All Forum Posts by: Marcus Jackson

Thank you Brian. This excites me because I definitely see some properties in that area with a price I agree with. I looked up the crime, like the actual cases, and it seemed mild compared to what the rating made me expect. I'll take a closer look.

I saw this property on craigslist: https://sanantonio.craigslist.org/reo/5774886983.h...

The kitchen is very worn and doesn't look leveled. The bedrooms will definitely need new carpet and it seems like the whole house needs paint. The bathroom looks great in my opinion. The Crime Rate has a D areavibes which makes me a bit hesitant, especially since it seems to be higher with property crimes. I like the price but I'm wondering if I'm letting that sway my judgement. What do you all think?

Thank you Mike. I think my excitement just got the best of me. I'm reading more and more to find the right deals. Very excited and motivated. 

I understand. I'll get right on your book suggestions, thank you.

 I see. Well this gives me hope for my examining skills because I thought the same things through the pictures about what needs to be done. I have a coworker that has roofing team so maybe I can get him out on the property and see what is going on. I did look at the comps and it looks like your numbers and mine add up. I wanted to offer $95,000 but if there is some serious water damage I will definitely go lower. The lower I can go the happier I will be. It has only been on Zillow for a day so they might not bite quick on the offer but judging by only 3 people saving the property it may be a great opportunity.

I just got home after thinking about investing all day today at work. I decided to look on Zillow for foreclosures that fit my price range. My plan is to buy foreclosures for a low (but modest) price, flip it or make some nice reparations, and sell it for as much profit as I can. Very basic plans at this point but I'm looking to get started sooner rather than later because I feel the longer I wait, the more deals that are passing me by. I found this property on Zillow: http://www.zillow.com/homedetails/4010-Quiver-Dr-S...

I really like this house and see great potential in it, especially since it is already priced pretty low in my opinion. On top of this, rehab financing is available which really piqued my interest. At this point I'm willing to make an offer on the property just to get my foot in the door with investing but I'm unsure in the end if this is a good investment or not. I would like some feedback from you all so that I can start off on the right foot. Thank you in advance.

-Marcus :)

Quick Edit: Real Estate agent will be contacting me in the morning so I would like to be armed with some questions to ask to get a better understanding of the property. I've read a whole lot about how to get started but I've never really read about what to say to get the deal started. I'm not putting all my eggs in one basket that this is the grand deal of a lifetime but I'm hoping to move forward in this process. 

I just made my BP account not too long ago and had been a lurker on here for a bit. I too am in San Antonio and I have likewise goals. You seem very motivated and just with that good attitude I think you will go far. Big welcome from me to you Luke. :)

 I totally agree Donald. I have been reading for a while now and still continue to expand my knowledge on investing. I always love learning new things about the business. I've heard great reviews about that book and will be picking it up tomorrow. Thank you for your offer. It helps me knowing that I have people that are there to help me. I will definitely be in touch when I get to that point in this journey.

 Thank you very much. I'm determined and ready to get going. More success to you too.

 Ha. You caught me slipping. I'll make sure to stay on my A game when I take another picture. Thanks for the welcome.