All Forum Posts by: Kyle Overman

@benleybovich

why 150,000? dd you use a mortgage calculator to determine the new payments for that? and p&i?

when figuring out NOI for cash flow for example, how easy or difficult is it to get accurate numbers on the total amount of monthly expenses for a house? I havent had too much luck in the agents on Zillow responding with these numbers. Any advise on how else to get these numbers? Bear in mind I've only tried asking agents so far as I just started analyzing properties the other day lol

what about oklahoma city?

Hey Everyone,

I'm looking to get involved in some sort of networking/REI group out here in Chicago so if there are any suggestions/direction from people who are or were involved the sort, it would be greatly appreciated!

Thanks!

@michael evans

could you somehow ask or request that the leftover 15k from the remaining loan to become a carry note of 10k? or is the 15k extra more of a selling tool to bring value to the table when negotiating? 

Hey Everyone,

New to BP and I'm excited to get started.

I'm reading through the Beginners Guide right now and am curious to know the thought process behind determining a "good deal" within a buy and hold strategy? For example, within my area do I want to be in the ball park of the comps for dollar per square foot? Is there a general table to stick to when considering the cash flow? Total repair work needed? Asking price? ROI?

I guess I'm confused on whether or not it becomes a gut feeling or if there are facts to stick to.

Thanks for the advice in advance and if I need to clarify my question further please let me know!