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All Forum Posts by: Joshua Noth

Joshua Noth has started 1 posts and replied 331 times.

Post: College Student Investor

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

Welcome to BP @Kyle Preston. The more you can learn and dive into the REI world, the better. Everyone has their preferred strategies, methods, and ideas of how to make a good investment, and everyone may have different standards. It's important to define those for yourself: do you need certain CoC return, certain cash flow, certain neighborhoods, etc.

If you want a quick validation, house hacking is a great way to start investing.  You cut down so much of your costs, maybe even make some positive cash flow each month, and as a young professional like yourself, I'm sure it would be easy to find some friends or friends of friends who could rent out the other units. To help you on that path, reach out to Realtors/lenders/other investors in the area you are looking into.  Whether it's in your college town or wherever you're looking to move to.

Post: New Investor in Houston, TX

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

Welcome to BP @Ryan Money, happy to have you here.  Both areas show solid potential, but continue to ask the experts on those areas, just like you are here.  Ask local Realtors for advice/stats/insights as well to help you determine the right market for you.  Wishing you all the best

Post: Investing After College Graduation

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

Hi @Janine Justusson, welcome to the site.  I know this is a vague answer, but I would circle back and say it depends a lot on where you are at - amount of debt, plans, predicted future income, comfortability with debt, etc.

I think being able to house hack and minimize your costs, if not eliminate them and get some cash flow, could be a great way to help you tackle those debts.  The important thing is making sure that asset can do that for you.  The last thing you want is to overpay for a property that doesn't perform up to standards, and suddenly you have another liability, not an asset.  That will require some due diligence/homework from you, as well working with a team to help you make that good deal happen.  Wishing you luck in your goals!

Post: New to REI and excited to learn more!

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

Welcome to BP @Robert Carnie, happy to have you here.  San Antonio is such a great area, always enjoy visiting down there. Are you planning to invest there or somewhere else?  Wishing you the best of luck in your investing career.

Post: Austin Investors: Need your Opinion

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

@Nicholas Dyer welcome to BP.  Like others have said, living for "free" isn't impossible; it will be challenging, and a lot of that will depend on your leverage.  If you do a smaller 5%, maybe even 3.5% down payment, it is much easier to get into financially, but then you're just playing catch up longer in terms of monthly payments as opposed to doing a larger down payment. (That's not even including how difficult it might be to get a property under contract with a down payment that small - it's possible, sure, just challenging). Triplexes specifically are harder to come by, but your same idea can apply to a duplex or quadplex.

To echo a great point though: even if you are not positively cash flowing in year 1 (maybe even 2), you are still DRASTICALLY reducing your monthly payments and saving lots of money a year. Plus your property will likely increase in value, likely over what you pay on your negative cash flow.  Then, once you are ready to move out, you can then rent out that last room/unit, and hopefully be positively cash flowing by then.

Post: New South Florida Realtor

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

Welcome to BP @Alim Rahman, happy to have you here.  Being a Realtor is such a plus on the investor side of things, and there are plenty of people on here for you to help out.  Best of luck in all your real estate endeavors!

Post: Intro to BP community - let me know how I can be of a help

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

Welcome to BP @Moshik Zemach, great to have you here in the community! It's great that you guys have a strong investment partnership going, so hope it pans out well for you both.  Wishing you guys the best of luck

Post: Excited to be here!! First post

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

Welcome to BP @Patrick Davenport, happy to have you here.  That sounds like a strong property, and great that you tentatively have that 1% rule being hit! Hope it works out for you, so let us know down the line!

Post: Starting my Real Estate Journey!

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

@Jeremy Rosner Welcome to BP! It sounds like you have the right ideas for getting out of that analysis paralysis, and as everyone else has mentioned... talking to a local agent and/or local lender is a great way to get that ball rolling.  The agent can help you see properties, as well as refer you to some dependable lenders who can get you preapproved (which is a major piece in submitting strong offers).  

I would also echo what @Jonathan Greene said: go and see properties! It's so important to see the property/neighborhood/area as well as running the numbers.  Sounds like you are on the right track, so best of luck to you, Jeremy!

Post: introducing myself to the bp family

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

Welcome to BP @Aditya Singh Thakur! Happy to have you here. Those are some great markets you've narrowed your search to, so hopefully that continues to go well for you. Wishing you luck in your REI career!