All Forum Posts by: Rapy Narruhn

Of course G! Personally, these strategies played as piers to the foundation of my own journey. It's what got me out of the muddy moments. & you could always add to the list. I believe there's many other ways that have helped other investors. Looking forward to seeing other gold nugget replies. One thing I would add would be the importance of the schedule. In order to be great at follow ups, it needs to be scheduled. 🤞🏽

If you are investing consistently, you will know what your market charges for the work needed. Most experienced investors can offer sight unseen with 0 day inspection period by knowing the year of the house, square footage and if there has been any repairs done recently to the property. This helps them beat the competition. I also look up the property on the county website to see if there were any permits pulled for the work recently done. If there's no permit, there's a chance that the install wasn't done correctly. That will cost extra time and money to remedy. It will also be difficult to find a licensed contractor who will feel comfortable signing off on the work if they didn't do the work themselves. 

My farm area is a 1 hour radius. I invest in 3 counties. I send my offer in and look at the property once offer is accepted. There's times where I will walk the property before sending in an offer because it is a bank foreclosure. Banks do not like blind offers. They want to know you have walked it first before putting in an offer and have you sign a hold harmless agreement. 

Hey Lamar, Great job purchasing the guide. It shows you are willing to invest in yourself to getting better. One idea to create strong momentum, you can find a local investor who can analyze your deals with you. Every time you get a lead, you bring it back to your guy to analyze it. Have them show you how they analyze deals to how the closing process goes from start to finish. In return you are able to find a deal for them.

This happened to me. I posted a deal for sale on craigslist years ago. Someone reached out to me who I thought was a buyer, ended up being someone who was just trying to get in the game. He sent me 100s of deals and I told him no 100s of times. We eventually closed a deal together the same year I met him. Along the way, he learned to look for what I was looking for. Within a couple of years, he owned 10+ doors. 

Ayee Willis! Here's a few strategies that have helped me on my journey. Hope this helps.

- Review your daily schedule and take inventory of the tasks that has been repetitive. Once reviewed, try to subtract 1 task that hasn't gotten too much traction and incorporate another new task that will help you get there. Alot of being stuck comes down to the schedule. 

- Get connected with someone locally that you can either walk one of their projects or go on a potential deal walkthrough with just to keep the momentum going. Being aligned with your goals by being in the right environment is like a seed growing in good soil. 

- Read "The Wealthy Gardener." In the past, I would listen to this book over and over every morning on my walk when I was overwhelmed with projects, problems, and not enough time. It really grounded me. 

- Last but not least, help someone who might not know as much as you. This one gets you out of your head. Closing deals are great but there's something about helping someone on the way that's unmatched. 

How's it going so far? Did you end up flipping your first property? @Lara Di Girolamo

@Jeremy Rushlow

Look forward to seeing you win!

@Peter Miller

Every state is different. I would suggest that you google hard money lenders for the area you are wanting to invest in. You can call around and see what they are offering as far as interest and points. For the northwest, hard money lenders typically charge 12% and 3 points for new investors. Experienced investors can get as low as 7.99% and 1 point. I hope this helps.

I saw a photo that someone posted up from a recent seminar identifying that Portland and Seattle are one of the few high risk markets in the nation. What are the factors that play in indicating that a certain market is a “high risk” market?

If I already have a home of my own and I would like to sell a empty lot separate from the lot my home is on, how does capital gains tax play in this? I did some research and saw that since I've owned the property for more than a year, I will only pay 15% in capital gains instead of the usual 30-35%. I just wanted get more inputs. If anyone knows a CPA they would recommend in Portland, that would be much appreciated. 

Thank you! 

Thank you @Greg Scott for your insight. 

Forgive me. I just want to better understand. 

When you say, the market determines what is fair, can you give me an example using numbers? 

I apologize for my lack of understanding.