All Forum Posts by: Aaron Hall

@Tarrin Lilly WELCOME.

2015 is going to be a great year. This is the place to expand your network and knowledge

Quick starter tips:

1. Go the "Beginners Guide"  it will help you understand how BP will work best for you.

2. Write your RE goal on your profile.  This will help people see what ou are looking for.  Can they change certainly - real goals should change.

3. Keep asking questions and connect.  You can connect with local people or people that have similr ideas or information you need.

What are your current interest in RE - Flipping / Buy n Hold / Wholesaling / House Hacking?

Hope to see more of you on the forum :)

Trevor Ewen That's a great idea - add value. That's what BP has done for me. Too many times I want to let them know how it's added value for me but I should be focused on how it can add value for them.

I have been learning so much on bigger pockets and want to help it be a tool for other local investors in Sonoma county. I find other like minded RE people and find that I can go on and on about BP but more is not always better. I really want to find a good elevator pitch to give people about BP. Question: So what is your elevator pitch for BP?

As a appraiser on thing to understand about price/sf is that it works great when comparing exact matches. Example: 3/2 1500 sf built in 1990 compared to other 3/2 1500 sf built in 1990. If you are comparing apples to apples then yes this a a great indicator of rice. So my question for you - are those close comps also 3 unit 2600 sf or close? Note: best comps for 3 units are 3 units. Many metrics are used on units. But what does your gut say? Is there something that you are missing? Also. If you know know about comps that sold use your RE agent to get you the info on the closed sales. This can give you a look into the difference. You might find things like differed maintenance or lack of updating as to why you see a price difference.

Joe Villeneuve and Kendall T. I think you both have got the idea. I was looking to see how interest effects you and your strategies. Since we have different strategies we have different effects- excellent!!! Now for your market - how will it effect your market? I live in the North Bay of CA and we have people moving from higher prices market to our market. Their buying power is not going to effect them as much when the rates go up. Those of us that live here will not have the same buying power. With the increase in rent that has been happening an increase in interest will not only put a downward pressure on prices but put a upward pressure on rents. For what ever reason people like to live here. I guess it helps that we don't have to shovel snow or endure blistering summers. What will happen to your market?

I am looking at my goals for 2015.  What I am looking to do is to take a look into my crystal ball and see what the future hold and how this will effect my strategies.

I am understand that the interstate rates are the best we have ever seen.  But nothing lasts forever. My crystal ball shows me the interest rate going up over the next year.  IF this is true HOW does this effect your market and your investing strategies?

This is not a question of will the rates go up.  This a question asking how interest rates can change things.

Some great advice that I have heard is to make it a win/win. Work with your partner and come up with what works for both of you. If you want to work with this person on future deals talk about what will make it work for both of you. The best tool to use for negotiations is talking about value added. What value does each party bring to the table. Up front communication will lead to a more successful deal and better relationships.

I have been learning from the podcasts and now it's time to get some help with the direction I am heading.

I am the "Motorcycle Appraiser".  I am a licensed appraiser and am moving to be a RE Agent.  I have taken the classes and am getting ready to take the exam.

I have house hacked and currently am renting my first house.

I would like to start finding properties for cash flow.

Questions: What are some good markets to find rentals $20k-$50k?  Definitely not Here in Sonoma County.