All Forum Posts by: Ty Randall

Hi @Nicole Nieves. Welcome to BP and congrats on getting your license. Does that mean you will be one of those "investor friendly" agents?

Hi @Stephanie Sellers. Welcome to BP. I'm no expert either, but since the 2% rule is simply the ratio between rental income and purchase price, I'd say that "purchase price" also includes repair costs in the calculation. Remember however, it's just a rough guideline, not a strict rule that absolutely must be achieved. Some people may be more concerned with appreciation and settle for a little less cash flow. If you need any help, I'm not far away in Littleton.

2 PART Newbie Question:

a) If real estate investing is more like running a business, what would you say is a good $ amount for START UP COSTS?

And…

b) What would I really need to get started (besides business cards)?

There is so much info on BP, if anyone has seen this listed somewhere and can post a link, feel free.

Hi @Stephanie Limpert. Welcome to BP and congrats on your first rental. That's very exciting.

HI @Rich N.. Thanks for the tips.

Hi @Corey Melkonian. Thanks for connecting and the kind words. 

Welcome to BP @William D. I'm a newbie here myself with lots to learn from Massachusetts. 

Good luck.

Hi Mildred. I'm new to BP also, so just wanted to say hi to another newbie.

Ty

Hi from Littleton, Massachusetts. Welcome to BP. Congrats on your luck-snag duplex. Sounds like you got a good first deal. 

Welcome Luke! I just joined BP myself and have lots to learn. I sure miss Tennessee. I used to live in Bristol and Nashville. I remember the house across the street from me in Bristol selling for $12K (back in the 80's). I may have to get back down there soon.

Thanks Igor. I may take you up on asking questions at some point.