All Forum Posts by: Paul Stamm

@Mitch Messer

Thanks again for the help! I have not yet started to seek out sellers. Right now I am trying to learn and practice analyzing deals. Nonetheless, your article was incredibly helpful! Looking ahead, I am unsure of how exactly I will purchase a deal as I will not have adequate credit (because of my age). I have read Brandon Turner's book The Book on Investing in Real Estate with No (and Low) Money Down and it had lots of great information. I really like the idea of Seller Financing. Do you have any advice on this technique or do you have any experience with this style of creative financing?

@Matt Macnamara

One way to find the owner of a property is through skip tracing. BP actually did a live video demonstration on Instagram yesterday that was all about the topic. It seems like a long process, but I'm sure it is completely worth it. Hope that helps!

@Mitch Messer 

Thanks so much for your help! It means a lot! I went ahead and fixed the errors. 

On the Total Cost Out of Pocket, would this still be accurate: 

Adding up Purchase Price, Purchase Closing Costs, Pre-Rent Holding Costs, and Estimated Repairs. Then subtracting the loan amount. 

I think this would work in order to show both the total project cost and also the cost out of pocket (next on the spreadsheet).

Hi BiggerPockets community!

I have recently been listening to lots of podcasts and reading books on real estate. I have began to analyze potential properties using a spreadsheet that I created. 

I would love if someone could check it out and possibly give me some feedback on what they think of it. Are there any errors? Is there anything I should add? 

Any advice would be greatly appreciated!

Here's the link: https://docs.google.com/spread...

Thanks!