All Forum Posts by: Jordan Thibodeau

Hi Dave,

Based on your numbers & assuming no additional increase in monthly expenses:

$200 in additional income per month X 12 = $2,400

$2,400/ $10,000(Initial Investment) = Return of 24%

Payback period 4 years and 2 months.

Looks like a solid investment.

@Hydee Vanterpool

Welcome to BP. I would check out the ultimate beginners guide. If you have any additional questions, let us know.

Welcome. Keep reading the articles here & check out the podcasts. For 30k, you're close to a down payment on a house in Texas. I would suggest staying local because you know the area.

Welcome! Podcasts, blog articles, and posting. The holy trinity of BP greatness.

@Jay M. welcome to the forums. We're all noobs in one form or another. :)

20 to 30%? With maitenance reserve, insurance, property taxes, and PM?

That sounds high, unless someone is purchasing these houses for cheap and doing minor rehab.

If you're getting 10% after expenses, that's not bad.

Hi Jenn! Thanks for posting.

I think it's a great start. If anything, I would try to shorten it.

Suggestions IMO:

"I'm interested in buying your house at (Address). Would you consider selling it to me?" <----Saying the same thing twice, I would go with the first sentence because the second sentence lacks confidence in your offering.

"I buy houses in Nevada, Placer, Yuba and surrounding counties." Well if I'm receiving this, I'm assuming you took the time to know where I live so I should qualify. Also, what if they have a deal in a location that's one city over? You don't want to limit yourself.

"Here are some of the perks for selling directly to me and not listing with an agent: Sell Your House "As Is" For Cash, Pay No Commission, and We Close Fast! When you're ready, please contact me at (530) 270-9169 or [email protected].

Thank you for your time!

@Kerry Hennessy Welcome to the forums!

IMO: You have 2 types of risk:

Market Risk - The general direction of real estate prices, vacancy rates, jobs growth, and other macro economic factors that are outside of your control.

Personal Risk - The actions you take that can directly affect your risk profile. Deciding to set cash reserves for a rainy day, 100% leveraging, understanding of the market, etc.

As far as the safest investment, it all depends on yourself and your experience. A flipper will tell you that buy and hold is risky, while a buy and holder will tell you the opposite. Or some people will say real estate in general is risky.

Being that every market is different, and certain strategies are highly profitable in one area and unfeasible in others makes it hard to develop a blanket strategy without knowing your particular market.

The best thing you can do is: 1. Listen to as many podcasts as possible (I would listen to a podcast focused on: Wholesaling, Flipping, Buy & Hold, Tax Liens, Commercial, and etc). 2. Read the blog posts and devour as much info as you can before deploying capital. 3. Continue to post.

Once you determine which area in real estate interests you, then you can decide what your risk profile will be.

Happy hunting my friend!

@Raymond C. I bought my first property in Sacramento last December. Being that I didn't know that many contractors in the area and I didn't have the time to get involved in a rehab. I found a duplex that required minimal work that allowed me to rent the property quickly.

Depending on your experiences with rehabs, it might be better to start with something that doesn't require a ton of work so you can focus on learning the landlording business, developing relationships with contractors, so when you're ready to do a full rehab you have the pieces in place. Best of luck!

He could argue that it wasn't in perfect condition when he moved in. If you have enough evidence to back up your claims, and you can show significant damage to the property, you might have a chance. But who knows, it really depends on your judge.