All Forum Posts by: Jocelyn Gardiner

@Brie Schmidt Thank you so much Brie. I’ll definitely check out the glossary. I’m working on finding an agent/investor so hopefully they’ll be able to answer some of these questions as well. I appreciate your response.

I'm trying to analyze deals using the Bigger Pockets calculators, but I am totally lost on most of these financial terms and metrics. I know I can use the little question mark guides, but even still I'm floundering and not all of the output metrics have explanations. Feeling like a total rookie which might be acceptable bc I am one, but I don't want to stay in rookie status. Is there a more in depth guide or explanation on the ins and outs of these calculators and how to gather accurate numbers instead of just copying what Brandon does in his sample analysis's?  

Thank you all so much for your responses. It's interesting to hear all the different points of view and what has worked and not worked in your experiences. One of my favorite parts in David Greene's BRRRR book is where he talks about the emotional response buyers need to purchase a property and I agree with Christine Heartsill, that people want to be wow'd when walking into what could be there future home. I realize this may apply more to the flipping aspect of REI, but after reading many of your comments, I feel like there is a niche here that could be filled by savvy designers who understand both the investors' goals and the power of provoking an emotional response from buyers.

I've listened to several podcasts, browsed the forums and read some of the books, but I've yet to find any real emphasis or discussion about the design aspect of real estate investing. It's true I'm a complete novice, but it seems like smart, economical, quality design should be a talking point whenever rehab or house appreciation is discussed. I'm curious to know why it isn't. 

In David Greene's BRRRR book, he does outline a few house hacks, but those are mainly just tips to save money on materials not how to create a beautiful space that has sellers and renters knocking down the door begging to place an offer. Call me crazy, but my guess is that many real estate investors don't specialize in interior design which is why I'm curious to know why there isn't more discussion about design resources and adding a designer to your investment team.

I'd love to hear your thoughts, suggestions and if I completely missed some article, blog post or forum topic that talks about this very subject, please pass it along.