All Forum Posts by: Hermilo Garcia

Hello Everyone!

I have been looking at some properties lately, and trying to analyze them. I understand that there is a period of due diligence once you get the property under contract, and I was wondering if you guys would help by telling where do you find accurate information about rent rolls, property income, expenses, taxes, etc. 

A few people have told me that sometimes the seller will not give you accurate numbers, as he/she is trying to make the property look like a better deal than what it actually is.

Your help is greatly appreciated!

-Hermilo

Hello Everyone,

I have been told by a few people that it would be a good idea for me to practice analyzing properties, so that when I am ready to purchase my own, I will be able to analyze it without much difficulty.

I have tried to do that, but when I find properties online, the realtor does not include most of the information.

May I know how you go about finding property information? Do you just email or call the realtor requesting it?

All responses are much appreciated.

Hello Everyone,

I have been told by a few people that it would be a good idea for me to practice analyzing properties, so that when I am ready to purchase my own, I will be able to analyze it without much difficulty.

I have tried to do that, but when I find properties online, the realtor does not include most of the information.

May I know how you go about finding property information? Do you just email or call the realtor requesting it?

All responses are much appreciated.

@Chelsey Richardson

 Welcome to BP! 

@Randy E.

 I can totally relate to what your saying about having an "addiction" with real estate. I try to look at properties online all the time. May I know how you go about finding the numbers to analyze a property you might be interested in?

@Josh Tonecha

 Thanks! Good luck to you too.

@Barbara G.

Thank you for your response and great advice. I will definitely focus on an area and look at deals with the intention of making offers to those that look like good deals.

Good luck in your future real estate goals!

-Hermilo

@James DeRoest

I see. Thank you very much. I really appreciate it.

@James DeRoest

I see. As for distressed houses, do you mean that the houses are not in the best physical conditions, or that the owner is having trouble paying his mortgage? Do you rehab as well?

@Hai Loc

Thank you very much. That makes sense.

@Rob Beland

Thank you very much for your response. That is exactly what I was thinking as well, some people don't have  a lot of time to first look at 100 properties. Also, do you focus on a certain area in your city, or do you just look at whatever you can find online or through driving around?

Thank you once again for your advice.

@James DeRoest Thank you very much. I totally understand. Like I asked Rob above, do you focus on looking at proeprties in a certain area, or just look at properties all over your city and make offers on the ones that might look like a good deal? I heard that people should focus on 1 or 2 particular areas where they plan to invest, and only look at properties there. What do you think of that?

Thanks!

@Sean Ploskina

Thank you for your advice. I am definitely going to start doing that in order to get bette at analyzing deals. BiggerPockets has some great blogs on the subject. Good luck with your future endeavours!