All Forum Posts by: Kevin Wei
Kevin Wei has started 1 posts and replied 3 times.
Post: Book On Evaluating Deals
- New to Real Estate
- Los Angeles
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Originally posted by @John Walter:
@Kevin Wei Congratulations on taking the first steps! I lived in the Redondo/Hermosa area for years, so I am intimately familiar with that particular part of town. Glad to hear it's beginning to turn around, just be wary of investing in something solely because you're predicting it will eventually turn into something lucrative.
Right, I definitely want to understand what makes a good deal (as opposed to going on a whim / going based off of a prediction)
Post: Book On Evaluating Deals
- New to Real Estate
- Los Angeles
- Posts 3
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Originally posted by @Taylor L.:
I'm sure that book is good, although it may be a bit out of date. J Scott's updated book on flipping was released more recently through BP and would have more current numbers.
There are other books on running multifamily numbers as well
Specifically for books on running multifamily numbers, if you have recommendations, I will get those! That is what I'm looking for
Post: Book On Evaluating Deals
- New to Real Estate
- Los Angeles
- Posts 3
- Votes 0
Hello,
I'm Kevin and I'm getting started in real estate. I just finished reading Turner & Dorkin's "How to Invest in Real Estate".
My biggest weakness right now is understanding how to evaluate offers that I see online (eg on loop net). I want to know how to do the math to evaluate if an offer is good.
I understand there are various calculators available on the website as well but if there is a book (and preferably if there is an audio book for the book) that would be really helpful.
Is this a good start: https://www.amazon.com/Book-Investing-Real-Estate-Money/dp/0990711714
Side note: I'm interested in multi family units in the Inglewood/Hawthorne area. As an LA native, I see lots of potential in this region with the new football and basketball stadiums + lots of new Chipotle/Five Guys-esque restaurants popping up.