All Forum Posts by: Ryan King

Hello, I am looking at buying my first property and I was wondering if someone could run the numbers on this multi family for me? I have tried to do it with a spreadsheet I downloaded from here but the operating expenses were way off. Thanks for the help!

Any advice would be greatly appreciated.

http://www.zillow.com/homedetails/516-S-17th-St-520-Philomath-OR-97370/2146233209_zpid/

Dan, thank for your the clean breakdown. I really appreciate it. Your numbers were close to mine. The reason I am looking for properties outside my area is because I live in the most expensive city in the state and the inventory here is extremely low.

I am a big fan of Grant Cardone and I agree with him when he says your just have to do it! I want to retire early with investment rentals but I won't ever be able too if I don't start. If someone can so me a better deal for that price or less, please enlighten me

Thanks for looking at it Nazz. Even with those numbers, the property would cash flow fairly well. 

Any other things to take into account?

Hello, I was wondering if someone could analyze this deal for me. It would be my first deal and I am an out of state buyer. I have run the numbers twice and they look good to me. Can you shed just let me know if you think it is a good deal too? Give me your numbers. Thanks.

http://lawsonwealth.com/2258-n-hawthorne/

I would be interested. Thanks.

Email Sent. Thanks.

Ryan

@Brie Schmidt Thank you for your response. I was under the impression that an investor group would be the safest route for a beginner and easy cash flow. I never thought of the risks even with an investor group.

@Dawn Anastasi I absolutely agree with you. I think there is risk in both but if I can find individuals with an incentive to produce, both my gains will be bigger as well as having more control with what goes into the rehab. One podcast had a great tip which was rehab the things that will double your rehab costs. 

This thread has answered a lot of good questions I had. I think if I can find experienced individuals and give them an incentive to produce than I can have a little bit more control and most likely will learn more.

Now my next question is, what online resources do both investor groups and individuals use to determine emerging markets? It is imperative that I do thorough due diligence in state/location where I want to start investing. Then I can start networking for individuals to help. 

Thanks to everyone.

Thank you! That is great advice. What about the difference in cash flow between a turnkey investor group and a local individuals?

I am looking for cheaper rental properties to gain consistent cash flow. I don't know what markets to look at. I just can't afford any locally and would be interested in finding a partner to locate, inspect, negotiate, and maybe manage but I don't know if it is better to just go through a turn-key investment group because they have everything already.

I am new to BiggerPockets and Real Estate Investing but I am very excited because I think I have found what I want to do for the next 15 years!

I live in an expensive area and can't afford to buy locally. After listening to podcast number 73 with Mehran Kamari and how he partnered with a local to build his business with. I want to start buying rental properties out of state. 

I have already been approached through the BP about an investor group looking in emerging markets across the country. But I think the returns would be more if I find a local partner to inspect properties for me. 

I am interested in hearing the pro's and con's for someone starting out? Or what you think the best path would be for a newb. Thanks.