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All Forum Posts by: Rowen Burney

Rowen Burney has started 4 posts and replied 57 times.

Post: New Member Chicago, IL

Rowen BurneyPosted
  • Greenville, SC
  • Posts 58
  • Votes 50

Welcome to BP! Keep learning and meeting others and you will be making progress in no-time. 

Post: Seeking suggestion on first rental property

Rowen BurneyPosted
  • Greenville, SC
  • Posts 58
  • Votes 50

@Justin Larese couldn't have said it better. Never base a deal solely on the hope that there will be appreciation. Do you really want thousands of dollars hinging on whether or not high up executives choose to expand in a certain city? I definitely wouldn't. You seem like a smart guy who is doing well financially so I think you could find a much better deal with much better cash flow and lower LTV than 50%. You may have to look harder in your market or even switch to a smaller market but I'm sure you can do it. best of Luck!

Funny story and a great learning opportunity for all of us. Il be sure not to make the mistake he did :)

Post: Our Newest Project More to Come!

Rowen BurneyPosted
  • Greenville, SC
  • Posts 58
  • Votes 50

Congrats Matt! Hope it goes well.

Post: Whats The Best Book Youve Recently Read???

Rowen BurneyPosted
  • Greenville, SC
  • Posts 58
  • Votes 50

@Jeffrey Douglas I just finished Set For Life by Scott Trench and I absolutely loved it.

Post: Best books for beginner real estate investors?

Rowen BurneyPosted
  • Greenville, SC
  • Posts 58
  • Votes 50

@Justin Scott I would probably choose The one thing ,set for life, and rich dad poor dad.

Post: New Investor in Charlotte, Nc

Rowen BurneyPosted
  • Greenville, SC
  • Posts 58
  • Votes 50

Welcome to BP!

Post: Buy and hold #5 - Chicago

Rowen BurneyPosted
  • Greenville, SC
  • Posts 58
  • Votes 50

Congrats on the success!

Post: Overwhelmed in New Jersey

Rowen BurneyPosted
  • Greenville, SC
  • Posts 58
  • Votes 50

I would suggest checking out David Greene's book on long distance real estate investing. Its a game changer.

Post: best ways of calculating ARV

Rowen BurneyPosted
  • Greenville, SC
  • Posts 58
  • Votes 50

I would either contact your RE agent and ask for a list of comps in your area or go on websites like Zillow and look at recently sold homes to get a rough estimate.