All Forum Posts by: Nikolai Lundbakk

Thanks for your advice! @Omar Khan

I do need more knowlege for sure!

I do need a long term financial plan! What do you put in to a financial plan ? 

And i already have started my networking =) Networking is important and fun! I love meeting new people =)

Rigth now im at Zillow looking at any homes and running the numbers for Cas flow just to practise. I feel like it helps.

 Hello and thanks for helping out!
The problem is that even if i filter to only ''multi family units'' they show me single units for sale in a multi family property ... 

Thanks for showing me how you are doing it! I will go online and find out the cash flow of properies just to practise =) 

BiggerPockets do have the propper calculator  for this but i have to be ''pro'' to use it... 

Thanks again!

Thanks! @Tarren Pettigrew

Ye i have been talking to @Caleb Coblentz and have gotten a better understanding of how the things work.

Hello! 

I'm new to the game, but i have figured out that multi family homes is a great option for me since i will be using one of the units.

I'm therefor looking for a small (3-4) multi family home (MFH) in Myrtle beach area, but im lost in all my seaches... 
I have tried to use Zillow but cant find much...  

What is you best tip for finding Multi family homes??

Off topic:

How much should my first investment be at? I was telling myself no more then $250,000

Best regards
Nikolai

Thanks Mike!

Yes im currently living in Norway, but i want to start my investing in the states! So as you say the better option is most likely to buy a multi-family home to start of with. I need to learn more about running the numbers in this case to insure that i dont make a horrible first deal.. I guess its like Victor said above.

I looked in to Singal family (SFR) but there is more competition from home buyer and its harder to get a great deal cus they realy want that spesific home and will overpay just to get it...

From my understanding there is more investors involved in a multie-family property and they all want a great deal. So they wont overpay.

Just learn about the 1%, 2% Rule/test today =) 

Thanks again for your great tips!

How do i delete my comments? in this forum thread!

Thanks Victor! 

So when you say $1,000/month per door cash flow. Is this after you subtract all the expenses?

Can i then estimate the cash flow of  a property before i buy it, by simply estimate the monthly income per door and subtract the expenses? 
If so this whould be a great tool to use! 

Im currently reading a book about rental properties (rental property investing by. Brandon Turner) and the ''rental tradeup'' strategy realy interest me. 

Thanks again for helping me out!

Hello! 
As that im new to the game and this is my first post on BiggerPockets i whould like to aske some questions about Rental properties.

What are you looking for in a rental? everyone is looking for ''that'' property that gives you cash-flow, but how do you know if the property have good cash-flow?

Is it a good idea starting of with a property that have  2 or more units and use one of them myself? (House hacking)

When should i ''evolve'' to buy a second property?

I know this is alot of questions at ones, but im trying to building a educational fundation for my investing future =) 
Best regards