All Forum Posts by: Linval T.

Welcome to BiggerPockets, a place to interact with a vibrant REI group, learn the real estate business and language at near zero cost. It doesn't matter if you are young or old, totally new or need to build upon your experience.

Yes, you have just announced a commitment to the thousands in this community about

your seriousness regarding REI and have taken this bold step to affirm it.

Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.

You are here at the Forum, but, should raise your mouse to the top and explore the other

headings displayed.

Don't get overwhelmed by the massive amount of data archived on this site.

Simply, bone up on the areas that you need to expand knowledge in such as, Forums,

Marketplace, Learn, Network, Analyze, Resources.

Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of book

recommendations.

Also, you can review the quick links below to help solidify your grip on this site.

After becoming more knowledgeable and confident because of my above suggestions, take action to snag your first real estate investment deal if new or add to your existing holdings if you have prior experience.

Don't get caught up in analysis paralysis.

You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.

Take calculated risks if needed and you shall be rewarded!

"Each step you take reveals a new horizon. You have taken the first step today. Now, I challenge you to take another." - Dan Poynter

Lastly, don't forget that we are here to help and likewise learn from your contributions. Good luck and happy investing, again, welcome aboard!

0 Votes

@Neil Brown - Congratulations on becoming a new RE agent!

Yes, you have just announced a commitment to the thousands in this community about

your seriousness regarding REI and have taken this bold step to affirm it.

Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.

You are here at the Forum, but, should raise your mouse to the top and explore the other

headings displayed.

Don't get overwhelmed by the massive amount of data archived on this site.

Simply, bone up on the areas that you need to expand knowledge in such as, Forums,

Marketplace, Learn, Network, Analyze, Resources.

Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of book

recommendations.

Also, you can review the quick links below to help solidify your grip on this site.

Don't get caught up in analysis paralysis.

You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.

Take calculated risks if needed and you shall be rewarded!

"Each step you take reveals a new horizon. You have taken the first step today. Now, I challenge you to take another." - Dan Poynter

Lastly, don't forget that we are here to help and likewise learn from your contributions. Good luck and happy investing, again, welcome aboard!

1 Vote

@Matt Liu

Firstly, it seems as if you have lingering doubts about your partner. If so, then, you should not be in a partnership with him.

Ok, with that said, I am part of a five partner LLC and the rest of my partners have given me power of attorney to conduct RE transactions on their behalf.

I have completed purchases with them having a good sleep at nights.

You might want to do likewise and list the property information, in an effort to allay your fear of him taking this deal for himself, let alone your money.

Good luck.

0 Votes

@Chelsey Martin - This is too much work you are undertaking. It's obvious that the landlord is only interested in collecting the rent from someone who is willing to keep him doing so at their expense.

It's time to look for a new apartment....there are lots of them out there with less issues and probably more attractive.

I am sure you can do lots of other things with your time and money.

Good luck with your search!

0 Votes

Welcome to the vibrant BP community. Your time here will be well spent.

Now that you have made the move, below are some links that will help you navigate the site. However, this site thrives on interactions and as such we encourage two way exchanges and look forward to educational and thought provoking ideas relevant to REI.

Before your 1st purchase, please ensure you visit the below link for some tips.http://www.realestate.com/advice/buying-your-first-investment-property/

1 Vote

Welcome to the BP community. Ok, now that you have taken your initial step, below are some quick links to get engaged.

REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.

http://www.realestate.com/advice/buying-your-first-investment-property/

0 Votes

Welcome to the BP community. Ok, now that you have taken your initial step, below are some quick links to get engaged.

REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.

http://www.realestate.com/advice/buying-your-first-investment-property/

0 Votes

@J. Martin

Congratulations on your 3,000 plus posts. This alone shows your dedication to helping others by sharing your knowledge and camaraderie.

The recollection of your experiences and accomplishments certainly deserves the attention received, plus it's definitely worth reading and is indeed inspirational.

This is a true rags to riches story that we can associate with at BP and have proof that it's doable.

We look forward to hearing about your future milestone achievement as you happily work towards your 4,000th posting.

2 Votes

@Nathan Champion

Congratulations on your graduation.

Welcome to the BP community. Ok, now that you have taken your initial step, below are some quick links to get engaged.

REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.

http://www.realestate.com/advice/buying-your-first-investment-property/

0 Votes

@Brandon Turner

Good try with the class extensions suggested, it's thought provoking and I would hate to see the areas identified beyond class D.

Frankly, I have not gone beyond C, but, was tempted to purchase a D.

Online, I found the details of the classifications listed below and have used them as a guideline when additional checks and balances are needed.

Class A: Newer property in a highly desired, stable location with good schools. These attract high income earning, stable, and responsible tenants leading to low vacancy rates. Purchase prices and the investment amount required are driven up by owner occupied buyers which provides appreciation but lower cash flow.

Class B: Property in a mostly stable location with average schools. The vacancy rates are mid level and normal wear and tear is expected from tenants. The added managed risk provides opportunity of higher cash flow than A class with lower purchase prices.

Class C: Older properties in a less stable location with typically less than average schools but must not be in a "war zone". These may experience higher than average vacancy and higher than normal wear and tear with a mix of government subsidized tenants. The additional managed risk allows for potentially high returns but can be difficult to manage and may require longer time to liquidate.

Class D: Old properties in challenging and potentially dangerous neighborhoods with little to no amenities. These are characterized by high maintenance, high vacancy rates, and the tenants are the most challenging. The cash flow will appear to be the highest on paper of all classes but will be greatly effected by the cost of repairs and eviction fees from the lack of payments from the tenants.

0 Votes

All Forum Posts by: Linval T.

Linval T. has started 2 posts and replied 1292 times.

Post: New to BP

Post: I'm a new Real Estate Agent and I'm new to the site in NO VA

Post: Partnership buying question

Post: Plumbing Question

Post: New member from Atlanta, GA

Post: Looking to purchase my First Investment Property.

Post: FNG here

Post: Success through BP: 3,000th Post: 4 years, a Summit, $1MM+ in RE, 1 wholesale probate deal, 8 rehabs, 1 master lease, 50 Airbnb guests, & 100 tenant headaches later..

Post: New Member from Atlanta

Post: Real Estate Classes (A, B, C... etc.) What do YOU call it?