All Forum Posts by: Nathan Murith

welcome to biggerpockets, @Josh McCabe, and congratulations on doing the work!

While I am not located in NY, I am always looking to connect with like-minded people and happy to connect and share all the mistakes, tools, tips, tricks, and resources we love and have been using in our REI journey.

Do not hesitate to reach out, connect, and DM me if you want to chat some more.

Do you have any sense of what type of real estate you want to get into?

Cheers,

Nathan

Hey @Cody Morrell welcome to BiggerPockets and congratulations on doing the work!

What do you feel is blocking you, or keeping you stuck in your analysis paralysis?

BRRRR is such an excellent advanced strategy and go be great when it goes well. Do you have a team setup for your BRRRR and have you already done rehabs like the ones needed for BRRRR? Generally speaking, I would not recommend BRRRR for someone getting started, so many things can go wrong. In addition to that, we are in a rising interest rate environment which adds another layer of complexity to your executing a good BRRRR.

Where would you do your STRs?

In any case, happy to discuss in more detail if you want. That said we mostly do buy and hold so you may not be interested or the resources tools tips and tricks we have may not be for you.

Hey @Justin Darian welcome to BiggerPockets and congratulations on doing the work!

1. earn more
2. Spend less
3. Save
4. Invest those savings :-)

There are so many ways to be successful in real estate, which is why it is so great. That said, it can make it overwhelming when starting. I still remember when we were starting, so exciting!

We try to set aside a few hours each week to help others trying to gets tarted. In the spirit of giving back. Happy to share all the mistakes, tips, tricks, tools, and resources we have available if interested.

Do not hesitate to reach out, connect, and DM me if you want to setup time to chat.

@Lionel Thomas welcome to BiggerPockets and congratulations on doing the work!

I would agree with Nathan G, cheaper homes will typically attract lower-end tenants. 

More importantly, what kind of house does $65k-$80k get you? In what neighborhood? What would they rent for?

Also, at that price point, do you plan on purchasing cash or get a loan? Keep in mind that finding a lender that will lend on these price points is harder. Often, though you can find exceptions, lenders will not do loans under $75k.

In any case, exciting times for you. I still remember when we were getting started. I am happy to share all our mistakes, tools, tips, tricks if you are interested. Do not hesitate to reach out, connect, and DM me if you want.

Hey there @Cheng Vang welcome to biggerpockets and congratulations on doing the work.

If you haven’t read this already, this is a great first read to get started it covers a lot: https://store.biggerpockets.co...

I still remember when we were getting started, very exciting times. 

We have a ton more resources, tips, tricks, tools, things we love, happy to share with you if interested, do not hesitate to reach, connect, and DM me.

Cheers!

hey @Hector Rubio welcome!

there is just so much out there. do you have any sense of type of information you are looking for, or better yet, what type of real estate you are looking to get into?

Worst case https://store.biggerpockets.co... this is a great book to start with as it covers so many aspects of investing and may give you the information you need to then go even deeper in our direction or another.

we have other resources we like and happy to share those if you want. do not hesitate to connect, and DM me.

Hey @Tony Freeman welcome to BiggerPockets and congratulations on doing the work!

“Live where you want, invest where it makes sense” as they say!

We have a very similar situation, 2 small kids, two full time jobs, and invest in the Midwest. We have a portfolio of single family homes and are growing that.

If you are open to a house hack (duplex, tri, quad - live in one unit rent out the others), that might be a good option for you to get started investing locally in addition putting you in a situation where you may have not rent/mortgage. That said, may not be a good option for you with two kids especially if you have a home today.

Have you run your numbers in your local market, things simply do not cash flow?

Might be worth looking at investing remotely. If you do your due diligence and build the right team, it's totally doable.

Happy to share all our tools, tips, tricks, resources, mistakes. Do not hesitate to reach out, connect, and DM me.

@Mitchell Sanedrin welcome to BiggerPockets and congratulations on doing the work!

I’m also currently local to Bay Area. Always great to connect with like-minded people.

We invest out-of-state. We have a portfolio of SFRs in the Midwest.

I still remember when we were getting started, such exciting times!

I am happy to share all the tips, tricks, tools, resources, and mistakes, we have and still use today.

We set aside a few hours a week to help people getting started so please do not hesitate to reach out, connect, and DM me if interested.

Hey @Neel Iyer, welcome to biggerpockets and congratulations on doing the work.

We invest out-of-state in St Louis, MO, as well as Northwest Indiana. I still remember how excited I was when getting started.

I am happy to share any and all tips, tricks, tools, resources, network, we have and still use today.

Please do not hesitate to reach out, connect, and DM me if you want to chat more.

hey @Austin Jones, property valuation has nothing to do with how much it can rent for.

The best people to ask for an accurate rental estimate is a local property manager who manages that type of asset in that neighborhood.

When I run my numbers, I usually take an average of:

1. what my property manager tells me it will rent for

2. local housing authority (section 8) official rent rate for that number of bedrooms

3. rent estimate from a tool like: rentometer, rentcast, Zillow, etc

Happy to help more if you would like. do not hesitate to reach out, connect and DM me if interested.

cheers