All Forum Posts by: Jordan Murrell

As someone who is new to investing, I’m currently in the Las Vegas market. Reading this thread is helping tremendously. Eric makes some great points. There isn’t a right time, just the right deal... Crunching the numbers to make sure when it’s time to get in the game, it’s the right decision.

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Originally posted by @Todd Nagel:

Hello Jordan,

Great question. I am currently a real estate broker, a real estate investor and working now to sponsor my first real estate syndication. Previously I worked in the financial field as a financial advisor. The most important action to take was get started now! If you don't start you will never get where you want to be. Another of the concepts that was talked about a lot in that field was the idea of dollar cost averaging. Invest as much as you can on a monthly basis over time. I believe the same concept does apply in real estate investing. Get started. Keep saving and looking for opportunities and when they arise you mover forward with the purchase.

Real estate as you know is all about location. I do not think I could speak for what is happening in Vegas. I would expect some return to normalcy before the end of the summer. I also might expect a slight tick up in NED filings and down the road possibly a few more foreclosures in that market based on some peoples businesses not being able to survive. However I really don't think that will have a big impact on the overall numbers and because this is not likely to be drawn out too long most people will recover. Therefore I analyze your market. Talk to a good realtor. Keep looking for opportunities and see if you can find something this year.

Todd, this helps tremendously. I am tired of waiting on the side lines, though I am waiting to analyze and wait for the deal that makes sense for me to make at this time. I am not eager enough to jump into a bad deal. I believe the first one is the hardest one. So once I find this opportunity I will capitalize. I will keep networking and pursuing my goals.

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@Justin Frank

I really appreciate that Justin. I will continue to learn and wait for the right deal that makes sense to me.

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@Nick Rutkowski

I agree. Great strategy.

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@Dave E.

Dave, I will continue to educate myself and once I find a deal, I’ll make sure to do the numbers 4 times over. Thank you!

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@Shiloh Lundahl

Thank you Shiloh. This helps a lot. I will run the numbers again. I do have a cash reserve in case of unforeseen events. Networking here on Bigger Pockets, looking to join the REIA once everything is back to normal. Thanks again

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@Carmichael Lewis

Thank you Carmichael!

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@Todd Hutcheson

Thanks Todd. Seller financing right now would be ideal.

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@Justin K.

3 months after signing is a while. I presume a lot of things will be close to back up and running in 3 months.

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@Chris Seveney

That is great advice. I definitely will be shopping around for the over leveraged deals. They would want to get those off their hands...

Perfect time for a new investor such as myself to jump in.

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All Forum Posts by: Jordan Murrell

Jordan Murrell has started 16 posts and replied 155 times.

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Post: Is now a good time to start investing?

Post: Is now a good time to start investing?

Post: Is now a good time to start investing?

Post: Is now a good time to start investing?

Post: Is now a good time to start investing?

Post: Is now a good time to start investing?