All Forum Posts by: Timothy Gordon

Ben, I basically get what you're saying. I'm not completely sure what the cap rate is for my area, but I do think I understand the basic idea of calculating NOI. Seems like some people don't look at cap rates and just go for a certain dollar figure per door net?

Hello BP! Which items need to be considered when doing a quick drive by evaluation of a small multi family investment? I'm thinking PITI vs rental income, for starters. What other factors should an inexperienced investor consider, without being too overwhelmed by details that don't matter too much at this point? I have a tendency to make plans so far ahead that I over complicate the simple parts. Any advice would be appreciated.

I'm not yet an investor, but aspire to be one someday. My mother in law has been using Airbnb for the last several months to rent out her very nice travel trailer. She has had great success, and has had many great guests. Problem is, she recently had a couple that stole some items from the trailer. She tried confronting them, but had no success getting the items back. My question is, what can an investor do to safeguard against this kind of problem?

Hi everyone, this is my first post. I just recently passed the Washington broker's exam. I am looking into starting at a local brokerage, but am overwhelmed by the choices, and also by the to-do list of things to get started. My biggest concern, is whether or not to maintain my 9-5 right now, or to quit. I really don't have the savings to just quit for several months, so I am not really sure what to do. I would love to invest eventually, but I feel like becoming an agent would be a great start into the world of real estate. I would love any feedback or opinions from you guys :-)

Tim