All Forum Posts by: John Johnson

I have been looking and reading some posts on here and still don't understand what CAP rate is. Can someone please break this down to me in very simple terms

OK I recently found a very good deal on a house in my area. Being new this would've been my first deal but someone got to it before I could. My issue is that I am a college student with no real savings no money for a down payment but I do have very good credit. I was thinking about wholesaling this house when it was available but was a little concerned. I guess my question is being in this situation what is the best way going about taking advantage of a Wholesale. If I make an offer and for some reason can't get the house moved/sold to someone else before closing what other options would I have.

Are there any meet ups or clubs in Stillwater Oklahoma or surrounding areas. I know it's a smaller town but figured I would ask.

Are there any good websites or places that will help you analyze what investors are charging for rent in a certain area. To basically find the average rent based on bedrooms bathrooms etc. or is it all just legwork and figuring it out yourself?

Hey I'm new to real estate and have not done a deal yet but am looking to get into something soon. Are newbies welcome or is this more for the experienced investors?

I am currently in Stillwater Oklahoma and have been looking around at some of the different houses for sale and rent and it seems that a college town might be one of the best places to have rental property. Rents are seemingly high for the house and there is always a demand for housing. I guess my question is am I missing something that would make it unappealing to invest in rentals in a college town?

@Andrew Ware thanks that's exactly what I was looking for 

good to have you here. I am in the same boat as you, liking to get into my first deal in the next 6 months. This place is a fantastic place to learn. Don't be afraid to ask questions on here. Every one is helpful and very understanding. Good luck 

@Andrew Ware  so  let's say I'm on my first deal and I have someone willing to put up money for 100% of the cost (friend).  What are typical ways to structure repayment?  Meaning  Will he take a  percentage of the profit  and if so how much?  Or a set percentage  of investment?  I know that all these may  depend from time to time but just typically speaking 

 Hello all I am new to real estate investing and I have a question .  It's probably better to give a scenario first.  Let's say I compile  $500,000 of investor capital  to begin flipping and wholesaling.  I buy one house  for $100,000  flip it and make a $50,000 profit. How would I split up the Profit among  investors and myself?  Would you only give a return to investors who's money you had to use  or is the money split up evenly according to percentage invested ?  Or is this not how it works ?