All Forum Posts by: Kyle Curtin

@Aaron K.

Thank you so much Aaron, I’ll definitely do that!

Hi everyone!

Just a question for the community! So I have developed an excel spreadsheet to analyze cities by class, crime rates, population growth, unemployment rate, ect.

It works well to know right away if I am even remotely interested in a market, but then I get to the next step.

What is the most efficient way to break down a market further and find data for analyzing specific neighborhoods in a market?

Any input is extremely appreciated!

Thank you,

Kyle

@Bonnie Rhodes

I opened my Fidelity brokerage account when I turned 18, and just got pre qualified this week at 20 and will be buying soon! :)

@Jeff Copeland

Hi Jeff,

Ooooh that makes a lot of sense. It makes more sense to just use the 1% Rule, I think I was looking waaay too far into it haha! Thank you so much for the advice it’s very much appreciated!

Thank you,

Kyle

Hi everyone!

I have a question regarding the price to rent ratio metric. I have read in a few of the BP books that price to rent is a pretty important measurement for analyzing different markets.

I am having a hard time finding the data, as well as had a question regarding multi’s.

Do you find a different avg rent price & avg prop price based on the amount of units in the property to gauge more accurately? How do you like to find the data?

Thank you so much for the help,

Kyle

@Brandi K.

Hi Brandi!

Thank you so much for the reply! I’ll definitely take that into consideration when I talk with more lenders, thank you so much!

Kyle

@Stephanie P.

Hi Stephanie!

Thank you so much for the kind words, I am very flattered! I’ll definitely keep your great advice in mind and start using my credit card more and consider opening another one to build it up!

Thank you so much & have a great night!

Kyle

@Ryan Twombly

Thank you so much Ryan! I’ll definitely give my lender a call and get some answers! Thank you for the advice!

Kyle

Hi everyone!

I have a question about DTI that is a little different.

To give a little insight on my situation, I am 20 years old with a pretty well paying full time HVAC Tech position, as well as working as a Realtor. I live at home and just have my credit card as my only debt (on paper). I pay one of my parents cash for room and board, I do not have student loans, have been driving the same car (has been listed under one of my parents since I was 16) and I am saving for my first househack.

I am starting to prepare my financials to show a lender and hopefully get some answers this week regarding pre qualification, but decided to run my DTI calculation today just out of curiosity.

With the gross amount that I make every month divided by my very small credit card bill, I have a 2% back end Debt to income ratio.

Does anyone know if lenders would like to see me take on more debt to ensure that I can manage it, or am I in a pretty okay situation?

Thank you so much,

Kyle

Hi !

I love to see another person that shares the drive so well at so young of an age! I am 20 going through pretty much the same thing!

I have heard from people that I have connected with that househacking is the way to go to get into the rei game. The advice that I have been given is to just buy a property you have confidence in when you are ready and do not have analysis paralysis.

If you recognize that the first property will likely not be a rockstar property, but the lessons will be extremely valuable for the rest of your career, I think you are on a phenomenal path!

I would love to chat man send me a message!