All Forum Posts by: John Garcia
John Garcia has started 9 posts and replied 32 times.
Post: My First Investment and I want to do more!

- Posts 39
- Votes 22
@Andrew Syrios Thank you!
Post: Help a novice analyze a deal?

- Posts 39
- Votes 22
@Mark Hargrove No problem, I ran into the same situation, I tried buying a duplex but the same thing happened, when I read all the info, the seller said he would not split them up.
Post: Help a novice analyze a deal?

- Posts 39
- Votes 22
@Mark Hargrove Do you have your Rental Property Analysis complete?
I tried doing it for you, but I don't know enough about the property to make a wise conclusion. I hope you have more information to gather on this. It looks like they are selling all 3 duplexes rather than just one duplex. I do not know what taxes you will be paying or if there is any other maintenance you will have to do since it's not a single-family home now. You are past the 5 unit rule, you will be charged differently for taxes.
@Aaron K. Thanks, I'll check it out!
Post: Where should I look to find accurate property comps?

- Posts 39
- Votes 22
@Mason Hickman Thank you.
Post: Where should I look to find accurate property comps?

- Posts 39
- Votes 22
Thank you BP / Real Estate Investors,
I was hoping to find an easier way to find good property comps without being a realtor. I am looking for reliable and accurate property comps.
I'm new and trying to invest in 2 bedroom homes. I want to see what the comps would be if I were to add another bedroom or bathroom to the home.
I'm finding it difficult to make these comparisons on Zillow and other sites.
Does anyone recommend any specific sites they recommend and trust?
Thank you again
Thank you BP / Real Estate Investors,
I was hoping to find an easier way to find good property comps without being a realtor. I am looking for reliable and accurate property comps.
I'm new and trying to invest in 2 bedroom homes. I want to see what the comps would be if I were to add another bedroom or bathroom to the home.
I'm finding it difficult to make these comparisons on Zillow and other sites.
Does anyone recommend any specific sites they recommend and trust?
Thank you again
Post: Help a novice analyze a deal?

- Posts 39
- Votes 22
Be sure to use accurate numbers and not potential numbers.
Use the 2/1% rule, helps you take out deals that aren’t worth looking at, unless you aren’t looking for cash flow.
Check your CoC ROI! If you are using real numbers, you will get a good picture of your return. The higher the better.
Be sure to add your correct monthly expenses, be sure to save for vacancy, maintenance, and other expenses.
I hope this helps! I know it has really helped me to focus on great properties rather than bad or just okay properties.
Post: Looking for a good property manager in Durant OK

- Posts 39
- Votes 22
Thank you@Will Fraser
Post: My First Investment and I want to do more!

- Posts 39
- Votes 22
Thank you @Rachel Underwood.