All Forum Posts by: Scott Rogers

If you have a cash buyer that says they will buy at a price that makes you a good profit at current ARV then it might be a good deal. If you are buying it assuming it will appreciate by 11% in the next year and that 11% is baked into your profit projection then that might not be a good deal. That's pretty much gambling and I like the odds elsewhere.

@Shayne Stuart Dawe  Great job !

@Mahdi El With that little amount of information I don't think it's reasonable to get an opinion from someone on the BP Forum.  What are you plans for the house?  Is it a turnkey rental, wholesale, flip?  Are the comps accurate?   How can you guarantee the value will rise 11% next year?   So many questions.  

I would take 25% and diversify into different areas to see what is a good fit.  Turnkey rentals, Turnkey operators, Hard Money Lender, Partnering on local deals, etc.  Then increase your investment into the areas that you enjoy and provide the best return.  The argument would be that if you diversify then you will never get good at one thing and crush it.  My argument would be if you invest 100% in something and it doesn't work out or you don't enjoy it then you are stuck.

Scott Rogers 

@Ryan Janssen Hello from the Fox Valley.  Great work and keep it up.

Scott Rogers 

Go Pack Go !!

@Christopher Prince-Barry  I wish my name was prince, that's awesome.

Welcome to BP and good luck to you.  May I ask how you found your partner and what type of agreement is in place for that partnership?  It's something I am looking into as well.

Scott Rogers

Great Job @Mason Crossland

Can you give us your numbers? cost, rehab, arv, rent (then and now), COC%, etc

We at BP do enjoy the numbers :)

Hey @Emily Hill,

I was born and raised in Fresno myself. Glad to hear from people who are "getting it done" with Real Estate. 

I am in the midwest now and looking to close on my first rental this week (hopefully).  Daily goals are very important and it best to write them down every morning before starting out the day. 

Today's goals were:  read at least 30 minutes about real estate, listen to at least 20 minutes of BP podcasts (I have a 12 minute commute), analyze at least two deals (i usually have at least that many from my realtor feed e-mails), spend at least 30 minutes on social media increasing my social network (posting on BP, looking for meetups, connecting on FB, etc).

Best Wishes

Scott Rogers (Neenah, WI)

@Cassi Justiz  That makes sense.  Thank you

@Soh Tanaka, @Theresa Harris.  Thank you