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All Forum Posts by: Matthew Paul

Matthew Paul has started 2 posts and replied 5 times.

Post: Type of Property to start out with

Matthew PaulPosted
  • Posts 5
  • Votes 1

@Kenny Dahill Thank you for the insight. It’s given me a different perspective when looking at the different property types.

Yes that seems to be true. I’ve got a few books that list formulas and have been trying them out in excel and they work really well. Thanks for the tip!

Post: Type of Property to start out with

Matthew PaulPosted
  • Posts 5
  • Votes 1

@Scott Weaner

That’s great to here. How did you get it like that? I’d imagine most tenants in multis would want you to do the lawn care. Luckily here in Georgia we only get 2 inches of snow a year, if that. That still turns our state into a complete stand still.

Post: Type of Property to start out with

Matthew PaulPosted
  • Posts 5
  • Votes 1

@Kenny Dahill

Thanks for your response. I guess how I’m analyzing deals might be off somewhat since almost every multi family is great but single is so bad. Perhaps I’m missing some possible expenses that a multi can have.

That’s good insight not to think about an asset that’s inherently better than another and just focus on the deal and the numbers instead.

I’ve been using the calculator on here to help analyze properties I like, and one thing I’m wondering about is how well the link they provide is about average rentals in the same areas as the address you provide? Is their a better method to getting a more precise number down?

Post: Type of Property to start out with

Matthew PaulPosted
  • Posts 5
  • Votes 1

Hello,

I was wondering what is the best beginner friendly to start off with? A single family home, or a duplex? It seems a single family home would be better tenant wise, but it’s not cashflow. It seems there are a lot more cashflow positive duplexes I can find than single family homes. I’m certainly more attracted to the multi-family units than the single ones but it might be a bit too much beginning so what your opinion.

Hello,

I’m new to this and looking for the best direction to go in. From reading a bit and learning some basics I definitely lean more in the direction of buy and hold, to rent out properties for a monthly income. Some of the stuff I’m wondering now is what is the best direction to go in for that?

I was thinking of taking a real estate license course to gain the foundational knowledge on it. Such as what to look for and assessing value and laws etc.

Does anyone know some top books they couldn’t live without that deal upon this subject?

Looking forward to the discussion!