All Forum Posts by: Nickolaus Cabcabin

Hi everyone, 

I'm thinking about becoming a rentometer pro.

I been analyzing 3 deals a day and now they are forcing me to sign up for the pro member ship.

Would you guys recommend me to sign up?

Thanks,

Nickolaus Cabcabin 

Originally posted by @Mitch Messer:

Hi @Nickolaus Cabcabin and welcome to BiggerPockets! Attracting private lenders is much easier (and quite a bit more fun) once you have an established track record of success.

On your maiden deal, you're probably not 100% confident you'll make enough money for yourself, much less for a private lender.

I urge you to consider doing your first deal, however small it needs to be, with just your own money. Give yourself the gift of confidence and peace-of-mind that comes from having no pressure to perform before you are ready. Take it from one who learned this lesson the hard way!

 Hi mitch, ,

I will take your advice and just save up my money for my first deal. 

Thanks,

Nickolaus Cabcabin 

Hi everyone, Is it possible to get private lending or attract private lenders on my first deal? what are some of your strategies or success stories when it comes to your first successful private lending? thanks, nickolaus Cabcabin

Originally posted by @Carl S.:

Hi Nickolaus. I am an agent in DFW, what areas (Metro) are you interested in? 

1. Corpus Christi, Texas

2. San Antonio, Texas

3. Fort Worth, Texas

4. Houston, Texas

5. El Paso, Texas

Originally posted by @Ryan Blake:

@Nickolaus Cabcabin I think you need to be a little more specific. It is a pretty big state.

1. Corpus Christi, Texas 

2. San Antonio, Texas

3. Fort Worth, Texas

4. Houston, Texas

5. El Paso, Texas

Hi,

I am looking for a Real Estate Agent in Texas.

I am interested in Multi-Family Dwelling.

Please message me if you are an agent or if you have connections with agents.

Thanks,

Nickolaus Cabcabin

Originally posted by @Larry Turowski:

@Nickolaus Cabcabin While it looks from the report that it would cash flow, it would be too little for me.  The only reason to keep it is further appreciation.   Why not sell it and get the big profit.

There is money, and there are deals.  If you have more money than deals then it generally makes sense to buy and hold.  If you have more deals than you can possibly buy, or enough to keep you money busy, then it makes sense to take the big profit and roll into the next two deals. 

 Hi Larry,

I dont own this property. I am just analyzing the property (rental property calculator)...

View report

*This link comes directly from our calculators, based on information input by the member who posted.

This house is a multi family duplex which is going for 434,000 USD . I counter offer with 380,000 USD (515,000 USD ARV) and i will be charging each unit 1,900 USD (1 percent rule) a month. I am planning on putting 28,000 USD into repairs. 

Everything looks good except the Cash on Cash ROI. its around 5 % and I cant figure out how to adjust the numbers to get it to 12 %.

Can anyone help me?

Thanks, 

Nickolaus Cabcabin

View report

*This link comes directly from our calculators, based on information input by the member who posted.

View report

*This link comes directly from our calculators, based on information input by the member who posted.