All Forum Posts by: Thomas Shaw

Anyone? Bump.

Hey guys, I got emailed a property that was recommended as a flip. I ran it through the flip calculator and it showed 0 dollars of profit. I just wanted to show you guys and see if you thought my numbers made sense based on the information I was given.

BP Flip Calculator Results

I'm not sure the best way to give you the informational packet I was sent, but I'll give it a shot.

http://www.filehosting.org/file/details/609504/Foxglove%20brochurepacket.pdf

I didn't come up with those numbers myself(obviously) but the comps seemed reasonable to me. The biggest areas of uncertainty were the Rehab costs(I took their numbers) and the holding costs(which I used my personal bills and a mortgage calculator to estimate)

I'm not actually super interested in this deal since I'm looking to buy and hold(and my price range is lower) but I wanted to try and learn to analyze deals. So any help would be great appreciated.

Hey Anthony,

I live in Pearland and am hoping to soon get some properties in the SE area. I'd be interested in something like this.

Sounds good @Antonio Evans.

And not a problem @Account Closed. 

I'm pretty new to this as well. I've just done my best to learn a ton, and I'm hoping to get my feet wet. Trying to avoid the whole "analysis paralysis" thing, ya know?

That's a great idea. I think I'll work on that. 

Though I still can't see how anyone could possibly pass up such an amazing opportunity as this. :P

Thanks a lot.

I'd prefer Texas City(77590), but I'm open to almost anything in Galveston County. I'm just looking to see some deals and start analyzing, and if one looks good, offer. 

I'm interested in the Texas City market. I'd be interested to see what you have available.

Hello everyone,

My name is Tommy. I'm 31 and recently unemployed. I've been interested in real estate investing(particularly buy and hold for cash flow) for some time, but always been hesitant to jump in.

I've read numerous books, listened to almost 100 BP podcasts, been to some local REIA meetings, but I've yet to pull the trigger on anything. I say all that to let you know that I've got a basic grasp on most of the concepts involved, but I'm really looking to learn under an experienced and successful mentor.

As for what I have to offer you in exchange, I will be your personal assistant. Any grunt work you don't like to do, teach me how you want it done, and I'll get it done for you. Need me to scour the MLS for houses meeting a certain set of criteria, I can do that. Need me to mail some flyers, I can lick stamps with the best of them, Need me to make coffee, I can do that too. Just teach me what you do.

I live in the Houston area(Pearland to be specific) but I'm from Texas City and I'm quite familiar with most of Galveston County.

If you're interested in this deal of a lifetime, let's meet up and discuss terms.

Hey guys,

I'm pretty new here, but I was curious how people search for properties?

Do you guys purchase an MLS subscription?

Do you find a Realtor in your area and use them? What would the fees for that be?

I'm just unsure how to start looking at areas and pricing homes.