All Forum Posts by: Jennifer Brown

Thank you, Brian! What information on that list do you think would be vital to look at BEFORE you put a property under contract? 

I've been analyzing properties for practice using the calculator provided on BP. Basically just choosing some that are on realtor.com and MLS in order to get familiar with the numbers/terms. I'm just not sure what the next step in the analyzing phase is. You use the calculator, then what? If the numbers worked out, would you then go look at the property? Ask the sales agent/owner for certain information?

I'm not quite sure how deep the process should be before it would be intelligent to make an offer. I know at some point I need to request more data (tax records, vacancy and maintenance info, etc) but I guess I'm unsure of when I should be looking at this - before ever making an offer or after making an offer and during the due diligence period? 

Any advice would be very appreciated! 

This is actually very helpful information for me. One question. Do you not ask for any of this information BEFORE you put the property under contract? I'm new to this so I'm just curious. 

Welcome to BP, Rickey! 

Looks like you've gotten a good start into your investing portfollio. Feel free to reach out if you are in need of an agent. I'd love to help you with your next investment! 

Hello BP! 

I've been reading a ton BP forums and articles and can't help but notice one very common occurrence: Everyone seems to start in Single Family or Mult-Family but never commercial. 

My goal is to have my first investment be in commercial but now I'm wondering what other people think of this idea? Is it possible to invest in commercial properties with no previous investing experience? Assuming that the large capital downpayment is not an issue. 

I'm doing the same thing! I got my real estate license in hopes it would teach me a lot about the market, I'd meet a lot of people, and I'd be able to build capital fast in order to invest. Glad to see someone else with the same idea. Good luck!

I'll attest to what Eddie Atkinson said. The Ultimate Beginner's Guide is fantastic and it walks you through things to consider in a business plan, which is also something you should do before you get started. It's what I'm currently working on! Good luck :-)

Michael,

Congrats on finding people for your team! May I ask the steps you took to get there? I'm having problems finding people for my network. I guess I'm not really sure where to start - it's a bit overwhelming. 

Hey Quincy! Your overall strategy with real estate as a whole is very similar to mine so I had to comment on your post. I am also a real estate agent and am now looking into investing in multi-family. The real estate market in general is very new to me so I hope to learn a lot through sales that can help me with investing. Just like you, I hope that this plan allows me to be financially free within the next few years. The 9-5 grind just isn't for me! 

Good luck with everything! 

Hi Michael! 

Similar to you, I have recently decided to take the jump into real estate investing and am from the DFW area. It's nice to see other people from the metroplex on BP. I am currently a real estate agent with the ultimate goal of investing in multi-family properties. I'm still in the learning phase of investing and also trying to seek guidance and referrals - trying to develop a business plan! Good luck and feel free to message me if you have any questions.