Comments on: Income Real Estate Investors: Learn How to Analyze a Property before you Get Burned!

By: Bob Martin

Bob Martin — Thu, 19 Jun 2008 11:37:57 +0000

Current real estate markets nationwide have created countless opportunities for buyers looking to purchase real estate priced well under market value. Many buyers have turned to short sales, foreclosures and bank owned (REO) properties hoping to be able to purchase real estate for pennies on the dollar. The buzz in distressed real estate has been perpetuated by urban legends; someone’s brother’s, friend’s, uncle’s, co-worker’s dog who bought a home at 10 cents on the dollar. This buzz is further fueled by late night infomercials filled with testimonials of people who “bought a $500,000 home for $12″ and then try to sell you the secret program that teaches you to do the same.

By: Dimma

Dimma — Wed, 09 Jan 2008 09:34:50 +0000

This is really a great post. This will definitely help out in analyzing the property and save you before any mishappenings.

By: So You Want to be a Real Estate Investor? - Part 2

So You Want to be a Real Estate Investor? - Part 2 — Mon, 03 Dec 2007 17:09:26 +0000

[...] carefully about your goals. Investing to help with your childrens’ education in 10–15 years is very different from [...]

By: Aaron

Aaron — Thu, 09 Aug 2007 20:25:28 +0000

The response of the agent was not surprising. For many less-savvy investors, this would have seemed like an incredibly attractive deal. Their response shouldn’t come as a surprise, though- I just dealt with several brokers in NYC, and very little of what they say can be believed. Keep up the great work on your blog!

By: Indianapolis Realtor

Indianapolis Realtor — Wed, 01 Aug 2007 21:51:46 +0000

I think this is a great post and points out that especially in investment property it is “buyer beware”. I think this also speaks to the importance of getting a real estate agent to work for you on the buying side of the transaction. The selling agent does seem to be stretching it quite a bit, but they don’t work for the buyer. Get a good agent who can weed through the junk like this one and your life will be much easier.

By: Analyzing “The Best Deal in Town”

Analyzing “The Best Deal in Town” — Mon, 30 Jul 2007 13:56:20 +0000

[...] Dorkin of BiggerPockets.com had a great analysis of a property advertised as "the best deal in town". You can learn [...]

By: Las Vegas High Rise Mortgage

Las Vegas High Rise Mortgage — Sun, 29 Jul 2007 01:22:54 +0000

I agree with most all of your points. The average investor these days does not know how to properly analyze an investment property. I built my own excel spreadsheet to do it for me. If anyone wants it e-mail me at: Jfox [at] highriseloan.com -Jason in Las Vegas