All Forum Posts by: Kyle Curtin

@Rafael Padilla Jr

Hi Rafael!

Welcome to BP! I can definitely help. I am 21 and in search of my first property around the Greater Boston market. You are in an amazing position being that young, there are a few things that I would love to mention that have drastically helped me learn as quickly as possible!

1.) Studying as much as you can!

I very highly recommend checking out the BiggerPockets podcast, Brandon and David (and Josh Dorkin if you go back far enough!) are absolutely amazing hosts and teach a ton of really practical information. There are a ton of episodes and they are constantly making more. I also really like the “Real Estate Rookie” podcast. It’s similar to the original podcast but much more boiled down and easier to grasp as a new investor. BiggerPockets has some very good books as well that are amazing!

2.) Connecting with local folks in your market!

I have found that creating a social media presence and then following & interacting with investors, flippers, lenders, attorneys, agents, etc. in your market has an infinite ROI especially for beginners. One thing that has been particularly beneficial to me so far is direct messaging anyone in your market(s) and state and just ask to connect over the phone/zoom/ go for coffee and hear their real estate investing story. Everyone investing in real estate is doing something at least a little bit different then the person next to them! The more stories you can hear and folks you can talk to, the better!

3.) Find a local REIA (real estate investor association / meetup)!

In my opinion, these are the best places to learn out of any of these above. They are usually free and very enjoyable events to just network with other people that are likeminded. One thing that I realized early on is that 99% of people in the real estate investing world are willing to sincerely help each other out and succeed. People typically love to share information with each other to help them out, don’t be afraid to go to a meetup and just start talking to people! Eventually you will meet so many people and start to build relationships and build your “team” of agents, inspectors, lenders, contractors, etc. and things will become much easier. Making friends is the way to go!

These are just a few short things that I have found great benefit from, you are in the right place with BP to begin your journey. Last but not least, enjoy the ride and bring others up with you to succeed together. This game is much more fun playing with others than all by yourself!

Hi guys!,

I have a question that I would love to hear the communities thoughts on! So I have an off market opportunity to purchase a 4 family in a nearby market that has 9 bedrooms on public record.

HOWEVER,

The landlord has 18 bedrooms in that property that he is currently renting out separately to dominantly college students and is bringing in an absurd amount of rent. He is asking a pretty high price because he is an investor himself and knows he has a “cash cow” , but I started running comps yesterday to see how reasonable that asking price was and they were a little difficult. There were many comps that had 12 bedrooms or more, and the price-point were all over, but not many with only 9ish bedrooms.

I wanted to ask, would it be wise to consider running it to similar properties around 18 bedrooms and be able to use those as good comps, or will the bank/appraiser just use the 9 bedrooms from the record?

Thank you very much!

Kyle

@Charles Carillo

Thank you very much Charles!

Hi guys!,

Quick question! I have a cash buyer as a buyer client of mine and we have been looking for on market buy and holds & flips. I am aware that I need them to produce a “proof of funds” to attach with our offers on market. But I have been told a few different things and just want to know what I need. One individual told me I need a “letter” from the bank, and another person told me I simply need bank statements. What do you think?

Thank you,

Kyle Curtin

@Dan Maciejewski

I definitely will! Thank you so much Dan!

@Joe Splitrock

That is awesome, thank you so much for the awesome advice Joe! I will definitely keep that in mind!

@Stephen Brown

I love that, thank you so much Stephen! I’ll definitely start doing that!

@Dan Maciejewski

Thank you very much Dan! That definitely makes sense, I love that blanket voice mail that works for all types of lists/prospects!

@Michael Dumler

Thank you very much Michael! I’ll definitely keep that in mind, I think I am leaning more towards creating my voicemail script! Nice and short!

Hi everyone!,

Do you like to leave voicemails when cold calling or just move to the next number if no answer? I have done both and trying to really establish my process. I would love to hear others experience and what has worked for them!

Thank you,

Kyle