All Forum Posts by: Daria Sukhenko

@Grant Rothenburger yup - I passed that. Turned out to be not so great of a deal.

@James Canoy thank you for great advice!

@Dennis M. So I had some miscommunication with my realtor, she attached wrong listing to the email she sent to me, and scheduled showing with wrong place as well (bad realtor alert?). So that wasn't fun, showing up in somebody's place while people were packing and had no idea someone was coming to see the place. The price for the place is $159K, which would make my mortgage around $1200 a month. Previously realtor told me that current tenants are paying $1500 for rent, and I thought that sounds like a good deal, but she was talking about other listing. For this particular place, rent would be $1300 tops, which is way less than I anticipated for that townhome in a first place. But this townhome in a really nice and fast growing area, with great school district. Last time it was sold in 2007 for $119K, and Zillow predicts it to be around $170K next year (how accurate Zillow's predictions are?). She also told me that it's a new construction and will not require any fixes (turnkey?), but that was information for the wrong place. This place was build it 2005 and will require some investment upfront, because it's really outdated looking in the inside. So, it wasn't really a great deal after all, I let my excitement to call it "great deal" and realtors mistake played a big role in that as well.

@Chris Cabanilla thank you!

@Kyle Shankin thank you! I haven't used BP calculator, but sure will do.

@Mike Freske I was actually thinking about finding a partner, but since I'm so new at this, I'm afraid experienced investors won't find me valuable to work with. It is very important for me to bring some knowledge or skills to the table, otherwise I don't want to waste people's time. But it all comes with time and everyone started somewhere, right?

@Kyle Shankin, thanks for your advice!

I feel that I'm not ready, simply because it's so new to me. I've been thinking about investing for sometime now, but actually researching and learning about real estate investments for maybe a month now. I feel like a have a solid foundation of knowledge, but I know for sure that I'm not 100% know it all yet. That what gives me the most anxiety at this time. I so want to just jump in, but I'm afraid that one wrong decision will completely destroy my desire to invest.

@Brandon Penn congratulations!! It is really inspiring for people like me, who's just starting out on Real Estate investing journey. Thanks for sharing your success with the world!

Hello everyone!

I've been really interested in REI for sometime now: reading BP forums, listening to podcasts, but haven't closed a deal yet, simply because I'm in my educational phase of REI now. However, I've been working with local real estate agent, who's been sending a few listings to me every other week or so. This morning she sent me a listing that was just posted for sale, and it's seems like a really good deal that won't last long. I'm going to see the place tonight after work, but I have an anxiety about it, simply because I know I'm not fully ready to start buying houses, and because I'm afraid if I will not act now, and will miss this great deal. Any advice on that would be much appreciated! When in your experience, you knew for sure, that you were ready for the game?

Thanks,

Daria