  • Votes 0

with the real estate market in its current decline i have been noticing that almost every house for sale is advertised at below apprasial value. how do can you judge if this really is a good deal. I cant really find a formula or anything that says how much below appraisial value makes it a good deal. it was a lot easier to assess value in a good market, because it seemed like anything below appraisal was worth the investment. however now that the supply out weighs the demand in most areas. i have no idea how to correctly judge value. anyone have any tips, or theories? thanks.

I have yet to read this book and it always catches my eye for some reason. however I have read a few of the other dummies books and am always a little disappointed, that they are usually a little to general. Does anyone who has read this book feel it would apply to commercial investing? thanks.

Post: a big hello from a big guy

Rob FranksPosted
  • Posts 20
  • Votes 0

hi, all i'm new to the forum, i have been investing in real estate for a few years, but not on a regular basis, here for networking, and discussions. I have done lots of reading and research on investment properties and am hoping to get into the commercial field soon.. Anyone have any good recomendations?