All Forum Posts by: Maxwell Xavier

@Caleb Heimsoth Hi thank you for responding! So there are 25 properties all centeralled in a dense area ranging from 70k - 270k I'll give an example of 1 in each price range.

House 1

Listing price: 240k

Rent: 1,400 per unit (2 units) 

Tax: 3,700 (roughly)

House 2

Listing price: 133k

Rent: 1,375 per unit (2 units)

Tax: 2,050 (roughly)

House 3

Listing price: 70k

Rent: 900 per unit (2 units)

Tax: 1,075

Not sure where to find insurance sorry.

Hello! My name is Max and I'm pretty new to real estate in general and I'm more of in the process of just educating myself more than anything. There is a particular area where quiet alot of real estate is avalible, the town is mostly B and C neighborhoods. The majority of the real estate avalible is either single family homes or small multifamily homes. After scanning the market and area it seems as though the majority of them are fairly priced or under priced. My concern is that there are so many avalible.... There is a fairly large university right in the center of all of this real estate so I'm worried about why are there so many great deals avalible and why has nobody taken any of them? Are the any particular factors that I should be looking for other than location and economy because based on those alone they all seem particularly good. Thank you!

Hey Ape, just wanted to let you know you're not alone! I'm also trying to get started except I'm not very experienced. I recomend reading some of the books on bigger pockets! Its given me plenty of information and it's made me much more confident on the whole process. I'm currently reading one by Brandon Turner about real estate investing for rental properties. It's a greet book! Good luck on this journey hopefully we'll see eachother in the real estate world!