All Forum Posts by: Shannon Richardson

Thanks for this post, you've included a lot of helpful information! I'm currently trying to figure some this tax stuff out as well. 

@Nate Haskins

I like this question because I'm preparing to buy my first property and have been thinking about this a lot.

I like to think in terms of cash on cash ROI, since it is a way to compare to other investment options such as stocks. Right now I'm looking for an ROI > 10% which is slightly better than the annual average of the stock market. I also look at cash flow (which is directly related) but I'm still trying to find a good target point, maybe $200/ month to provide a good buffer.

@Calvin Ozanick thank you, I'm sort of starting to realize this! I see that you're a PM, and since we're on the topic I would like to ask, how would I find a good manager? Would it be similar, and do you have some good questions to ask?

@Ivan Guillen thank you this is very helpful!

Thank you @Calvin Ozanick and @Ivan Guillen!

What would be some ways of ensuring a broker or realtor is investor friendly? I've contacted a couple who were recommended to me and the first thing they've asked me are my criteria, which seems like a good thing.

Also going through FSBO, what's the best way of initiating the process? Would you still recommend an agent or broker to get the process going?

Thank you all for the advice! I'll see if I can track down some help with this to get the ball rolling!

I'm having a difficult time finding good deals to begin investing in. I'm looking for a buy and hold, multifamily property but have not had much luck making the numbers work so far.

My question is, is it a better strategy to hire an agent to find a great deal, use online resources such as zillow or trulia, or perhaps seek out off market properties via driving for dollars/etc.?

Thank you @Anthoney Hanks!

Hello all,

My name is Shannon and I'm somewhat new to the world of real estate investing, and new to the Bigger Pockets website. I have been studying the field for several months and know that this is a route that I want to pursue further, particularly single family rentals. Since starting on this path I've read a handful of books, listened to BP podcasts, and have joined a local REIA. I am reaching out on here hoping to meet more of the great people in the REI community and find some assistance/advice in the Omaha, NE area. Namely I'm looking for referrals for companies that I could begin looking at to get a team started or any tips you might have regarding this, resources to find a good lead and hopefully my first deal, and simply general advice for a new investor getting into the game!