All Forum Posts by: Vicky Luu

Hello everyone,

I am new to real estate. I got hooked as I have seen the amazing things real estate investment has helped people and I want to be apart of it.

I currently have an situation that I feel is a great opportunity and was hoping to pick some of your brains who has more experience.

My step Son and his 2 friends are currently renting. Since I am a relator and have access to mls. I am thinking of purchasing a property and turning the property into an rental property and renting it out to them. I would find one based that would fit their “needs” to and extent.

I could find a property in Phx for 150k and put 20% down and my monthly payment would be approximately $600. If they are already paying$ 600 a piece for their current rental, I figured $500-550 would be fair on my end. It could potentially be a cash flow of 900 + a month give or take ( I am not sure what other fees to account for). My only exit strategy is if they decide to leave then to sell the property.

I want to know what everyone thought is? Is it as black and white and I am thinking? Too risky? Again this would be my very first rental property.

Any direction would be greatly appreciated .

@Greg Dickerson

I am a new realtor myself. I actually got my

License as I thought I could potentially buy and sell myself. Do you still advise reaching out to other relators? Also how willing would you say other investors are willing to share information/ help if you and that investor are competing in the same area market?

@John Webster I am new to bigger pocket. How do I dm you. ? Lol

@Greg Dickerson Hi thank you!

How do I learn about the real values within properties? Or what to do with them once I find it? Especially for me starting out and haven’t seen much properties to know.

Hi everyone!!

I am new to the real estate investing. I am fascinated about the wealth that real estate can come with. I feel lucky as I have an investor who would like to invest in me so I feel like my financing issue will be covered however I feel clueless where to start. Where do people who first started flipping homes look for their lead? And when you do find a home what are you looking for? There’s so much out there than it can be overwhelming on where to begin. I also get discouraged as I feel like there is no room for me to compete in Arizona. Please any advice on how to get started would be appreciated or any tips would be great. Thank you!

@Russell Brazil thank you!

Hi,

I am a new licensed real estate agent looking to flip homes. I got my license because I figured I could use it to list my own homes after I flip them. However I have heard mix things about me listing my own flip. Some advise not to as it adds an extra layer of protection to me. Would love to hear some thoughts please?