All Forum Posts by: Lili Kagels

@Miranda Micire  Thank you so much for helping me with those answers and taking the time to respond!

@Justin Brickman

Thank you! I appreciate the feedback. This helps!

Hey everyone,

So I have been reading and researching for  about the past year. I am super motivated to begin my real estate journey! I am active duty looking to get out around the end of the year with my husband who is also active duty we live in Ca currently, but plan on moving to Texas around Sep/Oct time frame. So I’ve been looking at houses to buy hoping to buy before we get out because I believe it will be hard to purchase in between jobs. 

I found a quadplex in Tx and have been running numbers on the Bp rent calculator. My plan is to buy within the next month and when we move there househack one of the units. It’s near a university so there would definitely be the possibility of having student renters (I’ve heard good and bad stories about that). The units are all currently rented out at what I believe to be below market values based on comparables around the area. The property is in decent shape I got a video tour of 3 of the units. Based on calculations I also think the list price is too high for my numbers to work I would need to ask 15k below asking. It’s been on the market over 60 days. I plan on calling the realtor to ask more questions because all I have now is what Zillow gives me, video tour and a spreadsheet if current rent and sq ft of each unit. 

I’m nervous to make it happen but also excited! I do have some questions to get some help.

Getting comparables for mfh seems more difficult than sfh are they comparable to each other?

What questions should I be asking the current landlord and/or real estate agent?

Is it rude to offer below asking and then ask for seller finance? 

When running numbers should I be running each unit individually or the whole complex as 1?

Am I going in to RE too fast by trying to buy a 4plex as my first deal and out of state? 


Thanks y’all!

@Melissa Haworth Thank you, I've taken a couple and am planning on taking a few more just to be sure!

@Bruce Lynn Thanks Bruce, I'll try that out. Absolutely I hope to be one and done.

@Ezra Henderson That's awesome! I might be overthinking this then, thanks for the feedback!

@Bruce May Thank You! I'm going to check out the SDCIA and NSDREI for sure!

@Kenny Simpson I'd like to start out as a real estate agent and then get into investing. I just finished my real estate courses and am currently studying to take the exam.

@Craig Fillion Thank you so much! I've been reading a page of a real estate dictionary every night to help retain vocab. I appreciate the help!

@Preston Dean  I don't think I would've ever thought of that. I think this will help me a lot! Thank you!!