All Forum Posts by: Andrew Jones

The example you posted is definitely a not a deal I would invest in. If you only
feel comfortable investing in close by areas circle out a 2 hour driving distance and see if any properties in that area fall close to the 2% rule. Then due more due diligence in that area.

Sounds to me like your more than ready. Just find a deal and jump in.

I would definitely do a deal that was near break even if it paid for itself in 3 years as long the equity at the end will be much larger than any possible negatives through the 3 years.

I have a few properties and I don't have earthquake insurance on any of them. The premiums and deductibles are too high.

Nice article. I felt like I should read it since I am also 25. It kind of highlights the idea of keep moving forward even if your not sure what the next step is because oppurtunities may open up.

I agree with Tom. Seller financed deals are the way to go. I just got my
first one under my belt about 2 months ago and it was quick and easy. No tax returns, no bank statement examinations, no lengthy bank red tape to block you from a deal that makes sense.

Hello Brittany, I have heard good things about the market in Riverside. Good luck!

Option 2 seems the best to me, because they can look at the property from an investors stand point. Also you said you must sign a contract for a year and if you break it you have to pay extra fees?!? These extra fees don't sound normal to me. My contract with my PM is for a year, but I can give 30 day notice to cancel any time for any reason with no fees.

The Housing Authority (Section 8) in my experience will do an initial inspection and if there are repairs needed they will give you a list of needed fixes and schedule another inspection. See if they do follow up inspections like in my case and then it will be easy because you just have to do the repairs they list. I have had to replace windows, screens, and power outlet covers.

I bought a ticket. If I win next years BP Summit is on me.