All Forum Posts by: Leo A.

@Michael Hall

Welcome to BP! The BP community helped me as well avoid costly mistakes and everyday I am learning new just by listening to the podcast, reading the forums and most important asking questions.

The great thing about your story is you kept on moving forward and now back on track. Wish you the best on your RE journey.

Regards.

Greetings,

Apologize for the late reply. I am still in at uotorahonten Thursday, September 17th at 7:30. 

Already excited to part of this meetup and thanks for the location link.

Welcome to BP Gloria Padilla ! As per previous post, the BP website offer a ton of information to learn the basics of real estate investing and then you can plan your strategy or niche based on your goals. Wish you the best and success on you investing journey!

Welcome to BP Nolan O'Brien . I am a new investor as well and invest in Lemoore/Hanford area. Let me know if you have any questions regarding the area and/or if you need contacts(PM, agents, brokers). I can refer a couple i used successfully. Elizabeth Colegrove invest in the same area as well and helped me a lot on tips and advice. Wish you the best on your REI!

@Dmitri L.

Currently outside Japan and i bet you guys had a successful meet up. I am excited to join next time.

Thanks and regards to all.

Dmitri L. Count me in as well. I will be back to Yokosuka by end of this month. George Calbert I hope u see this thread as well. Thanks and regards.

As a new investor, I had the same experience and was using Zillow including other free websites to determine home values or rental rates. As our fellow BP members mentioned, it is so way off based on my experience.

Currently, I ask assistance from my agent about getting CMA including connecting with your local broker (within your network) to get this numbers. In terms of rental rates, I am getting info from local property management companies, craigslist and RE agents as well. Every time I submit crazy low offers, my agent will submit it but will let me know straight up if will just get rejected.

@Bryan C.

Greetings! I own one rental property and currently overseas as well. The PM manage the property and I usually call or email for any status update including saying Hi(at least once a month). So far I only received 2 calls from PM about bad garbage disposal and landscaping which was handled immediately by the PM(I require certain number of quotes if work gets to a specific $ amount). I received tons of advise from BP about managing my PM and annual recommended checklist/inspection which are now all automatic. The added 8% monthly cost is worth it for me based on my situation including field of work.

@Bill Gulley

Got it and thanks. I will re-evaluate what I have, make a decision and then move forward.

@Bill Gulley

Thanks for feedback and advise. I am new to the game and worried that when I apply for refinance or sell the property in the future, the appraised value will be based on the lower square footage which is a difference of 188 sqft.

As you describe, it is a distressed property and banks will not likely or will not renegotiate.

My plan for this property is fix and hold then refi possibly after 1 year but if appraisers will not include the extra space then I will be stuck and cannot recoup the downpayment.

Another lesson learned and working on making a decision if a go or walk away.

Thanks and regards.