All Forum Posts by: Samuel Martin
Samuel Martin has started 4 posts and replied 16 times.
Post: Tools Problem Error code
- Posts 16
- Votes 3
Does anyone know why I get an error code 500 when I'm looking up addresses? This is the first time that this happened to me
Post: Recommendations on Lenders in TN
- Posts 16
- Votes 3
Does anyone have good recommendations on lenders in Tennessee? Currently looking for one and word of mouth has always been great.
Thanks!
Quote from @Nathan Gesner:
I forgot to mention: it's not enough to look at a blog or watch one podcast. You need to actually sit down and practice analyzing property. Over and over again. Soon enough you will be able to do it in your head and you'll start filtering properties just by looking at them.
I agree. Practicing would probably be best for me to familiarize myself with the numbers etc. Thank you
Quote from @Sabrina Sanchez:
Hi Samuel,
First feel free to reach out and chat over the phone with me! I know starting off can seem hard!
What other types of bumps have you come across? With the annual property taxes you might be able to look that up in the town public records or ask an agent to pull it for you. If you don't have an agent, I would start building a relationship with one even if you don't buy a house right away. Just explain where you are in the process. Rehab estimates are very hard and it's partly because every contractor will have a different price. I tend to google things and then ask around in fb forums or in my network and that tends to help me. With experience, it will become easier. A decent market is a market that you decide. You have to know what you want to achieve and then from there look at markets that will get you that. If you develop a relationship with an agent they can send you properties to analyze so you can decide what markets work. If out of state, then find an agent out of state. Tip: the MLS sheets may have more information that may help you plug in some of those numbers as well. And One last thing, BP has a calculator, have you tried it!
Some of the things you said hadn't even crossed my mind. I did play with the calculator a few times, but I didn't go in depth with it yet
Post: Purchase a 4plex evict everyone??
- Posts 16
- Votes 3
So, I've pondered on this question about how to enter real estate. I've listened to podcasts, read books, and I've done a little research on my own. However, when I attempt to analyze homes just for practice runs, I begin to hit a few bumps. It's always something like annual property taxes, rehab estimates, or finding a decent market to begin with. I'm oblivious to how I'm supposed to plug in my numbers. My mind starts racing and then I get myself off topic. Does anyone have any ideas they'd like to bounce off for where I should start or formulas to practice my numbers etc. because I really don't want to find myself stranded after one property. I'm currently trying to broaden my knowledge.