All Forum Posts by: Nat Rojas

@Charles Carillo what do you mean by "don't over leverage"? Could you please provide an example

 Don’t mean to hijack the response, but stumbled upon the question.

Depends on specifically what you’re looking for, you have options:

• Instead of copying the active cell, enter the cell by double clicking (or pressing F2), highlight the formula and copy the contents. Then paste in the new cell. Example: Enter cell, Copy (CTRL+C) “A1+A2” inside the A3 cell, then paste (CTRL+V) in cell C3.
• Use Absolute Cell Reference. Found detailed article and video to further explain (Relative and Absolute Cell References).
  • $A$2: The column and the row do not change when copied
  • A$2: the row does not change when copied
  • $A2: the column does not change when copied.

Hope that helps. Let me know how else I may assist you!

 Brandon to my understanding the offers are to be so low that the majority wouldn’t be accepted. On another forum/article I read, “If your offer doesn’t embarrass you, it’s too high.” Hence my desire for asking the question as there are so many “processes” to choose from. I am now better understanding different people with different personalities follow different techniques and strategies.

Nevertheless, you offer strong and valid points. Yes, based upon my due diligence (and legally, apparently!) my intention should be to close on the property.

At no point in my investing career will I feel comfortable placing myself or another person in a negative situation. Based upon the advice and epiphany provided from you and @Frank Wong, I’m currently changing my mindset and process to conduct all business transactions in good faith.

Thank you for your input, Brandon.

Hi Frank,

Thanks for the response!

This makes sense and the last thing I would want is to waste anyone’s time. I don’t mind doing the analysis before reaching out. As long as the ball is in my court, I can push the pace.

What do you mean by “it’s never about value”?

That's certainly a great point. I'll be sure to learn how to compile comps and determine ARV. I enjoy researching and learning, so thank you very much for focusing my direction. As I begin my research, do you by any chance have any expert tips or recommendations regarding pulling comps/determining ARV that I won't find online?

Again, thank you, Frank for your assistance!

Hi BP Team!

TLDR: Submit Offers after I receive Comps or submit offer, get accepted then during due diligence phase review comps and other due diligence activities?

Starting out and looking to continue to improve my process. In @Brandon Turner's Webinar last week he offered this process: 1. Leads 2. Analysis 3. Offer 4. Buy. 

I currently analyze deals everyday using my spreadsheet. If the cashflow is >$100 (Expenses includes: 10% Property Manager, 5% Capex, 5% Repairs, etc) then I move property to next phase.

I planned to request comps from a real estate agent to move forward, but I then heard the mantra: "Submit 100 Offers, get 10 accepted, buy 1." Should I wait for all the comps to submit offers or modify the list price to where my numbers work (per the webinar) and then immediately submit the offer.

Any assistance or wisdom is greatly appreciated! I love process improvement and want to continue analyzing many deals day after day. Thanks in advance!

@Jonathan Cox Thanks!!

@Andrew Kerr

@AndrewKerr Great strategy and makes perfect sense! how much of the "majority" do you believe is the right amount? Do you ask the cash partner specifically? Offer XX% and negotiate from there?