All Forum Posts by: Nick Peters

Although I agree with the general message that every deal is unique, I believe the whole point of this forum is specifically to advise BP members if those deals have potential or not. A loss-making, cash-bleeding property is rarely good for anyone..

Based on the report, he's buying a property for $200k that will generate $1,350 monthly income so we're already starting pretty low. Then even using low expense estimates (5% vacancy, 5% capex, 5% repair, no property management, etc), you cashflow $90 a month, for a 3% Coc and 5% cap rate. The IRR is not calculated by the model but it's probably not amazing either.

Overall, if I'm going to manage a tenant and leverage myself with debt, I would at least expect a decent return on investment, otherwise I would invest somewhere else. In this case, I'm not sure the property can make the cut at this price.

@Dan Wentworth No property management expense?

@Rickey McBride

Welcome to BiggerPockets! You came to the right place to learn more about real estate and connect with other motivated investors. BP is full of great content, so I strongly recommend you to have a look at the following resources:

1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

2. Then check out other online guides available here: https://www.biggerpockets.com/guides

3. Have a look at BP's blog where new articles are published everyday: https://www.biggerpockets.com/blog

4. If you wish to network or ask specific questions about your local market, you can go to your local real estate forum and discuss with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

5. Or you can directly meet them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings

6. Finally, BP has various tools available to help you analyze your deals (rental, flips, wholesale, etc), feel free to use them: https://www.biggerpockets.com/investment-calculators

Please let me know if I can help, and best of luck!

@Marquis Williams

Welcome to BiggerPockets! You came to the right place to learn more about real estate and connect with other motivated investors. BP is full of great content, so I strongly recommend you to have a look at the following resources:

1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

2. Then check out other online guides available here: https://www.biggerpockets.com/guides

3. Have a look at BP's blog where new articles are published everyday: https://www.biggerpockets.com/blog

4. If you wish to network or ask specific questions about your local market, you can go to your local real estate forum and discuss with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

5. Or you can directly meet them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings

6. Finally, BP has various tools available to help you analyze your deals (rental, flips, wholesale, etc), feel free to use them: https://www.biggerpockets.com/investment-calculators

Please let me know if I can help, and best of luck!

Welcome @Zack Waller! You're definitely starting with a big advantage compared to most new real estate investors! Now that you have the crew on field, don't forget to check tools available on BP to help you analyze flipping opportunities and be sure that the math behind a flip works before jumping on a deal!

Best of luck

@Eduardo Beltran Welcome to BiggerPockets! You came to the right place to learn more about real estate and connect with other motivated investors. BP is full of great content, so I strongly recommend you to have a look at the following resources:

1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

2. Then check out other online guides available here: https://www.biggerpockets.com/guides

3. Have a look at BP's blog where new articles are published everyday: https://www.biggerpockets.com/blog

4. If you wish to network or ask specific questions about your local market, you can go to your local real estate forum and discuss with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

5. Or you can directly meet them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings

6. Finally, BP has various tools available to help you analyze your deals (rental, flips, wholesale, etc), feel free to use them: https://www.biggerpockets.com/investment-calculators

Please let me know if I can help, and best of luck!

@Prem Kumar Welcome aboard. I would reach out to a specialist (CPA or attorney) to get answers specific to your situation. Out of curiosity, where do you plan to invest in the US?

Best of luck

@Aaron Sronce Welcome to BiggerPockets! You came to the right place to learn more about real estate and connect with other motivated investors. BP is full of great content, so I strongly recommend you to have a look at the following resources:

1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction

2. Other online guides are also available here: https://www.biggerpockets.com/guides

3. BP's blog publishes new articles everyday: https://www.biggerpockets.com/blog

4. If you wish to network or ask specific questions about your local market, you can go to your local real estate forum and discuss with investors in your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

5. Or you can directly meet then by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings

6. Finally, BP has various tools available to help you analyze your deals, feel free to use them: https://www.biggerpockets.com/investment-calculators

Please let me know if I can help, and best of luck!

@Jeff Mobley Welcome to BiggerPockets! You came to the right place to learn more about real estate and connect with other motivated investors. BP is full of great content, so I strongly recommend you to have a look at the following resources:

1. Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction 

2. Other online guides are also available here: https://www.biggerpockets.com/guides

3. BP's blog publishes new articles everyday: https://www.biggerpockets.com/blog

4. If you wish to network, you can go to your local real estate forum and discuss with investors in your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking

5. Or you can directly meet then by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings

6. Finally, BP has various tools available to help you analyze your deals, feel free to use them: https://www.biggerpockets.com/investment-calculators

Please let me know if I can help, and best of luck!

Welcome to BP @Deandre Lee! Best of luck