All Forum Posts by: John Miller

Lakeshay,

I have been is some form of real estate investing for almost 40 years. From your comment that you are out of your comfort zone, my best advise don't go out of it. There are always more deals you can find. I have seen many times when someone goes outside of their area of experience it does not work well.

Andrew,

Welcome. You will find there are a lot of information and options you can find on BP. There will be someone who that has gone through the same problems that you could run into.

Good luck

Judd,

Welcome.

Sounds like you are doing well and learning some things the hard way.

In the future just put out any questions. There are a lot of smart people in BP that have had the same situation happen to them, so hopefully you will not have to learn the hard way any more.

Daniel,

Welcome,

There are many experience people in BP to help answer any questions you will have in starting your first and hopefully many investments.

Good luck

Steven,

It is simple. Sounds like you are paying $133k for a $143k property that you are going to rent.

What difference in rent does it make if it has $12,000 kitchen cabinets compared to $2,000 cabinets. Then how long does it take to recoup the difference. Something tells me when you run the numbers your wife is right.

I assume your first investment will be a house that you will rent. Find a very good realtor that can help you find a nice house in a good area and know how much the houses rent for in that area. When you find one that is priced low enough that the rent will pay for the all cost of the ownership (assuming that you get a loan of about 80% LTV) buy it. For your first house hire a good management company. Later you can learn how to find a tenant and manage your own property.

Good luck

It depends on a couple of things. I live in the Phoenix area, 99.9% of all houses are build on slabs. About 15 years ago most of the slabs are now called post tension slabs. A post-tension slab is ,using high-strength steel strands or cables, called tendons, are laid in a tight grid. These help support and give strength to the slab once it has cured.

A big factor has to do with what type of soil the slab is poured on. If it is exspansive soil there will be problems. Before you buy a house constructed on a slab know what kind of soil it is build on and what method was used.

Rick,

Welcome.

You will find that there are many experience people in BP that will be able to answer any questions you have. There will not be a situation that you may have that someone has not been in the same situation before.

Good luck in your quest.

Dipo

Just remember the best three words in real estate location, location and location.

There are deals in areas where you have a bigger number of buyers wanting the area. Find those deals.

Jamahl

Welcome.

You will find many experience people here to answer any questions you will have about real estate investing.

good luck