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All Forum Posts by: Joshua Noth

Joshua Noth has started 1 posts and replied 331 times.

Post: Real Estate Investing Newbie

Joshua NothPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 338
  • Votes 296

Welcome to BP @Justin Lopez! It's great to have you here. Having a game plan is a great way to start - helps you stay on track and set expectations for yourself.  In terms of connecting with others, you're doing it right now! So keep that up.  Engage on these forums, use keywords for local areas/markets you are interested in, etc., and continue to network with everyone you can.  Wishing you the best of luck!

Post: Newbie Investor in Kansas City

Joshua NothPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 338
  • Votes 296

Welcome to BP @Joe Doran! Happy to have you here. That insatiable appetite for learning is going to be crucial in getting started in your REI career. Make sure you learn enough, but also avoid that paralysis by analysis that so many people have. Wishing you the best of luck, Joe!

Post: New Member Intro (Los Angeles)

Joshua NothPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 338
  • Votes 296

Welcome to BP @Cherie Gatling! Happy to have you here.  Always feel free to reach out if you need anything, and looking forward to hearing of your investing successes.

Post: BRRR book done, what's next?

Joshua NothPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 338
  • Votes 296

Look to make an offer and get under contract.  Get in touch with a Realtor in the area you are interested in (local tends to be easier), as well as a lender.  Those two should be able to help further guide on the next steps, such as where to look, what to look for, etc.

Post: Completely minty fresh. Mostly just saying 'hi'

Joshua NothPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 338
  • Votes 296

Welcome to BP @Blair L Zimmerman happy to have you here! You're spot on that there's so much to learn, but really don't be afraid to dive in and ask. Even if somebody has "answered" the question before, a lot of times topics in REI have multiple perspectives and evolve over time, so it's great to "refresh" that conversation. If you have specific interest (like syndication), look for specific blog posts or podcasts where syndication is the focus. Also set up some keywords that revolve around that subject, and you'll be alerted when people mention it. Hope that helps!

Post: First 5 Deals In 1 Day!

Joshua NothPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 338
  • Votes 296

Congratulations on those deals @Alan Roberts, quite an accomplishment.  What area did you look to invest in, and what drew you to it?

Post: New Real Estate Investor in Sugar Land, TX

Joshua NothPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 338
  • Votes 296

Welcome to BP @James Murray, happy to have you here.  Sugar Land is such a great little area - I'm not down there so I can't help you too much, but wishing you the best of luck!

Post: I'm brand new and know nothing

Joshua NothPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 338
  • Votes 296

@Jordan Schuld You're very right that there is so much to take in - there's always something to learn in REI. In terms of learning: listen to the BP podcasts, engage on the forums, read books, watch YouTube videos, everything. Go down rabbit holes and learn as much as you can about subjects that interest you. As you're doing that, do a couple of things: 1) save money - you'll need it. 2) take note of what works for you, like strategies, markets, etc. 3) start practicing: analyzing deals, researching markets, etc.

Post: Newbie Wife and Husband Investor Team

Joshua NothPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 338
  • Votes 296

Welcome to the site @Anthony Buccanero, happy to have y'all here! Wishing you guys the best of luck 

Post: Should I buy a property that’s over its market value?

Joshua NothPosted
  • Real Estate Agent
  • Austin, TX
  • Posts 338
  • Votes 296

@Andrew Bravo As other have said and will say, you always can pay for more than asking price and still have it be a good deal. People do that frequently - the property is listed well below market value, the buyer snatch it up over asking, and both parties see it as a win-win. You could also pay over market value, but that doesn't sound nearly as appealing to me nor probably any other investor out there. A very simple but big concern that arises is an exit strategy - what if you purchase the property over market value, and suddenly need to get out. If you try to sell that property, but nobody is willing to pay what you did (because it's over market value), then you are stuck selling it for LESS than purchased for, which is not good.

I would really hone in on your numbers and criteria, and look over this deal carefully.  Also, don't be afraid to counter either!  If the owner is a RE agent and an investor themselves, they understand you want to make your numbers work - it's not an insult to them, it's business