All Forum Posts by: Nathan Murith

Welcome to Biggerpockets, @Paul Shughart!

As Kai mentioned, biggerpockets has a great calculator to start with. it will help you better understand what goes into underwriting a property. Once you know what the pieces are (rent, interest rate, insurance, expenses, cap ex, vacancy, etc), you'll then have to spend the time to make sure the numbers you use for each of those are as accurate as possible.

I have also noticed that most investors will ultimately find/tweak/build their own calculators (usually in a spreadsheet) so they can better capture what is important to them and any particularities of their investment strategies, property type, or market.

We have one, for example, and we use some other tools as well that do most of the legwork for you. Happy to share any and all of those if interested. also happy to spend the time and walk you through how we do it if that helps.

please do not hesitate to reach out, connect, and DM me if interested.

cheers

Hey @Jason Brown and @Kyle Hjelmstad, welcome to BiggerPockets and congratulations on doing the work!

It really all depends on your level of comfort really. There is no right or wrong answer here and really depends on what your investment goals are, the market, desired returns, etc.

That said, I have always liked starting with a single-family home. I say that because it typically is easier for someone getting started to comprehend. They are either familiar with them through their own primary home, something they’ve rented, etc. Single-family is also typically easier to understand because it is 1 address, 1 tenant, 1 roof, 1 heating and cooling system, 1 plumbing system, 1 kitchen, etc. With a single-family home you do not need to worry about whether utilities are your responsibility or the tenants, you typically have fewer expenses (you do not have to do snow removal or lawn care on a single-family).

With single-family homes (and small multis up to 4 units) you get more financing options and better financing terms.

Those are some of the reasons, I like starting with single-family, but again, it depends a lot on your level of comfort, level of experience in real estate, investing goals, etc.

I do not think seller financing is a pipe dream, but I would say it is that frequent either. Those who are most successful with closing seller finance deals are active investors with pretty sophisticated marketing machines to find and target those home owners that might be a good fit for seller financing. I wouldn't say it's complicated stuff, but it does require different skills for finding and targeting the appropriate people, great communication skills, good negotiation skills, different state-specific contracts and paperwork, etc. Simple way to say it is seller finance deals are not all over the MLS :-)

There are a few folks (including BP podcast guests) that started with seller finance deals, but I would say that is more the exception than the norm.

FWIW, we love and primarily invest out-of-state in single-family buy and hold. Happy to share any and all mistakes, successes, tools, tips, tricks, we loved when getting started and still use today.

Do not hesitate to reach out, connect, and DM me.

hello @Napoleon DeVeyra! Welcome to biggerpockets and congratulations on doing the work!

Always great to connect with like-minded people. Happy to share all the things we loved, hated, and used when getting started.

One great read early on in your investing career is: https://store.biggerpockets.co...

If you want to chat more, happy to share all our favorites resources, please do not hesitate to reach out, connect and DM.

Welcome to BiggerPockets, @Kyle Hjelmstad!

Hey @Adam Dordea,

I am probably wrong here, and definitely not a lawyer or mortgage professional, but my understanding is it would not be mortgage fraud if you did not have the intent to buy two primary residences in the same year without disclosing this information.

Especially if you can show a life event (work, illness in the fam, death, other reason you need to move) that justifies a move, you should be able to get a new primary without committing mortgage fraud.

Again, I could be all wrong here :-)

Hey @Anthony Fresta, sounds like you are asking for a crystal ball 🤪 I'd love to have one as well.

You could look at average appreciation for a specific market over the last 15-20 years and use that. If you are asking specifically what appreciation impact will the NGA have on a specific neighborhood, I do not think anyone can answer...

It's a bit of a gamble but it seems reasonable to think the NGA will bring some appreciation to neighboring homes. How much and when?! No one can tell you.

I would also reach out to local property managers or realtors and ask if they have seen an impact and what their thoughts are.

Hey @Gregorio Villar, welcome to BiggerPockets and congratulations on doing the work!

We invest out-of-state in St. Louis. I am happy to share any and all knowledge, resources, tips, tricks, mistakes, successes. We spend a few hours each week giving back to the community.

I also wrote a post on this very question if you are interested in reading it. Please do not hesitate to reach out, connect, and DM me.

Happy share my thoughts on market selection but a lot of it is also personal to you and what you are looking for. You need to consider investment strategy (appreciation, cash flow, hybrid), property type, tenant type, weather, major sports teams, population trends, employer diversity, etc.

Hi @Maureen Muringi welcome!

What are you trying to market or achieve, not sure I follow?

Welcome to biggerpockets and congratulations on doing the work, @Tyler Randolph and @Steven Quiroga!

You can find meetups on biggerpockets under the network tab and search for meetups. I also find a lot more events are managed through meetup.com.

I am not local to Utah but would be happy to share any and all resources, tools, tips, tricks, mistakes, successes, etc. Please do not hesitate to reach out, connect, and DM me

Congratulations, @Phylis D., well done!

The next one will come soon 🤪