All Forum Posts by: Kyle Ransom

@BP thanks everyone for all the feedback. I don't feel good about this deal since the lease so so short. The seller assured me he would do his best to extend the lease I may make the a requirement in order for me to close

there are plenty of tools to help you with this I recommend  Rehab Valuator it's free to use the lite version and it breaks down all of the cost to do a flip. 

Hi Stanley that the lease is a concern for me as well and I wanted to brainstorm to address some scenarios to address since this is a new asset class for me. The property has just been renovated. I am still doing market research on the area now. 

I just bought it on Kindle

thanks David

Hi everyone, I am in negotiations with a private seller on a 2,800 Sq ft commercial property that is currently leased for 2 years at 11.57/sq.ft He wants to sell a 10% cap. at $275,000 I crunched the numbers and I am looking a 10% Coc return 17% IRR what should I be looking out for when conducting due diligence?

Wow!!!!!

Glendy, if you want to invest in real estate you will need capital and good credit. You can build capital by flipping contracts also known as wholesaling. You can also get people to invest with you for a percent return on their money. Either way to will need to start making connections with cash buyers will buy properties from you if you do decide to wholesale. And build a list of private investors willing to invest with you. 

Also make sure your credit is in order. If it you don't have good credit get it fixed. You will want a credit score of at least 680 but 730 is best to get access to cheap capital when you need it. 

I bought one from Michael Blank

Wholesaling is one way to get started in real estate but it isn't the only way. I think I might be a good idea to think about why. Why do you want to get starting in real estate? Is it to make large chunks of money? 

If so then wholesaling might be the way to go. If you want to get started in real estate to generate income and build wealth then you may want to consider income properties like rentals and with that what type of rentals? You can generate income from single-family homes by renting those or via AirBnB. Or do multifamily units like apartments or even other commercial properties.

 I know it's a lot to think about right? The Bottomline is don't just get into real estate without having a plan and set goals. That way you will have a better understanding of what you need to do, how you will do business and invest in real estate.