All Forum Posts by: Nathan Cross

Hello Priscilla. That is great to hear you are looking to start your real estate investment journey. I would recommend that you join the local meet up in St. Louis (St Louis REI Happy Hour). It is ran by a few BP members and is currently over zoom, but should hope to be going by to live soon. Send me a message and I will give you their email, so you can get the link for the next zoom meeting on the 25th.

Do some networking and meet people that are in different stages of their investing journey. 

Hey Christon, let me know how I can help. Reach out to me on here and we can exchange contact information

 Hi Gabrielle. I would suggest that you go to local meet ups if they have them in person or on zoom. This will allow you to find some actual investors in the area, but this is great for networking and finding people that could possible help you learn more and more about investing is Real Estate. 

I will say do not buy into the hype of what you see on Youtube and Social Media. Wholesaling is not as easy as they make it seem to be,  I know this because I have wholesaled deals as well. 

Good luck to you and always remember to add value to everyone you meet!

 Since you are a PRO member you have access to analyze products that are found under the tools tab. You are able to to input property data there and it does the rest of the work for you. It will also show if you had the 1% rule/test or not. This is by far one of the best things that BP has give out to all their members and I highly recommend everyone to use them. 

Yes, all CPAEX, Maintenance, Vacancies are all factored in with the PITI to make sure that the rent covers all those expenses.

Hi Gustavo, 

I hate to hear that you guys have ran into a hurdle to keep growing your guys rentals. I am not sure if you have though about maybe cosigning on the loans with him. Once you get to a good amount, you could be able to move them into a commercial loan later. 

 Hi Mel. So the 1% is something I think about at the bare minimum for the deal to make sense. I am not looking for just appreciation, I am looking for cash flow. 

What are the other cost that you are asking about? I do not want to assume what you may be referring to, so I will just ask. Ha

I know that I look for my rent to cover all my PITI (Principle, Interest, Taxes, Insurance). After that I, I then subtract cash needed for reserves, CAPEX, Maintenance, Vacancies and PM fees. The rest as you know is all CASH FLOW!!!

Hope I was able to answer something for you in your question. 

Of course, I hope that I was able to help.  

You are on the right path, but I would suggest networking and getting to know other investors. I suggest that because they would know who to use and not use for contractors. Then if you meet contractors on your own, check out their current jobs and keep tabs on the progress. I am not saying that this is full proof, because it is not. But this is better than not at least seeing some work done. At the end of the day, you will be some trial and error with the journey. Just prepare and be conservative when you run your numbers.  

Jake I sure hope you get your wife on board with the idea, but she may want to see proof of concept ha. So in your town do you know anyone through friends, family, someone at the fire house that knows someone that has rentals or a property that they are tired of owning. Reason why I am asking this, is maybe you get them to do seller finance terms. 

Sine you have some money but not $100,000s sitting around, that would be a great way to get started.