All Forum Posts by: Mike Smith

I've never watched them, but this series is available through Netflix. If you're not a Netflix member, you would probably save money by joining Netflix for a month and watching them rather than buying.

P.S. I know guy who has one of his books and liked it, but I've read some negative reviews of the video. I think there was a link on this site (can't remember if it was in a post or somewhere else) that led me to a page where a guy reviewed all the gurus' materials. If you end up watching the dvds, let me know what you think.

New investor here. Looking to initially get into landlording and have just begun to look at properties. It seems like I see quite a few advertised. In order to attempt to weed them out, are there certain questions you ask the current owner over the phone before you consider looking at the property. Obviously, questions re cash flow will be crucial, but are there other issues you cover over the phone that would eliminate a property from consideration before you see it? I hope the question is clear. Let me know if it isn't.

Thanks Gaterunner, I'd really appreciate it if you could email me the APOD you use.

Out of curiosity, where did you come up with the maintenance/rehab numbers? Are you using a percentage or are they actual numbers from the seller? Or something else?

SteveGent, I don't have an answer as I'm a newbie, but I'd like someone to comment on an issue that crossed my mind when I looked at your numbers.

It appears you will be earning 2166.12 annually on an investment of 50,000, if your assumptions are accurate. This would be a return of about 4.3% (2166.12/50000). Is this in the range of return that most rental property owners find acceptable?

I'm just begining to look at properties for my first investment. I've looked at several on paper and have found a few that look like they would generate decent cash flow. Assuming no significant issues (such as repairs, etc.) that would cause an investor to avoid the proerty, why hasn't someone else purchased the property if they would generate a good cash flow? I guess I'm wondering what your experience has been regarding finding properties with good cash flow that seem to be sitting on the market for no good reason. Is it because there aren't that many real estate investors (i.e. too little demand)? I'm concnerned the property is falling in the too good to be true category, but I don't have enough experiecne to determine what is "too good."I hope my question/issue is clear. Thanks for any replies.