All Forum Posts by: Josue Guerrero

I'm looking to kick back and socialize with some folks in Raleigh, but I can't find any real estate meet-up events :(.

Is anybody going to be hosting one sometime soon?

First off, welcome to the site @Arik Sikula! I'm assuming that you're asking about what you should look for in a real estate company, right?

Honestly, I would say the most important thing to focus on is getting your real estate license before thinking about which company you want to settle down with. The real question would be, which real estate school best suits your needs and accommodates to your schedule so that the process of obtaining your license is as smooth and efficient as can be. 

In the meantime, while you're studying hard for your license (Should take a few weeks to a few months), you can go to local real estate meet-ups and get to networking with some people. There's one in Raleigh every last Thursday of the month. I'm sure there will be an announcement soon as to where it will be. The objective would be to connect with the local agents and see which companies they work for and how they like the environment and people there, etc. 

Once you get a general idea of which companies are worth taking a look at and which ones are worth steering away from, you'll be able to better make a decision about which one you want to commit to! 

Best of luck to you

Wilson, I would say the best thing you can do is to definitely check out the Ultimate Beginner's Guide to Real Estate Investing. It will teach you just about everything you need to know about getting started in investing. Dedicate about 2 or 3 days to read through everything and WRITE ALMOST EVERYTHING DOWN. I wrote about 15 pages of notes from the guide from when I was first starting out! 

Once you've read and understood the guide, you'll have all of the knowledge you need to explain to your wife how real estate investing can help you accomplish your financial goals. The more you know about the subject, the easier it will be for you tog get your wife get excited about the idea and explain away any reservations she might have. 

Afterwards, the rest is up to you. I will mention that after I got through the guide and a few networking events, I benefitted from the House Flipping and Rental Property Calculators available to PRO members. I would dedicate about an hour everyday to finding potential real estate deals through websites such as Zillow or Realtor, and running the numbers through the calculator to see if the deal was worth taking a closer look at. Since you said you and your wife are very calculated, it could be a great way to have all the math laid out clearly in front of her. If the deal sounds perfect to the both of you, and you both understand what might be gained and what might be at stake, then it might be worth contacting an agent and scheduling a showing :)

Hi there! Is anyone in the Raleigh/Durham/Chapel Hill area of North Carolina in need of a professional home cleaning service for either their office, investment properties, or even just for your own primary residence? I'm the co-owner of a residential and commercial cleaning service called Ana's Cleaning Services and I would be happy to provide you with a free estimate if you're interested. If your property needs a good clean up and you're curious to find out more about us, check out our website! The link is www.anascleaningnc.com. If you like what you see then either head over to the contact page and leave us your information and either my partner or myself will get in touch with you as soon as possible!

If you'd rather send a direct email to the company, you can do so at [email protected].

Looking forward to hearing from you all soon!

Wow. Chris I really appreciate you taking the time to guide me through all of that. I had no idea a tool like IMAPS even existed. I checked it out and noticed there were 78 crimes committed in the area since June 1st! 

To be fair, none of them were felonious, but it does put things in better perspective. The most concerning ones were a few cases of burglary not too far from the property!

Again, I really appreciate you pointing out that website to me and it'll definitely make doing my homework a bit easier. 

 Yeah, the numbers seem to make sense! The deal was absolutely phenomenal about an hour ago but as others pointed out some flaws or details I missed out on, the deal started looking less and less impressive! Either way, even after everything that's been mentioned, it still sounds pretty good, it would just require quite a bit of homework! 

Thank you for the advice though, Keith, I'll definitely have to hop in the car and do a few surprise visits at different times of the day to see how calm or crazy things may really be! 

And trust me, I'm also pretty skeptical! If there's one thing I've learned from analyzing deals, is that if it's too good to be true, it usually is! I've definitely got a bit of homework to do!

Yeah, that's a fair point! I suppose the best thing to do is contact the local police department and ask what the crime rates in that neighborhood and near it are and hope that they are pretty low! I should probably also get in my car soon and drive down there to see just how sketchy or not sketchy the neighborhood might look.

 Don't they hope to turn that Dorothea Dix property into a public park? If that's the case, then you're right, that entire area could make a pleasant transformation. Not only that, but it would also increase the value of the multi-family property substantially as well. Of course that is purely speculation though!

 Uh oh, the wrong side of Lake Wheeler Rd does not sound very appealing! I know a few people that live in the West Side of Raleigh, and they've said the same thing about the West vs  East. From what I understood of your post, Andrew, the property is located right in  the middle of West and East Raleigh? In other words, it's near the end of what would be known as West Raleigh, and near the beginning of what would be known as East? 

If I take a closer look at the property, the first thing I'll ask will definitely be about the Wolfline! 

@Dawn Brenengen

Oh! I wasn't aware of that. I based my rental estimations off of other multi-family's that were renting out at $650 - 700 per unit. But my comps probably weren't that great. Thank you for taking the time to figure out how much the units are currently renting at now. I went back and updated the numbers to assume that each unit rents out at $600. I would plan on doing a bit of cosmetic work on the units so I would hope it would justify at least a $20 monthly rent increase! 

From what I'm seeing, now the cash flow has significantly been reduced to $671, ($911 if you exclude the property management that I included. More than likely, for the first few years I may manage this property myself anyways, down the line as I accumulate more investment properties, I'll let a management company take over.) 

Here's an updated link. 

       https://www.biggerpockets.com/calculators/shared/208862/6a23dbcc-fec1-4ca6-9894-e7c47feca9c8    

What do you think about it now??