All Forum Posts by: Ronny Tiburcio

@Eric Luzier No problem. Think of it this way. Worst case scenario they say no and you move on to the next one. Alot of the time, sellers care more about getting serious offers especially if the property has been on the market for more than 4 months.

@Eric Luzier I think house hacking is the way to go. I would recommend putting in offers dependent on your numbers regardless of asking price as long as your criteria is realistic. 

@Eric Luzier How many offers have you submitted?

@Justin McElroy will this be your first deal if you were to purchase it?

Hello everyone, welcome to the VAREIA Group. So far we have had three meetups and the reviews have been very positive. If you are looking for a space where you can learn from others, share your ideas and be held accountable, this is the place for you. 

One thing we like to do in our meet up is get some feedback from the people attending so we ask everyone attending to contribute to this thread and give us some topics you would like discussed in our next meet up. Thanks in advance and I hope to see you there.

I agree with @Rachel H. and just get in your car and look for vacant properties or properties that need a lot of work and just write the letters to the homes your self. I see the last was 4 months ago. What did you end up doing? @Henry Lee

hey @Michael Sheridan, @Account Closed I understand where you are coming from. I used to live in New York City and I purchased my first house hack in New Jersey. What helped me get passed the expenses part of the buying process was actually figuring out exactly how much you would spend in expenses. 

For example, when I was looking at a property, I would look at property taxes, Mortgage, interest, insurance, PMI(if applicable) to figure out fixed expenses. If you go with hard money or provate money, it would be the same idea. First figure out what your fixed expense would be. After that, join a couple of face book groups and ask around that town, what utilities are like to give you an idea on those numbers. Once you got that, consider putting money aside for Vacancy, repairs, CapEx and property management. That should give you a way better picture on whether its a good deal or not.

In terms of income, you can use rentometer, zillow and craiglist to get a feel for rents in that area. If all those expenses come in under your income and its at a number you like for cash flow, you got a deal. Hope this helps.

Hey guys, below is the agenda for anyone interested in what will be discussed for the next meet up

Introduction

• Favorite podcasts and book

Choosing the right market

• How to choose the right market
• What resources can I use to help me choose a market
• Choosing out of the box ways to find a deal

How to find deals within given market

• How to use different resources to help you find deals in a given market

Deal Deep Dive

• Someone that is attending the group will breakdown one of their deals to the group

Scenario

• We will discuss different questions and scenarios found in the Bigger Pockets threads.

Hello everyone. Just wanted to give everyone a reminder that we will be meetin this saturday. Can't Wait!!!!

Definietly agree with @Kelly Arthur. In the long run, 75 bucks is not a big deal compared to potentially buying a bad deal that can derail you for a bit.