All Forum Posts by: Ugochukwu Opara

@James Syed @Jean Bolger @David Thomas @Giovanni Isaksen

Thank you all so much for the input.

It looks like due to major vote and coincidence, I should start with "What every real estate investor needs to know about cash flow"

I'll then branch of to some of the books that @Giovanni Isaksen has mentioned and take it from there.

Once again I thank you all for your input and wishing you all the best!

Greetings All,

I just wanted to know what are some of the best books you read that have made you a better "multi-family investor"? I'd really appreciate your insight. Thanks for sharing!

Welcome @Alexis Murrell . Never too late for anything. glad to have you. Let me know if you have any questions. I will do my best to help. Great to have another investor in the area. I'm in Univercity City

Hey @Raquel L. ,

I'm going to go with what @Eric W. said here. He hit it right on the nail. It looks like with some tweeking, you could get things right back into order. Seeing as you are a OFS owner, you best friend is going to be really good management so that has to get straighten out before hand. A 95k lose on top of 2 months of vacancies sounds crazy to me also.

This situation can be fixed.

@Sal G. I would buy it subject to the mortgage. Cash is king! Keep it with you always, And how are you running your numbers.

Cash on cash will always be greater the less you put down. I learned that you don't want to pay all cash and for one property when you can use that cash to leverage buying 2 or 3 more. Especially when rates are at 4%. Some of the older more seasoned investors remember when the rates use to be 10% 15% 23%. Yike!

@William T. @Doris Logan

A broker assistant or even an agents assistant will get you access to MLS.

I have an investor now thats using me to get access to MLS.

Cost wise its about $400-600 annually on top of $18-25 a month. Average total or $716 for the year

@Chuck Jeffrey Hey buddy,

I agree with @Derek Carroll %300. You really would be paying an outrageous premium to learn what couple book and BiggerPockets will teach you if you put in the time.

Save your money is what I say. I'm paid for such programs before and they are all lacking. Looking back I would have been better off just using the money I paid for programs that offer mentorship and instead used that as the down payment to get in on my first couple of deals.

Take a look at the link @Chris Feltus put up and see for yourself what will work best. Cheers and best of luck with everything. Reach out to me if you have any questions.

@Anthony G. Welcome to BP and Welcome to Philly!

Glad to have you. I'm currently an agent in the area and I am new to the investing for myself scene but feel free to ask me any questions. I'll do my best to answer or find someone for you who can. Cheers!

@Kamal Farhat BP has a pretty decent offering: http://www.biggerpockets.com/real-estate-investment-calculator

@Khadijah New No problem! Best of luck with things. With offers, its just a numbers game. Keep making low ball offers and play ball once the counter.

Keep me posted on your progress. Reach out if you need anything. Cheers