All Forum Posts by: Justin Tahilramani

@Joe G. - You should consider the current market. Will you be able to sell you home in 60 days or less? Sometimes its better to keep renting if the sales market is poor.

@Shetal Gandhi - I would look at local real estate "meet up" groups. They exist is most areas and are a good way to meet people in the business. You can even search/connect with other investors on the BiggerPockets website.

A true "mentor" will teach you about your market and the business because they have a passion for real estate - they will not want your money. You will need to do your share by reading and learning as much as possible.

@Shetal Gandhi - You need to determine what  a good deal in your market looks like. What if a wholesaler comes to you with a "deal". They offload their problem onto you because you are unsure of what you are getting into. I would recommend finding a mentor in your area that can teach/mentor you. Is it your day job that keeps you busy? What industry are you in?

Are there many 4-plexes in your area? That is probably where I would start.....

@Raj Swarnam - How much is the pet deposit? you probably don't have much to lose by refunding the deposit. It's good that you don't need to find tenants right away.

@Shetal Gandhi - OK- not to be disrespectful, but if you can't find deals on your own, what makes you think that paying others to find deals for you will work? They likely have the same access to properties that you do. Birddogs are used by investors that are to busy to find their own deals.

The deals are out there, but you need to know what you are looking for....

I agree with most of the information put out thus far. The bottom line up front - when in doubt - get an inspection.

You will know when you feel comfortable buying property without an inspection. 

@Uriah D. - Just a suggestion - find the color that you want to use and paint a portion of one wall with 1-2 coats. See how it looks before committing to using primer first. Some paints have a built in primer that will ***assist*** with covering darker colors. 

I would just hate to see you put in so much extra labor if it isn't necessary. 

@Eric La Pratt - the mold disclosure that you are talking about must be a regional requirement. I have never had to deal with that.

Have you ever seen a house that has been consumed by mold??? I have - an entire house that had mold growing though wall cavities. Its not something to take lightly. Definitely not trying to be dramatic, but it can be expensive if not addressed quickly.