All Forum Posts by: Princeton Washington

@Lesley Govan there was these three units that were for sale for like 1.5 million and the cashflow was great on each one of them and I was like damn... If only I knew some investors I could package these into a deal with. I come back this morning to check on them and gone lol. Sigh!!

So at least once a podcast @Brandon Turner refers to analyzing deals and let me tell you since I've been consitantly doing it, it's really helping me get a better feel for whats a deal and what's not. I mean I'm starting to treat it as a competition with myself... How many deals can I analyze a day. Yes these are rough numbers and estimates but the fact that you can screen so many bad deals before you even contact your agent is like an ah ha moment. IDK just thought I'd share lol.

What they said :)

You got that fever bro!! Keep going!

A friend of mine made a great video about this on youtube https://www.youtube.com/watch?v=lt1PAxMBRA8 I think the most important thing for you is to really focus on what you want and visualize it. Even if you want your hands in many pies you got to start by narrowing your focus on where you'd like to start. For example, you want to get into apartment investing, great! Now how do you get there? What are your finances currently? How is your credit? Are you going to finance your deals creatively? Do you need a partner? What is your exact financial goal in the next 5 years? ect. The questions you ask yourself will help you narrow your focus and determine your destination. 

Totally agree with @Michael S. its the best flipping book I've read so far but FLIP: How to Find, Fix, and Sell Houses for Profit by Rick Villani I hear is really good as well.

Hey welcome to BP brotha! Hope to see more of you around the forums!

Ahhhhhhh then that makes the decision a bit tougher. Well I think the 15% above market value still makes it fair for a cash flow perspective do those values line up with the appreciation you've seen over the past couple of years?

Well if you're not going to do anything to the current floorplan of the house I don't think you should worry about it too much unless of course you're trying to get a better deal. In that case, you properly check with the city to find if the square footage is permitted or not. You could check with the county assessors office in your local area to find out more information I believe. 

I mean number one network! Go to local REIA meetings and ask around. Check with local realtors in the area and ask about who they think the big players are in the area. Find out where the foreclosure auctions in your area are being held then attend. See who's buying the most properties that day. From my experience the bigger the market, the easier to find out who the big dog is. You just kinda gotta think like a reporter and do a little digging.