All Forum Posts by: William McGowen

Hey Brandon, thanks for the info.

I was already going through the Beginners Guide, as well as training from the Texas club online. (And contacting them about investor friendly lenders.)

For the valuation, I am looking at anywhere between 6 & 20 units. (Just decided to check out a 20 unit.) The valuation should be based on the cap rate. I have noticed you have discussed 3 & 4 plexes, which are valued differently.

Usually when I see a property, They don't put the income on the MLS, but when I find out the income, I also receive a list of expenses, NOI, and sometimes total annual owner expenses.

Naturally they could be lying about the expenses, which I will find out about when they supply the tax return documents on the property.

I do realize that the property expenses could be held down because they are not taking care of it. My intent is to also put money into the property, which results in a reduction in service calls, a reduction in utilities, and the property should be more appealing to higher quality tenants.

Joined here recently, and joining a more local club Monday.

I have been interested in real estate for a long time, but fear, and other distractions keep getting in my way.

I have decided to quit BS-ing around, and get serious. I flew to Texas, attended a Real Estate Expo in San Antonio, joined the investment group down there, (interested in this group for a few years now,) started looking into apartment buildings, started selling off stocks to pay for it.

One apartment I looked at that I liked was already under contract, so I am putting in a back up offer in case the first offer falls through.

I am struggling with my "do it yourself" attitude, and the fear that I need to do everything perfect.

I have trouble asking for help, and have that worry that my offer is too high, or even too low. That old analysis paralysis people keep talking about, I'm a classic case.

I have already ran into people that are negative about real estate, or the way I have said it is being done. This keeps some people from moving forward, but this really doesn't affect me.

Excessive analysis may have slowed me down, but it has also made me darn sure I know what I'm doing, and that it works.

Welcome to the group, I am new here myself.

I was just in Texas for the Real Estate Expo in San Antonio, and to visit family. I know they had one in Houston, and (I think) Dallas earlier this year.

I keep podcasting the Lifestyles Unlimited Real Estate Show from down there, and that has been quite helpful to me. They have quoted some articles from Bigger Pockets.