All Forum Posts by: Nathan Murith

Hi @Mitch Parsons welcome to BiggerPockets and congratulations on doing the work!

Every investor will have a different point of view on how to choose their market. It also depends on investment strategy you are going after, if you are looking for cash flow or appreciation, or both, etc.

We typically will not invest in any market with fewer than 500k people, places that show trends of job and population growth, with at least one major league sports team. We also look at job diversity, industry diversity. 

It also sounds like you may have boots on the ground in STL. Why not go there?
That is where we do a lot fo our investing and it’s been good to us.

Happy to chat some more if you want to DM, and connect.

Cheers

@Matthew Novelli

There are a bunch of apps and calculators out there. They all basically do the same math and calculations, it’s always the same variables in a deal analysis:

- property purchase price

- make-ready / rehab costs

- down payment

- interest rate

- monthly rent

- property management costs

- reserves for big jobs like changing a roof

- maintenance

- vacancy 

- insurance

- property tax

The trick is to estimate those accurately! That comes with experience and time in your market. You can also call a local property manager and ask them for their estimates on some of these. Call your county assessor’s office for property taxes. 

We use a couple spreadsheet calculators we put together. We are also big fans of DealCeck. They have a free version that quickly becomes limited. Their paid version does not break the bank. I also have a 20% discount code if you want.
do not hesitate to reach out, connect, and DM me.

Hi @Benjamin I Singer

Congratulations on doing the work! I see we are located close to each other. I wanted to offer a more direct point of contact if you are interested. I'd be happy to share how we go started and help in any other way that I can.

Please do not hesitate to reach out, connect, and DM me.

Welcome to BiggerPockets @Matthew Gonzalez!

You already started doing the work, well done: network network network!

I am happy to share all the learnings, mistakes, errors, tips, tools, tricks, that may help.

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

In any case, please do not hesitate to reach out, connect, and DM me.

Hi @Giovanni Amaya,

Welcome to BiggerPockets! Nathan covered it well in his post above!

If you ever want to chat to someone directly, do not hesitate to reach out!

@Jasmine Wilkes details would help. Also reach out, connect, and DM if you want to chat more and see if we can help

@Benjamin Siller you can indeed practice in any market. But, what I found easier is when you practice in a market you know, your number guesses (rents, taxes, etc) will be more accurate.

In any case, when you run your numbers, I would always validate your guesses by calling a property manager for things like rent, vacancy, typical expenses, etc and calling the county assessor’s office to understand how taxes are calculated.

Happy to review any deal analysis that you have or run through a few with you.

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

@Steve Bell happy to share the contact info of the Tax Professional I use and very much like. He specializes in real estate. A lot of big and small real estate investors work with him.

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

@Kenneth Burdick, welcome to BiggerPockets and congratulations on doing the work!

The other Nathan said it best! Start networking. Meet people, get to know them. Talk real estate shop all the time.

Happy to share all of our learnings, mistakes, tools, resources, etc.

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