Quote from @Nicholas L.:
@Zach Howard
you can usually post enough information in a thread without the address and people will usually happily help you analyze deals. i hereby volunteer.
just to pile on to what @Jonathan Greene said though. while i do think it's valuable to analyze properties, it's really difficult to underwrite based on photos. and in response to your question about someone else - also difficult. PMs are busy - if you email a PM and say "Hey PM, I'm looking at 123 Main St. and I think it will rent for $1500 a month, does that sounds right?" you'll probably get a good response, because it's a narrow, specific question. but if you say "can you walk 10 properties for me"... the answer is going to be no. and maybe you could find a realtor to do it, but that's going to be really hard too. most realtors deal with primary / retail buyers and sellers and they too aren't going to just walk properties for you. so if you don't have family or your own contacts in a market... it's just really tough.
and (i may have said this in response to one of your other posts) but i'll just restate it here. the market is really unforgiving right now. prices are high, interest rates are high, there is tremendous demand for inventory, and - one thing that doesn't get mentioned enough - a record number of properties are debt free. this means that these owners are under much less pressure to sell, and so they don't really care that their price won't let the property be a good rental. they'd rather keep it / do nothing with it than sell for less than what they feel entitled to.
OK, i'll stop there. i say all this not to be discouraging but just not to sugarcoat things. I hope this helps.
First of all I LOVE your post! Haha, I don't precisely know how to explain it, but I value it when people disagree with me and point out things that I may not have considered or may not know. It's like when you're running a business - you sometimes learn way more from dissatisfied customers and their complaints, so, please, don't stop there, if you have more to add, add it! You really have no idea how helpful all these little tidbits of knowledge are. I had no idea that a record number of properties were debt free etc., and based on previous life experience, I am confident somehow, somewhere, someday, I'll be able to use this information to my advantage. I just don't know how at the moment, but when that day comes, I'll suddenly remember Nicholas L. On a side note, your name is super easy to remember, as it's the same as one of my cousins. Of course, your "L" and his "L" probably stand for different names, but they are easy to remember nonetheless.
Ok, I actually haven't found any deals yet as I'm still reading a few books and trying to wrap my head around real estate investing. It might be a month before I post anything here for help to analyze. However, the question of posting links popped up in my head, and rather than adding it to my notes, I decided just to ask right away.
I don't deny that it's tough if you don't have family or contacts of your own, but with enough time and patience, I think it should be possible to develop contacts.
The market might be unforgiving - again, that's fine. I do not have to do anything right now, I just need to learn, wait for the right opportunities, or create them - for example by trying to use subject to and take over someone else's payments who locked in a lower interest rate from a few years ago.
Anyway, I want everyone to know - I appreciate all comments. I don't mind at all when someone says, "This isn't doable" Hopefully, they at least add why it isn't doable so that I can brainstorm solutions to the problem/s they pointed out that I may not have previously thought of. Seriously, looking back, my life is full of numerous examples of things that were labeled as impossible, or impractical, but I somehow managed to pull them off. I hope my entry into real estate will continue this trend. Haha, but you know what they say - past performance is no guarantee of future results.
