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All Forum Posts by: Tomoko Hale

Tomoko Hale has started 7 posts and replied 55 times.

Post: Please advise the steps to move forward with my first investment.

Tomoko Hale
Posted
  • Posts 55
  • Votes 18
Quote from @Leo R.:

Hi @Tomoko Hale  I'm an investor in Salt Lake City.  Message me, and I can send you the contact info of my investor-friendly agent (who I've worked with for years).


 Hi Leo Ray,

Thank you very much for your reply. I'm looking forward to it!!!

I really appreciate your support!

Post: Please advise the steps to move forward with my first investment.

Tomoko Hale
Posted
  • Posts 55
  • Votes 18
Quote from @Nate Sanow:
Quote from @Tomoko Hale:
Quote from @Nate Sanow:

First of all, let me just say good job on going for it!!!  You are TRYING and that is good.  I remember in the older podcasts and forum posts, Brandon Turner talked a lot about how you should be analyzing 100 deals a week / month, whatever it is depending on your personal goals.  That means, doing an analysis of 3 properties per day, and after a month, you can compare 100 of them.  That is something you can do on a desktop computer and take lots of notes on.  

Secondly, I will say, yes, I do believe a quality, investor friendly realtor would be good for you.  I suggest interviewing at least 3, to make sure you find someone who has the right balance of friendly, but experienced in the area you want to invest.  

I would also find a similar version of a lender, actually…your realtor should have 1-2 great recommendations.  Conversations with lenders who care are very valuable.  

One last thing…take a deep breath :) you’ve got time.  I am proud of you for learning, growing, and taking you first few steps.  It will work out!  


 Thank you for the kind words! 

I have started searching an investor friendly realtor and see only 2 around the area I'm looking. Should I search more realtors next closest city?


 That’s probably your call, if you like 1 of the 2… it’s okay to stop searching :)

OK. Thank you

Post: Please advise the steps to move forward with my first investment.

Tomoko Hale
Posted
  • Posts 55
  • Votes 18
Quote from @Jack Mawer:

Congrats on obtaining your real estate license and gaining investing knowledge along the way! I think that the concept of investing can be intimidating for sure especially in a market like todays. However, this could also be a huge opportunity to get your feet wet and start learning through trial and error. I think that focusing on the mid-term rental game is a very good start - traveling nurses and things of the sort are becoming increasingly popular these days. In addition, you can obtain more cash flow with higher rents this way rather than having a tenant who lives there year after year. I would keep educating yourself and pull the trigger when you feel comfortable enough with your knowledge and reserves. Best of luck and happy to connect!!


 Thank you! There were so many things out there and I didn't have a solid channel to educate myself. I'm glad I found this resource and am excited!

Post: Please advise the steps to move forward with my first investment.

Tomoko Hale
Posted
  • Posts 55
  • Votes 18
Quote from @Nate Sanow:

First of all, let me just say good job on going for it!!!  You are TRYING and that is good.  I remember in the older podcasts and forum posts, Brandon Turner talked a lot about how you should be analyzing 100 deals a week / month, whatever it is depending on your personal goals.  That means, doing an analysis of 3 properties per day, and after a month, you can compare 100 of them.  That is something you can do on a desktop computer and take lots of notes on.  

Secondly, I will say, yes, I do believe a quality, investor friendly realtor would be good for you.  I suggest interviewing at least 3, to make sure you find someone who has the right balance of friendly, but experienced in the area you want to invest.  

I would also find a similar version of a lender, actually…your realtor should have 1-2 great recommendations.  Conversations with lenders who care are very valuable.  

One last thing…take a deep breath :) you’ve got time.  I am proud of you for learning, growing, and taking you first few steps.  It will work out!  


 Thank you for the kind words! 

I have started searching an investor friendly realtor and see only 2 around the area I'm looking. Should I search more realtors next closest city?

Post: Please advise the steps to move forward with my first investment.

Tomoko Hale
Posted
  • Posts 55
  • Votes 18

I'm new to here and nice to meet you all! 

There are so many things I could learn and am actually overwhelmed from a lot of information comes to my inbox everyday.

I obtained a real estate agent license wanting to start investing last year and currently being inactive because I was so scared not knowing what to do. I don't have a partner(other than my husband not interested in the real estate but is supportive of what I'm going to do)

I finally figured out that I'd like to invest on mid term rental to start from, and eventually multi family. 

I have some ideas of finance to purchase an investment property after learning from this community but not certain yet.

I have no knowledge of investing real estate world and English is not my first language that I'd like to avoid miscommunication and misunderstandings.

Without knowing the details info such as regulations in the area or procedures of buying a property( even though I passed to get the license), should I start connecting an investor friendly agent and start learning from the agent? I thought I'd activate my license first but I thought I'd ask a professional agent first so I could learn and will be ready.

I bought  the book of "30 days stay" and will read this week.

 I thought I can keep learning but want to step forward to get out of my comfortable zone sooner than later.

Please give me advise should Just jump in finding an investor friendly agent in that area?


Thanks!