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All Forum Posts by: Nick Peters

Nick Peters has started 7 posts and replied 379 times.

Post: Wayne Xie introduction

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

@Wayne Xie

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 every day: https://www.biggerpockets.com/blog

4. If you wish to network or ask specific questions about your local market, join 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 with them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings

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

7. If you can't find what you're looking for, try the BiggerPockets' FilePlace: https://www.biggerpockets.com/files It contains hundreds of files such as ebooks, checklists, and spreadsheets for real estate investors.

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

Post: Mike, Richmond Virginia, trying to break into the market!

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

@Mike Rice

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 every day: https://www.biggerpockets.com/blog

4. If you wish to network or ask specific questions about your local market, join 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 with them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings

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

7. If you can't find what you're looking for, try the BiggerPockets' FilePlace: https://www.biggerpockets.com/files It contains hundreds of files such as ebooks, checklists, and spreadsheets for real estate investors.

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

Post: Is a part-time real estate agent possible?

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

It's doable but unfortunately, the likelihood of success is remote. Jobs like that require constant dedication, regularity, and more importantly a lot of availability for your clients, which is hardly compatible with working part-time.

As others have mentioned, you may find some success (i.e. close some deals) but you'll realize that the hours spent doing so may not have been worth it.

Post: Suburbs of Chicago let's connect on real estate investments

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

@Rick Gougis Congrats on your closing and welcome to BiggerPockets! You came to the right place to learn more about real estate and connect with other motivated investors.

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

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

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

Post: Newbie Here (Jacksonville Area)

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

@Wayne Felton

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 every day: https://www.biggerpockets.com/blog

4. If you wish to network or ask specific questions about your local market, join 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 with them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings

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

7. If you can't find what you're looking for, try the BiggerPockets' FilePlace: https://www.biggerpockets.com/files It contains hundreds of files such as ebooks, checklists, and spreadsheets for real estate investors.

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

Post: Whats the lowest CoC return% you've had on a deal

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

15% (IRR) was my lowest, but I don't regret making that deal (first because it wasn't that bad, and second because I learned a lot along the way).

Post: What RE blogs do you follow?

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

Hi everyone,

I'm trying to expand the list of blogs about real estate investing that I can read on a regular basis, so what are your go-to's? Not looking for large and well-known websites like BP and the like but smaller blogs.

Cheers,

Nick

Post: Future problems for investors....................................

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

The 1% has been dead for a very long time in certain markets. It doesn't mean that good deals don't exist though. You just need to adapt to this new market

Also, looking at real estate investing in a vacuum doesn't mean anything really, you have to compare it to available alternatives at any point in time.

Post: Wholesaling real estate on F1 visa, As an international student.

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

@Rohith Chowdary

Not sure if this is the best section for this question (or even if the forum is the best place to ask). Maybe try the following sections:

In any case, I would recommend you to contact a professional (lawyer) that can better assist you.

Best of luck! 

Post: WHAT ARE YOU THANKFUL for THIS YEAR ???

Nick PetersPosted
  • Specialist
  • New York City, NY
  • Posts 399
  • Votes 167

1. Thankful that my whole family remains healthy

2. Thankful that I was able to keep investing in rental properties despite a crazy market

3. Thankful that I was able to launch my online real estate business which is exceeding my expectations

Thankful for so many other things but let's keep it short this year!