All Forum Posts by: Chris Chesser

Tim Gilman have you spoke with an agent yet? Typically, you can tell them the type of property you are looking for and they will send you new properties as they come in.

@Scott Trench absolutely. I will be sure to leave reviews for both your book and Brandon's. Hope you don't mind my mentioning the free download. Keep up the great work!

Just to be clear, I am in no way affiliated with either of these sites. Just want people to be able to get this information without spending money.

just wanted to put out there that anyone with an amazon.com account can become a NEW subscriber to audible.com (free 30-day trial) and receive TWO free audiobooks of any kind. The two I selected were "Set For Life" by Scott Trench and "The Book on Rental Property Investing" by Brandon Turner. Both are absolutely fantastic and I would highly recommend them to anyone, but particularly new and aspiring investors. Hope you enjoy them as much as I did.

@Brent Coombs yes, sorry I was in fact referring to an FHA loan. As far as the C-D neighborhoods, that is exactly why I'm asking the question. I have about a year before I hope to purchase, but in the mean time I want to analyze lots of properties, even if just for practice, so that when the time comes the analysis will be a bit easier. This way I can find a property in a decent area that can, when fully rented, cash flow even with an FHA.

Steve Bracero thanks for the response. So not cash flowing the first year is ok, but the goal still would be to "break even" monthly rather than a full year of paying out of pocket correct? Also, is it common to refinance out of an FHA into a conventional loan after two years to get rid of PMI and minimize PITI?

@Larry Turowski thanks for sharing. I've found that simply wanting money or success isn't enough to keep people driven in the long run. Knowing WHY you want to do something is the greatest thing a person can do for themselves.

When analyzing a multi family property for potential house hack, should I expect cash flow in the first year or would it be acceptable to not cash flow until I move out? Does this also mean the 2% test and 50% rule won't work as a quick point of reference on these types of loans? 

Along your journey as a real estate investor, what was the point in which you genuinely wanted to give up? What kept you going? How did you recover?

Has anyone created a list of ALL of the necessary numbers to consider when purchasing a rental property? I can find partial lists but not an all encompassing one. Looking for a list, not necessarily numbers, for all of the things to consider when purchasing a property in order to run numbers for income and expenses i.e. closing costs, taxes, maintenance, etc.