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All Forum Posts by: Steve Smith

Steve Smith has started 4 posts and replied 384 times.

Starting Out

Post: What is the best way to get over analysis paralysis?

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

@Brian Stone

I had the same problem the way I overcame it was. To start making offers. You can analize all day until you make offers your situation won't change

Make it happen

Steve

1 Vote
Multi-Family and Apartment Investing

Post: GRM & Market Value Questions

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

@Sonya B.

If you want pm me and I will send you my spread sheet 

Make it happen

Steve

0 Votes
New Member Introductions

Post: Newbie from Boise, Idaho

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

@Ajay A.

Hello and Welcome to BiggerPockets, the Best Real Estate site on the web.

You will find a lot of great information along with good and knowledgeable

people that are willing to answer any of your questions. Be sure to check out

the Education section above. And join the free Webinars offered by BP.

Make it Happen

Steve

0 Votes
New Member Introductions

Post: New fix & flip investor - Philadelphia, PA

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

@Lindsay Denny

Hello and Welcome to BiggerPockets, the Best Real Estate site on the web.

You will find a lot of great information along with good and knowledgeable

people that are willing to answer any of your questions. 

Make it Happen

Steve

0 Votes
New Member Introductions

Post: New investor from Portland

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

@Daniel Chang

Hello and Welcome to BiggerPockets, the Best Real Estate site on the web.

You will find a lot of great information along with good and knowledgeable

people that are willing to answer any of your questions. Be sure to check out

the Education section above. And join the free Webinars offered by BP.

Make it Happen

Steve

0 Votes
New Member Introductions

Post: New investore (newbie) in Austin, TX

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

@Anthony Brown

Welcome to BiggerPockets the best real estate site on the web 

Make it Happen

Steve

1 Vote
New Member Introductions

Post: New member from New York

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

@Vido Creales

Hello and Welcome to BiggerPockets, the Best Real Estate site on the web.

You will find a lot of great information along with good and knowledgeable

people that are willing to answer any of your questions. Be sure to check out

the Education section above. And join the free Webinars offered by BP.

Make it Happen

Steve

0 Votes
New Member Introductions

Post: Beginner in Illinois Gaining Knowledge

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

@James Urycki

Hello and Welcome to BiggerPockets, the Best Real Estate site on the web.

You will find a lot of great information along with good and knowledgeable

people that are willing to answer any of your questions. Be sure to check out

the Education section above. And join the free Webinars offered by BP.

Make it Happen

Steve

0 Votes
Multi-Family and Apartment Investing

Post: Is this a good deal?

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

@Carl Crain

Quick analysis using the 50% rule

Purchase price.                            265000

20% down payment.                  53000

Mortgaged amount.                   212000

Interest rate.                               5%

Mortgage payment.                   1138

# units.                                      4

Rent per unit.                            700

Cash Flow per month.           $261.94

Use the 50% rule to quickly check your deal ALWAYS do a full analysis

Make it Happen

Steve

0 Votes
Starting Out

Post: 5 minute Look at a property question

Steve SmithPosted
  • Beverly Hills, FL
  • Posts 388
  • Votes 62

@Brian Stark

The 50% rule is to be used as a guide for a quick analysis not as the final purchase analysis. It should be used for quick analysis to see if the deal is worth  the time to analize  

Hope this helps 

Steve

0 Votes