All Forum Posts by: Amber Koontz

I'm currently considering a property at 16.70% CoC / Cashflow $38.27. All of my criteria is met and there is opportunity to raise the rent a bit.

@Joe Villeneuve I appreciate your perspective and will also keep this in mind as I analyze listings. I am always open to expanding my thoughts toward rental criteria. 

@Joe Villeneuve Thank you, I get the point you are making now. I review that data to consider the tenants. Good tenants will be hard to find and keep in areas with high crime, flooding, and in neighborhoods that are dilapidated. The tenants who are fine in these areas will lead to evictions and rehabs.

@Mike Jacovelli I’ve given this a try and my conclusion is to discuss my goals with like minded individuals. I can only get a little detail in before the interest is gone and that’s understandable, this is my passion not theirs.

@Aaron K. Indeed. I must say, I have recently viewed a listing via google maps and was very impressed. To my suprise, when I drove the area it was like night and day. I'd say this was the first time that has happened, so google street view will remain a useful tool.

@Jaron Walling I actually receive listings for the entire city. I begin running a few quick screening checks just to narrow the list down. I haven't narrowed my search area, because I'd like to consider options a little further out. Perhaps I should tweak the parameters a bit. My net is a bit large right now, I will work on choosing a neighborhood or two to focus on. Great input!

@Christian Rojmar 

Thank you, I agree. I have been out of the game for a while, so I guess there is a little fear in jumping back in. To your point of analyzing area specific, I am analyzing listings all over the place so it’s taking me a little longer to zone in on that sweet spot. These are all great tips and they are much appreciated.

@Tim Herman 

I’ve read about the 1% rule recently and I do see the benefit in that valuation. I need to start using this on my initial review. I’ve gone to a few meetups and connected with wholesalers to receive off market properties. As of late, I haven’t walked any properties. I haven’t purchased anything since the end of 2017. I took a long break and am ready to be active again. Thank you for bringing the 1% rule up.

@Aaron K. thank you, I like the idea of restructuring my list. I usually start with a quick 75% calculation and then google maps. I find that listings are crossed off for flood zones, high crime, and high taxes. I’m reviewing large amounts of data so, I just wanted to make sure that I’m not over doing this. I’ll hear about these quick analysis and it makes me think I’m really digging just to find a reason not to buy. The numbers can work on properties that I’m just not interested in. I will rearrange my steps to save me time going forward.

I think that I'm over-analyzing potential purchases.

I use the following: Crimereports, HCAD, FEMA's Flood Education Mapping Tool, Google Maps, (Zillow, Trulia, or Redfin), Rentometer, BRRRR calc. How long does it take you all to analyze a property and when is it overkill? I feel like it takes me too long to check yes or no on listings even after narrowing it down to my purchase price.

@Blake Mitchell I watch Graham for reviewing Index Funds and Roth IRAs: Brokerage account insight. Meet Kevin has some pretty good savings account ideas. They both provide pretty good content. Like you, I’ve only consumed the free material which is very useful.