All Forum Posts by: Account Closed

Investing in real estate can be overwhelming. Back in December of last year, I remember being excited about real estate investing then. During the excitement phase, I read various books on REI. Particularly, I read those that were published by Bigger Pockets. FIVE months passed as the reading continued, but no tangible progress. The informatIon overload, lack of patience, and not knowing the proper steps made REI overwhelming. It became overwhelming that I decIded to not continue the path of REI. However, today I’m back here to give it another try. But I have a question. How are you dealing with the overwhelm?

Jody Schnurrenberger, thank you for your extensive description. I agree with what you shared, particularly the “trust” relationship you must have with an agent. Speaking freely about one’s strategy with an agent is critical. I also understand Thomas S. strategy along with Alex Huang “double checking” yourself method. 

Thank you BP for the fun information you provide us and the connections we make!!

Good morning Pros,

What do you advise when it comes to choosing your real estate agen? For me, experience is number one. Any other traits to consider?

Thank you and happy holidays :)

@Nathan Gesner

Greetings from the Washington DC area to Wyoming. 

Thank you for the insight Big Cat!

Salam (Peace in Arabic) pros,

I'm currently new to the wold of Passive Income "Cash Flow" and want to connect with Property Management Organizations that are within the Alexandria, VA area. I appreciate your suggestions/referrals.

@Bobby Montagne

Thank you for sharing this info. I looked up and joined CAZA Real Estate Investor Network via Meetup.  I look forward to attending their future meetings. 

@Account Closed

 Thank you for your help offer. Before I call you, I have few questions for you to address here. 

1) profit margins, what is a good source/way to estimate a reasonable margin/range? 

2) Hybrid contract: where can i find an example/template of such contract? Currently, I'm educating myself on contract clauses and possible addendum(s) that are expected in the real estate world.

Charlie,

Thank you for the insight. I have not thought of the auction route, honestly. But, I'm now intrigued by the information you have provided, especially the 50 properties search/analyze assignment. And going to 5 auctions per week would be practical. Is it possible to do that with a 10-6 job?

I also did not think of expanding my research to include land...etc. However, most of my current research is focused on "Buy and Hold".........not any more though! Thanks to you, i'm switching my focus on CASH buying.

I'm a civil engineer currently working for a Land Developer, soon to be a Proffesional Engineer (PE). All I need is to connect with the right pros for guidence. Therefore, you will be hearing from me soon with questions about the rest of your response.

"Growth is never by mere chance; it's the result of forces working together" J. C. P.

@Account Closed

I'm glad you are leading the spearhead into Passive Income as a college student. I've read about estimating for fixes. One unique way of estimation is to consider one major repair only (Roof or HVAC, which tend to be a high cost when compared to other fixes) that is needed for the property you are looking at. This requires you to do a quick search for brand new (Roof, HVAC.) and get a quote/feel of what is a normal charge for that. Your numbers will be on the conservative side for sure. I also suggest you go to a property to tour/see so you can get in the habit of spotting possible damages. And seeing properties is critical because more repairs needed lead to more negotiations with the seller for a better deal. Remember, repairs are not always a headache. Repairs can increase your cash flow significantly.

Good luck!

Salam (means Peace in Arabic) pros,

It feels good to be among the PROs, even without any invests executed yet! With that note, I look forward to connecting with pros around Northern VA (Particularly Alexandria area)