All Forum Posts by: Damien Hall

Very inspiring @Roger Lin. Good luck with your new investing strategy.

Hey Gary Downs Another book to consider is Brandon Turner's other book Investing in Real Estate with No (or low) Money Down. You can find it on the site. It might answer some of your initial questions. Good luck with your investing and let me know how I can be of help.

Hey Dan Hilton! I'm sure you've learned a lot already on BP! Glad you took a first step by posting. If there is anything I can do, let me know how I can help.

Hello Tatiana Cooper I'm an investor in the DC area. Let me know how I can be of help.

Welcome to BP Corey Boone There is a REI meetup in Fairfax hosted by Jessica Swingle They meet Friday mornings! Check it out... http://www.meetup.com/Real-Estate-Investing-Coffee-Meetup/

John Vietmeyer Just doing a quick analysis of your numbers, you are right, your profit for a flip is going to be thin. Couple if questions, what does your financing look like i.e. all cash or hard money? How accurate is the ARV? Is that based on an appraisal with your improvements factored in? I ask because depending on your financing you may be stuck with those improvements in order to get to that ARV. Personally I wouldn't do some of those improvements because the property will be a rental i.e. no granite countertops, wouldn't remove wall, go with cheaper laminate floor. I would save that money in order to make it a better deal for you and go with nice but cheaper improvements. Without knowing what other rentals look like in your market, personally I think you could be over improving the property.

Welcome to BP Colin Thomas You will find a lot of info to help with your personal investing. The podcasts are great too! What type of investing are you and your partner focusing on?

@Keith Rorer You asked if you should look for deals on the market or focus on short sales/foreclosures. Either one works. I think it depends on which aligns with your goals and your style of investing. Short sales are slower to close than a traditional purchase on the MLS. However you may get a better deal from a distressed seller. It may take a little longer. If your ultimate challenge is lead generation there are a lot of resources here. I would also suggest listening to BP Podcast 141 with Chad Carson. Ultimately there are so many ways to find deals in real estate so I suggest a couple of things. You can determine your niche before you start investing. Or if you just don't know but open to all types of strategies, you can let the market determine your strategy. I was in the latter category so one piece of advice I got was invest in the types of properties my lender is willing to fund.

Welcome to BP Pam Caruthers!

Bobby R. I met with a couple of tax accountants and they were going to charge between $1,000-2,000 just for 2015. Now I use 1800Accountants. They charge $695 for 2015. I think your deal is a good price. Just make sure they have the expertise to do them. Another option is Turbo Tax. I used their software for years to file my own. The only reason I'm not using it this year is because we started our LLC. Other than that I would use Turbo Tax again.