All Forum Posts by: Jordan Meyer

You should consider Google+ as well. It's becoming the 'shell' around which Google operates. So if you want to show up in Google searches (and 85% of all internet searches are either Google or Youtube which is owned by Google), it's helpful to use their social network for a variety of reasons.

Welcome, Clark....I was just reading that Kyle Whitingham lives in Sandy. I agree with @Troy Stoehr the podcasts are great. If I were you, I'd search in the forums. I bet there is someone in there who has done exactly what you're looking to do...invest while being in the military.

Where is the path of revitalization headed? If you plan on holding for 10+ years, what do you foresee the neighborhood doing? You can catch significant appreciation if you guess correctly. I know there are many many Lilly employees who wish there was better housing stock closer to downtown so they wouldn't have to drive from Carmel

FYI I recently got my RE license in Utah and it cost closer to $3k. $1200 to join the board of Realtors, $500 MLS, $650 for classes and $200 misc fees like for a supra key....You don't have to join the board, but that's how you get the supra key. It was all more expensive than I expected....lots of good advice advice above about getting experience

There are people on the site here who have the designation, who will be able to give better information. But as someone who has looked into it, but decided against it, I will tell you my reasoning: my fulltime job is not in real estate, it's medical sales. The easiest path into REI is through residential properties. Yes, someday I'd like to do some commercial RE, but the possibility and timeline of that is remote enough that I decided against it. If I were a full time commercial mortgage banker or broker or analyst, etc, then my mindset would be different.

This deal seems a little thin, but I'm not one to make the perfect the enemy of the good. It could be that this deal is about as good as you can do with MLS properties in your area. The two variables you will want to scrutinize are the ARV and rehab costs. You've got to nail those two numbers. If you don't, there's not much cushion.

@Andrea M. @Alex Anderson @Michael Wentzel Thanks for the responses. I guess it's as simple as calling and asking for quotes.

This is a very simple question:

I recently moved to a new state and we have a triplex under contract for purchase. How do you shop for an insurance broker? On my last purchase in Washington, I just went with the broker recommended by my loan officer. I'd like to shop around a little more this time. Any suggestions for doing so? What questions should I ask?

I have not heard of investors sending yellow letters to buyers. They use their relationships (or a "buyer's list") to find buyers. The yellow letters are sent to potential sellers, often people who have some kind of distressed situation.

This is something I think about a lot as well. I would refine this to say that an investor has "made it" when he has $100k in after tax cash flow. Meaning, after setting aside reserves for CapEx and accounting for all expenses and taxes, he has $100k coming in per year.