All Forum Posts by: Gerardo Dominguez

@Ray San Miguel Look around on BP for a webinar that @Brandon Turner did a while back. He walks us through step by step on how to analyze a deal. Off the top of my head I suggest looking around BP, and Google as needed, to learn the various calculations needed to analyze an investment. I've included some basic ones below. Once you have your numbers you have to answer some fundamental questions to determine if a deal is worthwhile; How much CF do I want? How much of a CoC% do I want? But these are questions that only you can answer. Hope this helps!

Gross Rental Income (Yr) - Expenses (Yr) = Net Operating Income (NOI)

NOI - Debt Services (aka your loan payment) = Cash Flow (CF)

CF / Initial Investment (aka your Out Of Pocket Costs) = Cash on Cash Return (CoC%)

@Stephen Briggs  Personally, I prefer buy and hold.  With that said I see nothing wrong with doing flips in order to generate capital to purchase more rental properties.  Run the numbers both ways and see which makes the most sense to you.  Whenever possible, make sure you have multiple exit strategies on a property.  For example, if you buy that 1st property as a flip and it doesn't sell, you can potentially refi out and keep it as a rental for a while until the market picks back up and you resell later.  Whatever you do, just make sure the numbers make sense.  Good luck and keep us posted!

@Jerry Ciesielski  Welcome to BP! Sounds like you're already off to a great start.  Good luck with your broker exam.  And, more importantly, good luck w/ your investing!

@Kami S. Welcome to BP! Make sure to take advantage of the meet members tool so you can connect with people in your area. And also make sure to look for local REIA's to find experienced investors who do the type of investing you're interested in. Good luck!

@Kevin Yoo Sorry, I've honestly never even heard of them.  I did a quick search on BP for that company and found the thread below.  You should reach out to @Jay Hinrichs, he gave them a good review in that thread so he can give you a more reliable review on this compnay.  Hope this helps!

https://www.biggerpockets.com/forums/92/topics/126001-anyone-worled-with-profit-from-rentals

Welcome to BP!

The Refinance part of the acronym is agnostic of loan type. As far as difficulty, it is neither more nor less difficult than refinancing any other rental property. Just remember though, if you go w/ an FHA loan, they are for homeowners. You'll have to live in the property that you're BRRRR'ing for 2 years (look around online to confirm the time frame) if you go that route.

 Good luck in your investing!

 That's odd.  It works for me. Try the link below.

https://www.biggerpockets.com/users/aaron63

Try reserching either "Lease Options" or "Subject To" deals.  I think that's what you're talking about.  Both of those type of deals would allow the landlord to keep receiving rent while you the investor makes a profit as well.

@Dierre Sellers Welcome to BP! Take advantage of all the free content on this site to learn what you're doing. For example, under the education tab there's a bunch of webinars, podcasts, etc. The link below should be a good starting point. Join a local REIA and network w/ other members here so you can find like minded investors. Good luck in your investing!

https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing

@Kevin Harrison  Great minds think alike :)