All Forum Posts by: Josh Lyons

@Tyler Weaver  Thanks Tyler.  I really like your point about getting good at analyzing deals fast by first learning the process by doing it slowly. Great point.

Thanks for the advice guys. It sounds like the best practice is to run the numbers first.  If they look good, then go check out the property. 

@Nick Thomas  Thanks.  Great tip.  What is the market value x 7%?  Is that another rule of thumb similar to the 1% rule?  I haven't heard of that. 

@Account Closed  Great tip, thanks!! 

@Joe Villeneuve  So what is your thought process when looking at a property without pictures?  I guess you look at everything else to see if it's worth going to see?

@Ned Carey  Great points Ned.  I'm starting to learn to use the 1% rule as an initial filter when going through property leads. I'm looking for a buy/hold single family home in south Charlotte.  So it sounds like you don't pursue properties if they don't have pictures unless something else about it looks promising. 

Read Rich Dad Poor Dad.  Then read it again.  It changed my whole mindset about money and career.