All Forum Posts by: John Mathew

Hope this helps Donald! Good luck on your future endeavor. 

• Your primary goal is appreciation
• You want longer-term, stable tenants
• You want an asset that’s more liquid

• Your primary goal is cash flow
• You want to scale your portfolio quickly –
• You’re willing to contend with more turnover risk and liability risk

In general, single-family homes tend to appreciate better than multifamily properties. The prices of single-family homes are driven by comps, and most homes are sold to owner occupants who are going to live there.Single-family homes offer more price appreciation and longer term equity growth.

Hey there Josh! Finding homes to flip in this condition can be done through popular online listing websites or through manual and creative methods like searching public records and advertising on signs. There are multiple offline strategies to help you find a house to flip. While they will take more time and effort than searching online or speaking with real estate professionals, they can be a lucrative way to find properties to flip.

Check out this list of offline sources for finding properties to flip:

• Public records
• Tax records
• Probate court
• Driving for dollars
  
  You can also try auctions. Most real estate auctions sell houses that are bank-owned, foreclosed, short sales, or in preforeclosure. This makes them an ideal place to find homes to flip because starting bids are usually well below market value, and the final sale amount only depends on your budget and your competition.
  
  Hope this helps Josh! 

Hello Ryan! Nice move :) House hacking is really an effective strategy to get into real estate investing. It offers an opportunity to learn the ins and outs as well as enabling you to afford that first investment property. This is a form of entrepreneurship. Done well, this could be the first investment property of many and could prove an essential part of your wealth-building and investment strategies of the future. 

When it comes to the best location you can try to read this helpful article : https://www.biggerpockets.com/...

Hope this helps you! Good luck on your future endeavors! 

Hello Andrew! 

Before you get started on your real estate career, weigh the pros and cons of becoming a real estate agent. Take time to think about how you will overcome some of the challenges of this rewarding industry. The pros are enough to attract many people to the industry, but it’s the professionals who can defeat the cons who have real staying power.

That's actually a nice idea Zackary. Facebook is a no-brainer and remains a staple of marketing for real estate agents. A big reason for this is that Facebook’s user demographics represent the target audience for any given real estate business age and income-wise. Beyond being where your audience is likely hanging out, the business features built into Facebook are perfect for real estate businesses.

Nice idea Sebastian!

Hello Dominic! My thoughts on this is laid down here. Hope it helps!

A big question for people buying a property, whether it’s an investment property or a primary residence, is “How much house can I afford?” Start by looking at a mortgage calculator to get an idea of rates and monthly payments, and then you can get preapproved to see how much money you qualify for.

Get Preapproved First

One of the biggest pitfalls that home buyers of any kind make is searching for a property before securing financing. Let’s say, after months of searching, you find the perfect rental property. But by the time you get preapproved for a mortgage, the house is already under contract with another buyer. Get preapproved now and have the ability to jump on a good deal at a moment’s notice.

Agency Loans For Investment Properties

For an investment property, you'll likely use an agency loan, which means the loan would be backed by Fannie Mae or Freddie Mac. In most cases, you won't be able to get an FHA or VA loan for an investment property. The exception to this would be if you purchase a multiple-unit property and plan to live in one of the units and rent out the others. If you're planning to go this route, you should start by talking to a Home Loan Expert.

Requirements For Purchasing An Investment Property

The agency loans available to you will either be a fixed-rate mortgage or an adjustable rate mortgage (ARM). Both of these options have specific requirements when it comes to the down payment and credit score.

How Do I Determine The Potential ROI For My Rental Property?

When looking for a great investment property, the first question you need to ask is "Can I actually make money?" If the answer is no, it's obviously not a great investment. To see how much money your property could potentially make, you'll need to consider the return on investment (ROI). The ROI can be calculated by first finding the property's net annual income. This is the rent money that's left over after you've paid the taxes, insurance, property management fees, expected repairs (plan to spend 1% of the property value on this), potential vacancy periods, HOA fees (if applicable) and any utilities that aren't going to be covered by the tenant. To find the ROI, take the annual income and divide it by the amount you spent on the property. For example, if the net annual income is $7,500 and you spent $100,000 for the property, your ROI is 7.5%.Use this calculation to see if each rental property is a good potential investment.

What Makes A Good Investment Property?

When scanning neighborhoods for your first rental, there are a few specific requirements you should be looking for to determine if the property would be a good investment. In a nutshell, you want a house that requires low maintenance, has limited vacancies and allows you to have a good rent-to-value ratio.

I like problem solving. There are unique challenges each day and that makes it exciting for me. :D

Hello Zihan! Take guidance from the following tips as you open the door to starting a real estate business:

1. Think Through Professional Goals
2. Conduct In-Depth Research
3. Organize Your Finances
4. Craft Your Business Strategy
5. Form An LLC
6. Plan Your Marketing
7. Build A Website
8. Launch Campaigns
9. Stay On Top Of Leads
10. Build A Support Network
    
    Hope these helps you :D