All Forum Posts by: Shea Alexander

Welcome @Quintin Jones!! Feel free to reach out if you have any questions I could help with. I've been a realtor for a couple of years, but am new to REI myself.

Thanks Drew. What type of REI do you specialize in?

Thank you

John Kunick a house hack is just the term I've heard used to describe purchasing a 2-3-4 plex and living in one unit while renting the others. Yeah, I'd prefer to buy and hold too really...but I don't have access to the capital that requires. We'll see though, like I said, I'm just starting to learn this side of it.

John Kunick I see you're from Broken Arrow...good to hear from a fellow Okie. Do you mean literally where? The OKC metro is where I'll be looking. If you meant more like what vehicle, I'm going to focus first on low end fix and flips and maybe do a house hack too.

Disclaimer, I am new to the investing side of real estate...but have been a Realtor for a while. My two cents would be that the relationship of sales price to list price is COMPLETELY irrelevant. The house will always and only sell for what someone is willing to pay. If the house needs significant work and sells for X dollars, then after repair it will very likely sell for X plus. The notable exception would be if the "fix up" made the house an outlier in the area, then getting your money back will be more difficult. The list price, although not arbitrary, is ultimately just someone's best informed guess at what the home will sell for. After that, the Law of Supply and Demand is king. Rather than concern yourself too much with the list to sale ratio....spend your time researching inventory for comps and trends for prices and rents. A general rule that works in my market at least is if inventory is less than 6 months, it's a sellers market and prices will be higher, the opposite is true of over six months.

That's great info...thanks, I've been reading ever since you posted it!

My name is Shea Alexander. I've been a realtor for about 2 years and now want to transition that experience into REI opportunities. My main question to start is this: does this group have straight content to read and study, or is all the info found in the forum threads? Either way, is there 1 or 2 books you'd recommend as must reads to start with? Thanks in advance...everything I've read so far seems that most are very willing to help.