All Forum Posts by: Annie Levan

Hi @Colleen Prescott, if you haven't already read it, I recommend checking out the book Long Distance Real Estate Investing by David Greene. I'm just getting started with my real estate journey but investing local is out of the question. This book has helped calm a lot of my nerves regarding out of state investing and I feel more confident that I can figure it out as I go. Hope this is helpful.

Sincerely,

Annie Levan

How inspiring! I really love what you guys did with the kitchen!

Hi @Account Closed Thank you for sharing your experience with me! My experience has been similar. I like the structure of the education packages and am learning a lot from the courses. I've been attending the education sessions where we brainstorm and have discussion around the courses and it's helpful to discuss the lessons with other people. So far I would say that I am benefitting from getting the essentials package! However, I do agree with you regarding the marketing aspect of the group. This is something I'm not interested in, especially since I'm still so new and don't have much to back up what I'm saying. I wouldn't want anyone else to buy the package from me unless I could show them how I've actually benefited financially. 

Thanks again for your input.

Sincerely,

Annie Levan 

@Sam Shueh Hi Sam, Thank you for the big barn storage tip and identifying material cost on my own tip. I like the idea of being able to control cost as much as I can. I’ll also try to run those number you suggested after I get a better idea on the rehab cost. Thank you again for your advise. Sincerely, Annie Levan

@Tamer Y. Hi Tamer! I would also consider the the value of your LLC. How much are you willing to lose if something goes south? So maybe you add properties in the same LLC until you reach your max equity value that you are comfortable with then start another LLC. Hope this is helful. Sincerely, Annie Levan

@Fredy Dominguez Hi Fredy, are you planning to live in the home while you fix it up? An fha Ioan would require you to live in the place for a year or two I believe before you can start renting it out. Another con is that government loans tend to take much longer to acquire the property. So time plays a big role in deciding which type of loan will work best for your situation. Best Regards, Annie Levan

@Kevin Dang ok, I see. Thank you for clarifying!

@Kevin Dang wow! I never thought to get a bid off of an inspection report! That could save a lot of time since I wouldn’t need to do the walk through. Thank you for the tip! Sincerely, Annie Levan

@Nick B. Thank you for the marketing tip! I wouldn’t have thought to post the listing so early. Also, I‘m glad to hear you think a flip for a property that size will only take a month! I think I’ll take 2 months off my timeline to be safe still. The comp question was regarding someone else’s comment. Sorry for the confusion! But I‘ll take your tip and try to get comps from a few agents. You‘re feedback is greatly appreciated. Sincerely, Annie Levan

@Christopher Giannino @Karl Krauskopf @Nick B.

Thank you all for your input. I understand now that I need to do the walk through then get a bid from a contractor before I can really analyze a deal. The property is located in Sacramento, CA and I got comps from Zillow.  This is why the holding costs are high. I also left a 6 month holding period as a buffer since any deal I do will be my first. 

Any other suggestions for getting comps?

Thanks again everyone! I'll do the walk through and provide more details the next time I reach out for advise.

Sincerely,

Annie Levan