All Forum Posts by: Josh Rodriguez

Love this question @Nathan Gesner! Definitely Rich Dad Poor Dad for me as well and many others, currently reading "The 10X Rule" by Grant Cardone and I have to say, it has got me so pumped to unlocking my full potential and constantly taking action to reach my goals! I also agree with @James G. about making it a habit of listening to podcasts, books and surrounding yourself with like minded people to inspire you to learn more each day. 

Hey @Anthony Dooley, I am also new to REI. Working on building an effective "funnel" for leads. You mentioned searching local tax records, how exactly do you go about doing this? And how do you get in contact with these people after finding them?

Hey @Scott Passman, thank you for replying to this forum. These are great resources and it is going to help me out a ton! I appreciate it

Hello BP, I have been analyzing deals mostly out of state. Some locations I am either not too familiar with or I don't know a thing about. 

My question is, what are some great sources to find more in depth information about certain locations/neighborhoods? (e.g. crime rates, population, employment rate etc.)

Hey @Simon Collins, thanks for the input!

You pretty much covered the bigger concerns I had while running the numbers. I don't know a thing about the Jacksonville market so its basically running numbers blind. I guess the numbers were too good to be true..

From your response, I take it that this is somewhat of a B class property in a D class neighborhood which is not ideal for me and my risk tolerance. Also you mentioned the risk of high turnover which could hurt steady cash flow. Also the possibility of not finding the right PM to manage this property in a "deadly" neighborhood. Too many red flags!

These issues stood out to me so I really appreciate your input. Also you, being from the Florida area, I will definitely take your $0.02 moving forward.

Welcome to BP @Jonalyn Davis! 

Note: I used very vague calculations for this Duplex in Jacksonville, FL. I will definitely look into this deal more in depth as it passes the 1% rule (1.46%) and also the 50% rule (Positive $162) with a COC return of about 12%. Just curious to see everyone's input

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Welcome to BP @Yan Katz! I am also newish to BP and the REI game from San Francisco, CA

Like you, I have also been working to build my "Core 4"/Team to assist with my investing journey.

I see you're a lender in California. I will definitely reach out if I have any questions.

Hey @Xiaofei Chang

New aspiring investor from the Bay Area as well. Some books that I recommend will help you get started are:

"Rich Dad Poor Dad" - Robert Kiyosaki

"Rich Dads Cashflow Quadrant" - Robert Kiyosaki

"The Book on Rental Property Investing" - Brandon Turner

"The Book on Investing With No and Low Money Down" - Brandon Turner

Also some other great sources are through podcasts some in particular are:

The Real Estate Guys

BiggerPockets Podcast

The Cardone Zone

Hope these help. I wish you luck in the future!

Hey @Saman Jafari, I am also on the same boat.

I am from the Bay Area and also looking to invest in the Sacramento area. I also have similar concerns when it comes to out of state buy and hold properties. It would give me a peace of mind investing in an area where it would be an easy drive up for me to check in and handle any issues that may come up. 

So far I have found myself analyzing more SFRs as opposed to multifamily just because there are only so many good multifamily deals out there. Overall i find sale price ranges in the area decent considering the ROI/Cashflow. I am also a new investor so maybe we can compare analysis reports and see how close or far our numbers would be.