All Forum Posts by: Hanah Frickers

@Alyssa Dyer would you be able to share the info for your contact that goes below $60k? Is Illinois included in one of the 26 states?

@Wayne Brooks thanks for the advice. So the listing agent referenced is also redundant?

@Dana Whicker thanks for the advice! First accidental click....

@Dana Whicker thanks for this! So best to avoid all their calls? 

Hi BPers

I just started expressing interest on a couple of properties on realtor.com and I clicked on the “email agent” option to get more info and got bombarded with responses from a host of agents. Can anyone explain whether to avoid these replies or whether there is a way to determine which one to speak with? Appreciate your help!

@Travis Biziorek well said! "...we have a young woman who came from literal poverty now making a median income that's more valuable than the normal "median income"..." 

@Ashley Hamilton you're an inspiration. I listened to your podcast and I can hands down say that it was my favourite so far.  You really are brilliant and you have kicked me into action :) Keep it up! 

@John Cornelius London, UK! Happy to be here though :)

@John Cornelius great question! 

Personally, I find myself getting overwhelmed with the sheer amount of sources out there for the next best market to invest in: I am certain there is no one right answer as each of us has their own unique circumstance. I for one have decided to list my minimum criteria (min cash flow, ROI etc) that I'd be happy with and talk with my close network of people to learn from them where they are focusing on. I then search these areas and simply analyze some deals to see what works. Disclaimer, I am a newbie to US investing and so no market is local for me though I do live here now.

Best of luck and I look forward to learning from everyone else’s response!

Thanks for taking the time to reply!

I currently live in NY. 

More or less bits of everything listed here: the overwhelming amount of education available making me realize how little I know and various opportunities to explore, being the two key ones for me. I’ll elaborate:

I have a respectable amount of cash ready deploy and am unsure what would be the wisest direction given that quitting the 9-5 grind is a priority/goal and so building cash flow is imperative. I live in market that’s too expensive for me to invest in or where house hacking is an option (or a viable one for me personally) so my realistic options are: 

1. I have pre-qualified for a mortgage to invest in a $150k property with 25% down with a pre financing ROI 6.9% in FL,

2. Pay cash for property in the mid-west and with the unencumbered cash flow  re-invest. 

3. Partner with a family member already active in the mid-west area on a duplex or multi family (with likelihood of requiring financing).

I should note that I am not entirely a RE novice as I have learned some lessons from an investment property I already own back in the UK with a large chunk of capital tied up (was intended to serve as a home rather than launching my RE gig; this was pre Rich Dad/ Richest Man in Babylon enlightenment...!) returning a low yield (~4%) which would be unwise to sell given political uncertainty currently limiting the home value increase.

I have set a deadline by when I must arrive at a decision and would welcome any thoughts that can assist in doing so :)