Hey BP, I’m looking for any advice that an amateur investor like myself can use in order to locate and determine a less expensive market in my general area where I can purchase and rent out my first property. I...

Hey Everyone,I'm looking to get involved in possibly purchasing an auctioned property.

In my 15 years in real estate, I've been involved with lending and also borrowing for my deals...biggest take aways that would apply to your scenario:1.

Besides trying to find a realtor/agent to provide rental comps, is there a good method you use to research realistic rental rates for areas? 

Value-add from increasing NOI through various methods of increasing income (below market rents, rehab and increase rents, RUBS, etc) or decreasing expenses.

Active investing involves a lot of turnover in your assets, buying and selling many times a year.

I would recommend a different marketing piece every 4 weeks for 5-7 months from past data analysis, but you should test this out for your market and see what works best response rate wise.Also, when you become more advanced you will want to do split testing and other methods.

No hard money involved.

I’m sure most of you have seen the recent article about the BRRRR method.  

I have 4 properties using this method.