All Forum Posts by: Shayan S.

Hey Keisha, from what I've read to figure an ARV, you would use comps from sold listings. https://www.youtube.com/watch?v=1Zap6D-w4BI That's a link to Brandon Turner describing how to estimate arv. Good Luck!

Hey Jefferey, great job on taking action! From what I've read a rule of thumb is that for every $100,000 of the price of a home the PMI is $100. Good Luck!

Thank you for the wonderful information! Great to see you adding value to the forums!

Hey Lili, congrats on getting started! From what I've buying investment properties in California is a bad decision unless you can find a great deal. There's a rule on thumb a lot of people on Bigger Pockets use, it's called the 1% rule. the 1% rule basically says that to at least break even on the property, the monthly rent should be 1% of the purchase price. Offering 430K might not leave you much (if any) room for a profit on a flip, you have to consider closing costs and the fact that usually flips cost more and take longer than expected. Good Luck!

Hey Johnny great job on wanting to get started! From what I've read buying a residential property (1-4) is easier to obtain financing on. Have you considered starting with a 4 unit, gaining experience and then going multifamily? Good luck!

Hey Andrew! From what I've read i suggest you read books and forums on portfolio loans and commercial loans. You should educate yourself on hoe financing for multifamily works so you don't walk in the bank with one hand tied behind you bank. If possible you should message to investors on BP near your area that know about financing multifamily. Good Luck!

Hey Eric, great job on wanting to get started! From what I've read you should see what you like better. By that I mean you should visit a couple single family and multifamily open houses to see what you personally prefer. 

Saving is a slow process, but you have to trust the process. Living wayyy below your means and saving the difference to invest in real estate is how many investors got started. Big goals like investing in real state don't happen quickly, they hard work, persistence, and most importantly patience. Wholesaling is a good way to earn money to invest but you need to make time for it. It takes time to cold call and door knock to find deals. Money/time/creativity, you gotta have one fo these things. Good Luck!

You could look at each creative financing method in Brandon Turner's book on no or low money down and read books on those financing methods, it'd be a good start! Good luck!

Here's a link to Brandon Turner explaining how to use the calculator : https://www.youtube.com/watch?v=oBsDXjGzSG0

Good Luck!