I agree with Russell Brazil if you want to become an investor friendly agent, you should set some basic principles.You don't want to end up just writing very low ball offers 24/7 and get nothing done which you will see there are a lot of people just trying to hit jackpot.Knowing the marketUnderstanding your buyerUnderstanding the numbers/ analysis are the key.Good Luck!!!

Paralysis by analysis - spending too much time overanalyzing and missing out on the deals

In fact, I did think that it could be the "capital" part of the payment that is making the difference, but wasn't completely sure (regarding CapEx, my analysis already took that into account while coming up with the cap rate estimate).This is a very fundamental concept to understand clearly if one is investing, yet I wasn't getting it quite right, so it had been bugging me for a while.

I personally would make the financial contingency period be based on when you receive final approval or denied - not when the appraisal must be ordered. 

BUT I came across one solid Duplex finally last month, made an offer and am closing on my FIRST deal at the end of the month.I feel that, if I can do it, anybody can.

Please let me know if you guys can find any fatal errors or deficiencies in my analysis.

Here are my most recent 3 commercial loans, all closed Feb 2018.1. 3/1 hybrid arm 4.19%, 3 years Io, 30 year final, 3-2-1 pre pay, no origination, 62 ltv , non recourse2. 5/1 hybrid arm 4.00% no IO, 30 year final. 4-3-2-1 pre pay, no origination, 70 ltv, recourse3.

My background is in Finance so I am good with numbers, but don't have a lot of experience evaluating how much repair work a house needs to get it to rental material.Here is the property I am looking at:https://www.redfin.com/WA/Tacoma/506-S-38th-St-984...Here are my questions:- If you were a flipper, how would you structure your analysis of the repairs needed?

As the owner of 87.5% of the units in that building, you should have a big say in how things are run in that building.Without knowing my numbers, my intuition is that it would probably make sense to acquire the last unit if posisble.However to know for sure, I would  run a comparison analysis between keeping the units separately or pricing the building as a one multifamily.I would use the statements from the HOA to know precisely what my expenses would be.

I look forward to connecting with anyone here and look forward to the day when I can finally start providing my experience to help the community here grow.Kind Regards,Justin