All Forum Posts by: Andrew Syrios

Welcome aboard Franklin and good luck investing!

Generally I'm not a fan. There's so much information here on BiggerPockets as well as the podcast and books and other websites, books and blogs too that are either free or very cheap. Plus virtually every city of note has a REIA with monthly meetings and other meetups. All the information is there if you actively pursue it.

I think that many of these coaching programs are designed for those who want someone to walk them through the process. While a mentor is helpful, I don't think these coaching programs can dedicate enough time to individual students to provide that. In many ways those who want this probably would do better in a job than in an entrepreneurial role.

And that's with regards to good coaching programs. Many are run by fake gurus who are just repackaging stuff they found on BP and repackaged as a get rich scheme that they sell by showing pictures/videos of people partying on a beach and things like that. 

Welcome to BiggerPockets Daniel and best of luck investing!

Welcome aboard Jack and best of luck investing!

 Personally, I would never invest in a place I didn't even visit and also meet/interview the people who would be involved (agent, manager, contractor, etc.) If you can't at least go once or twice, I would try to invest closer to home. But if you do want to invest out of state where cash flow is higher, I think it's worth narrowing down where you think the best markets are and then find a way to take a trip for a couple days or so. 

Welcome to BiggerPockets Chris and good luck investing!

Well, I mean they're just saying you can rent it out as is, not that you necessarily should...

It's very difficult to get SFR to cash flow these days with interest rates as high as they are. Honestly, I think you're estimated expenses are a bit low. You can probably beat $2000/year insurance, but the management fee should be 10%, you need to factor in turnover too and 5% is probably not enough for both maintenance and turnover and I assume you added it, but you didn't mention property taxes (which have been terrible in Jackson County lately since Frank White decided to jack them through the roof).

Welcome to BiggerPockets Drew and best of luck investing!

Welcome aboard and good luck investing!