All Forum Posts by: Jamie K.

@Emily Beatty I've listened to the audiobook! Great tip! Thanks for your help and encouragement:)

@Besnik Kadriu I have found rentometer to be way off when looking up comps. My sister is a realtor so she pulls up similar roperties renting in my area of interest and they always show to be a lot higher than rentometer. I've only used the free option on there so that could be why. I don't really trust it though...just me. Good luck!!

@Anthony Colon trust me I've been trying to build up the courage for 2 years! Lol I'm just at the point where I'm done making excuses. I've heard from the pros on BP that once you get your first deal the rest are much easier. You have to follow those who are doing what you want to do and making the kind of passive income you desire. Taking action takes guts. You can do it:)

@Christopher Parsons thanks for taking the time to reply!! I think I'm over the initial fear because I'm seeing the numbers more clearly now that paperwork is coming in! But yes! The regret of passing up a good deal would be much worse!

The community here has been extremely helpful! I can't imagine moving forward without the support of BP!! Thanks again!!

@Jack Plantin hey Jack! Congrats on making the decision to invest! I have been using the 1%rule to quickly evaluate my deals. To get a more accurate analysis you'll have to put the numbers in a rental property calculator. So if you think the property can rent out for $900 I would aim for properties under 100k. Assuming taxes are fairly decent. I would stay away from east side due to crime rate.

The property I found is move in ready on the west side so I'm getting a conventional loan with 15% down paymemt which I'm using a heloc for.

Hope this helps!

@Salvatore Lentini thanks for taking the time to reply! As the days go by and I get more accurate numbers im feeling more comfortable! I feel in my heart that I'm doing the right thing!

@Adam Pickett thanks Adam!!

@Andrew Carlson Absolutely and I passed on a duplex last year that I still regret!! Thanks for the reply!!

@Anthony Marin I like that outlook! Since its buy and hold, looking at the overall coc return is the smarter way. I guess I'm just held up by the monthly cashflow because I like quick results haha thanks for your reply!

@Ursula Leake my sister is a realtor and she agrees rentometer is way off. It says the average for my area is $900/month. When she pulls up houses on the MLS already rented out they are $1200. Big difference!! Thanks for your reply!!