All Forum Posts by: Jonathan Tran

Hi, I am an out of state investor looking to start in South Bend, Indiana. Would love to get some opinion from other investors who are currently invested in the area.

@Jessica Martin Wanted to follow up on this post to learn how your journey has been like from when you started 5 years ago till now? 

Hi Josh,

Congratulations on landing the property and executing your first BRRRR! Fantastic ROI and the $950/month rent is just amazing. Can you please share more details on how you network with others and go about having them provided you with the deal? Was it through calling individual agents, connecting with wholesalers via BP, etc.? Beside this, have you had any issues with the tenant and finding the right bank for refinancing due to the pandemic?

Would love to connect with any investors currently invested in the area, wholesalers, birddogs, agents, handyman/contractors, and PMs.

Hi, I'm starting my first out of state investment and have picked MS Gulf Coast as a potential area. Would love to connect with any investors are currently invested in the area, wholesalers, birddogs, agents, and PMs. 

It would be great to learn from you what are some of the things I need to be aware of such as market, renters, and any gotchas I should be aware of before investing. 

@Tim Herman Thank you, Tim. My potential rent is around $900-950. After repair, I think I might just try for $1000. If I do the BRRRR method, I hope the house will appraise for $75k. Otherwise, I'll have to find a bank that can lend $50k or less since I will need to down 20-25%.

@Pat Heidingsfelder Thanks! I’ve just PM’ed you.

Hi Guys, I'm starting in Gulfport MS and would love to connect with fellow investors/realtors to learn more about the area and your experience. 

 

@Jaysen Medhurst Thank you for taking the time to review my calculator! Yes, it's SFR. The surrounding comp seems to be around $70-80k. Yes, the $5,000 worth of work is a guesstimate, assuming I'm only doing touch up on flooring, water damages (maybe), etc. Yes, closing cost and other things are also estimate. I think I might do the BRRRR method for this if the number works out. 

Hi @Tim Herman thanks for taking the time to review my calculator. Sorry, newbie question: what is sub? I'm thinking of applying the BRRR method to this property, since the comp in the area seem to be around 70k+.