All Forum Posts by: Nate Wentworth

@Kuba F. thank you so much! I'll read those blog posts.

@Aaron Klatt thank you for your responses. I'll try to figure out the cap rate in my area and run some mock analyses to get the hang of it.

@Aaron K. forgive me for asking a dumb question: How do you determine the ARV for the property (assuming it's a 2-4 unit)?

Hi everyone,

I'm trying to learn to identify deals and analyze them, but I'm having some issues:

• What CapEx assumptions do you prefer to use and how do you determine that figure (based on age, size, etc. of property)?
• How do you identify investment properties from images online? I understand that visiting and touring the property with a contractor or inspector would be the best way to ge a full picture of what you're dealing with, but how do you determine that it's even worth your time to get under contract and to that point?

Thank you all in advance!

@Josue Velney,

Thank you for your response. I have attended a handful of meetups but nothing ever transpired as far as lasting industry relationships - mostly due to my current position and inability to get into the game. I am however, extremely interested in learning how to analyze deals and find ways to add value to companies but haven't had any call backs recently. I have cold emailed ~50 firms in or around the Boston area to try to get my foot in the door even part time or on weekends any way that I can.

Originally posted by @Chris Sellers:

Nate,

Great ambition!  Congratulations on nearing graduation from college.  Sounds like you have a lot of great stuff going on.

I would keep researching real estate as you're doing, graduate, get a good paying job (maybe in real estate, maybe not) and work on saving cash for your first deal.  Maybe a good duplex or triplex to hack?  If that doesn't satisfy your need to be in real estate, work part time for a property manager (in addition to your job), collecting rent or getting apartments ready for rent.  You'll learn a ton there and make connections.  

It's all about being in the game, keeping  your mind focused and networking.  Deals will come.

Good Luck,

Chris

 Chris,

Great idea about working for a property manager. I hadn't even thought about that. As far as your other point, house hacking is going to be my first priority (once it makes financial sense) for me once I'm finished with college next Spring. Do you know of anywhere I can look over an example deal analysis to get my feet wet in doing my own financial spread of a property?

Again, thank you for your response!

Found an interesting new offer from Freddie for first time homeowners. Theyve dropped the down payment qualifications from 3.5% to 3% as of July 29. https://www.washingtonpost.com/news/where-we-live/wp/2018/05/16/a-new-low-down-payment-option-for-home-buyers/

I'm new so take this with a grain of salt. I would drive for dollars. driving your area with a notebook and writing addressed of distressed or abandoned properties in decent neighborhoods should be a good start.

Hi everyone,

My name's Nate and I'm a 24 year old senior finance student who's interested in real estate investing, acquisitions, and development. 

About Me

I initially started out as a civil engineering major and interned for a 100-person engineering firm in Boston in their plumbing and fire protection department but ultimately went on to pursue a degree in finance. I’m currently employed as a mergers and acquisitions intern at a management consulting firm focused on the architecture, engineering and construction industries and I support both buy and sell-side transactions, but my passion lies within the real estate industry. 

My end-goal would be to learn the ins and outs of the industry in order to earn passive income and steadily do more and more profitable and complex deals. I have attended a handful of RE meetups in the past 

My Skills

My short-term goal is to learn from, contribute to, and build value to an existing operation near the Boston area. I have baseline financial knowledge (taking Real Estate Investments during the Fall semester), I have the passion and drive to learn the business. I've read several books including Rich Dad, Poor Dad and a handful of Brandon Turner's books too. I'm eager to learn the business and will do what it takes to be successful.

Basically, I'm looking for an entry-level position that will give me the opportunity to learn as well as to add value to someone's company. 

I look forward to getting to know some local real estate investors and learning from your experiences.

--

Nate

I apologize is this is the wrong place to post this.

Hi everyone, My name's Nate. I'm a 24 year old M&A intern at a small firm focusing on the engineering and architecture industries as well as being a part-time product specialist at a range rover and jaguar dealership. I am also entering my final year in college as a finance undergrad and I have a strong passion for real estate. My end-goal is to earn passive income from multifamily rental properties so it can become my full-time job. My short-term goal is to learn everything that I can about real estate investing. I've read a ton of books, listened to nearly all of the podcasts on BiggerPockets. I've been attempting to get an internship or other day job in real estate investing (REITs, or private equity firms) by sending ~150+ emails butt haven't had any luck getting my foot in the door that way. Now that I've got a handle on my busy schedule, I plan to become more active on the forums in order to network and hopefully learn from everyone's experiences. I look forward to meeting you all, Nate