All Forum Posts by: Jasraj Singh

I really want to know how to analyze a market or neighbourhood in which I'm investing, I'v talked with a lot of people about how to analyze a housing market but I still didn't really understand so I thought this place would be the best option to find. I just want to know how to analyze like how to find out if the demand is high, how do you know if homes are selling fast, how to find out if demand for property in any area rising or falling or how to find out if a neighbourhood is hot or not, I've discussed with a lot of people and they recommend me to use city-data.com which is an excellent website to know about the market but even in that website I don't know what to look for like if the population is 20000 in a city is it good or not or what it should be or what should I type in google to know about a specific market or place?

It depends on what kind of investing you want do. You have choices of single family rentals, short term rentals, vacation rentals, lease options, commercial, townhouses, high end rentals, low end rentals, rehabs, duplexes, fourplexes, apartments.

Give a little more information of what your ideal investment is and we can offer some guidance.

Thanks a lot for responding!

Sure! I am looking for a duplex and then I want to renovate it and sell it for a profit and for even better profit I'll put some tenants and then sell but mainly I wanna start with flipping.

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Originally posted by @Ian Walsh:

Get the MLS and study solds, actives and pendings over a 5 year period. Pay attention to price and condition. That is pretty much all you need to see if it fits your goals and find a deal. Do thousands of comps.

Thanks a lot man! appreciate it

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Originally posted by @Derek Hamilton:

@Jasraj Singh Sorry for the late response I was sick I don’t know your finances or if you have connections to a good contractor so I can’t say. You know the answer to those questions.

No problem buddy! I'll look into that! thanks for responding!

Take care

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Originally posted by @Shawn Ackerman:

@Jasraj Singh You will find many people of invest outside of the market they live in. It is a skill and will require patience and fortitude. Define your metrics i.e price to rent ratio, cost of entry, landlord tenants laws, population growth, supply/demand etc.... Once you have nailed down your metrics, begin researching markets that fit. Here is a link that is great for understanding markets on a macro level

https://www.city-data.com/

All the best. Persist and you will WIN!!!

That's a great advice! I really appreciate it man! thanks

1 Vote

Originally posted by @Michaela G.:

I want both: cash flow and potential appreciation.

My 1st criteria is that it has to be within 15-20 minutes of where I live (I self manage).

2nd is close proximity to some upcoming development. I'm only going to be a landlord for a few more years and am not interested in getting cashflow for 3 years, but no appreciation.

3rd criteria is cash flow, within the areas that fit the 2 initial criterias.

It has worked well for me so far

That's great! thanks a lot for the advice!

I'll definitely look into that

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Originally posted by @Paul Moore:

Hi @Jasraj Singh. You asked how to tell if a recession is coming. That would take a lot of discussion, but I would highly recommend you Google Howard Marks of Oaktree Capital and see what he writes about cycles and recessions. If you have time, I would read his book "Mastering the Market Cycle." I'm in my 2nd read-through and it is amazing. When buyers get euphoric and ignore risk, at the time when assets are most risky, you know it is time to get out.

Thanks a lot! I really appreciate it! I'll definitely read that book!

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Originally posted by @Basit Siddiqi:

@Jasraj Singh

Are you working with an accountant - What did he suggest? He will know the most information about you which would make him suitable to answer your question.

I would suggest being able to deduct all the expenses you are entitled to.
You are entitled to report deductions if it was ordinary and necessary(and reasonable) for the flip to occur.
a $1000 extra deduction will save you $400 if the total tax rate is 40% which is average if you consider federal taxes, state taxes and Self-employment taxes)

Alright! No not yet. but I think 40% is a lot and that's why I think I need to hire a CPA.

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All Forum Posts by: Jasraj Singh

Jasraj Singh has started 33 posts and replied 294 times.

Post: I really want to know how to perform market analysis?

Post: I really want to know how to perform market analysis?

Post: I really want to know how to perform market analysis?

Post: I really want to know how to perform market analysis?

Post: Would it cost me less to buy, renovate and sell then a turnkey?

Post: Anyone who is doing long distance investing?

Post: How to find out that a property is going to appreciate or not?

Post: How to find out that a property is going to appreciate or not?

Post: I really want to know how to perform market analysis?

Post: How to avoid paying capital gains tax for flipping?