All Forum Posts by: Usha Angou

Hello Renee

Happy Labor Day Weekend. I wanted to say HI as I used to live in St. Paul,MN 1993-2001. Great Nostalgic feeling whenever I get to come across Minnesotans.

Presently living in Singapore. I am interested in Real Estate Investments in US. Hence I am in BP. Great to know your flipping Interests. Need an Extra hand on such Investments, do email me.

Happy Investing & Flipping. As far as I have see the past two months, our areas are high priced than the ones I see in Georgia, Ohio, Michigan states.

Ellis,

You hit the exact point. Having 200-250K in itself has become more of a curse than boon. We all are now seeking something. Not knowing how to go about it.

Your advice seems to make sense, just think we are left with no money and try to work our way up and see how the Real Estate Investments would become the reality.

Let us keep exploring options until we strike the chord.

Hi Ru,

You Could consider a good Commercial Retail Property where you can use your savings as the downpayment and take bank loan for the rest. This will ensure you get a good ROI and a good cash flow month on month. A good Commerical Property is the way to go.. I am also searching for one since two months... !

Interesting to hear on how you do Wholesaling from a distant place. I would like to try and do one.As an Investor,I am yet to try one property like you have described.

Interesting for First Investment. Hope the rest also goes lucrative for you in the years to come.

When the Lease Contract is signed by both parties, it gets bound. But how could you sign when they have not done what they are supposed to? what if they say they had already paid the 1 month rent as well by CASH?

So lesson Learnt, it is always better to stick to the Contract word on word.

If you target to reach own Community, City or State. I still think this is easier and quicker and best of all Free to do it. Place an Advt at xx.craigslist.org. xx being your state or metro cities. It works and Edward Powell is correct in his approach that one needs to palce the advt more frequently.

I have already plunged myself in the above link. The more you give to the Community, the more you get. I find this is really true with ideologies of BiggerPockets. Great Going and best wishes Joshua.

@Joshua Dorkin

Fantastic Idea, it is an investor driven reforms that you are heading by this guide. Look at the Agents, if they can go an extra mile in working with Investor's Money and helping the whole industry revolutionize itself... It is a great Idea.

I would call this a gross-root level changes that we would be heading into...Phenomenal approach to bringing Value addition...if only we can get these Real Estate Agents to believe in themselves and their investment partners.

I will sure go through your writing and will put out a word to my network in Singapore.

Do all what you can with the figures they give and find out the one main thing, what sort of Cash flow you are getting.The most important parameters are Cash flow scenario & Occupancy rate. I always do a conservative NOI calculation ... you can say thumb rule - gross rental income - gross expenses (Taxes, repairs, HOA fees,staff, emergency maintenance etc etc.) 50-60% write it off as expenses of all sorts. The remaining is NOI. See if NOI/Capital (Value of the Property) is >10%. This is what is called Caprate.

Anything less it is not worth to look at such property. Hope this helps.