All Forum Posts by: Kyle Scofield

@Logan Wells Appeals of real estate for me is.. the ability to purchase with leverage, if you buy right you can outpace the 8-11% easily, you can manage the investment directly (i.e. It doesn't matter how the overall market is doing and you don't lose returns because people get scared about BrExit haha), people always need a place to live, it's fairly stable and predictable ( a lot more than the market imo), tax savings, loan paydown, etc..

These are some of the reasons RE investing has appealed to me so much.. Hope this helps!

@James Breder check out @Brandon Turner 's post on the following link:

https://www.biggerpockets.com/forums/12/topics/202312-50-rule

Hope this helps man! Let me know if there's anything confusing or needs clarification.

@Jarrid Williams The rental property investing book is a good source but to be honest with you I learned more from watching the webinars when Brandon picks a property and shows the entire audience exactly how he would analyze it for his own purposes. After that, I dove into my market and analyzed deals using numbers that are common in my farm area

@Joshua Long Welcome to BP! I don't think there's a better resource out there strictly for REI education. The site is full of blogs, forums, guides, files and of course the awesome people... @Brandon Turner does a webinar every week where he covers basics along with more complicated topics so sign up! If you're just getting started, I'd recommend the ultimate beginner's guide found here on the site. Covers every type of REI, financing, and much more.. It's only about 90-page ebook with pictures and stuff so a nice easy read!... Once you get that out of the way, let BiggerPockets be your guide..

Let me know if there's anything else I can help you with... Good luck!

@Jarrid Williams I'm guessing you're looking for buy and holds? If so check out @Brandon Turner 's "book on rental property investing". He gives multiple examples, start to finish, on analyzing deals.. He also does webinars every week where he will sometimes analyze deals for a live audience. If you upgrade to PRO, you can go in the webinar archive and check out all his videos on deal analysis! There may be some on youtube as well.

Let me know if there's anything else I can help out with.

@Matt Jackson the only thing that scares some investors about condos is HOA fees and their random assessments. Although, some people specialize in this so that's not saying it can be done. I don't have any experience with condos but if you can make the numbers work and know you're getting a good deal, then I'd say go for it!

@Arthur Picanco There are definitely ways to get invest with little money to no money in multi-family properties.. Check out @Brandon Turner 's book on investing with no and low money down.. It talks about almost every no money strategy out there!

Hope this helps, let me know if I can be of any further assistance!

@Sean Lynch I'm not the most experienced in this but I could give it a shot at helping out! 

I'd say it all comes down to the rates and length of terms you can get.

Try to avoid paying points.

If it's your first property, maybe look into FHA loans if it's a residential property and you plan on living in it?

I don't think there's much else to look at besides seeing which bank will loan you money at the lowest cost to you. Unless its a bank you want to establish a relationships with for portfolio loans in the future!

Hope this helps a little, if you have any other questions or if I was unclear with something, let me know!

@Vince R. well done on the first deal man! I'm currently doing my first house hack as well and will be following the same plan as you! I've read most of the books here on the site and haven't seen anything about a rule of thumb for ROI or cash flow.. In general, most people shoot for anything above 8% (to beat the stock market).. So that's what I would say is the best rule of thumb for ROI...

For cash flow, I've read a lot of people average $100-$150 per door but that all varies as well but somewhere in that range is the most common.

Let me know if there's anything else I could help out with!

@Marc Alvarado welcome to BP! The site is full of excellent resources and even better people. What kind of experience do you have?