All Forum Posts by: Tommy Chan

It's difficult to assess when to buy or wait; everyone has a different criteria for investing.

Do you want cashflow or are you trying to buy and flip? 

Is it going to be longterm or shortterm?

What kind of financing terms are you planning to get?

If you buy now and tenants don't pay do you have enough reserves to pay the mortgage?

Will you be able to sleep peacefully with your decision to buy or not buy? 

You will not save interest charges by paying before the due date because interest is not calculated on a daily basis.

Even though you won't know everything; make sure to still move forward.

• Learn something new about real estate investing daily
• Look at properties
  
• Analyze deals
  
• Learn about bank loans
• Remember it is a journey and be patient 
  

get a lien on the brokers home for 650k?

website of tax rates https://www.mortgagecalculator...

This is really where experience plays a role. The more properties you view the more accurate you will be able to estimate the cost of rehab.

Perhaps partnering with an experienced rehabber will shortcut the learning time needed to estimate rehabs.

yes you will find a home that will be a cash flowing rental, keep looking and looking and looking. 

@Matthew M Spolsky congratulations on moving forward!!

Make sure to do your due diligence. Keep us updated on your progress. We are rooting for your success.

Find an insurance broker and get a quote

Ask selling agent for seller's insurance declaration

why do you need motivation?

do you need someone to babysit you or can you hold yourself accountable?

do you want to keep living how you are or do you want to create a better future?

will you keep living with excuses or are you sick of them?

get mentally tough and just do it