All Forum Posts by: Timothy Johnson

As we all know the economic "crisis"/recession that we are in has greatly affected many areas of real estate by bringing down prices dramatically. My question is what % would you average prices of residential houses have dropped from ~2006 to today. Let me know what state you do business in as well as an estimated percent decline in residential house value. I am specifically interested in Massachusetts but any area will be helpful.

Thanks!

-Tim

"What would you do if you knew you could not fail?" - Anonymous

I don't understand how the price that I pay for an investment is going to automatically make it a poor investment. I understand that the less I pay initially, the more money I will ultimately make but even if I purchase at market value if the rent covers my expenses and mortgage cost then I will still receive cash flow. Even if the rent only covers half my mortgage and I pay the other half myself isn't the tenant basically buying the the house FOR me? Of course there would be no cashflow until its paid off but I'm still being matched dollar for dollar by someone isn't that a good investment in itself?

-Tim

I am curious as to wether you guys agree with the idea that an RE investor should only take on investments in which he/she will make their money going in. IE buying RE considerably under market value. Of course this is probably required if your interest is flipping but what about those who want to buy, hold, and rent? Because technically one could purchase a REI at market value and still make money through renting ect. Is "making your money going in" a requirement for those of us who want to rent out with a long term goal in mind?

Thanks!

How do I find local REIA meetings? (I'm from Mass) Also how do I locate REI Groups? Are there ways to tell if they are legitimate or not? I have also read that being a bird dog is a good way to become familiar with how the industry works, is this true? If so how can I begin to bird dog?
In essence what made you become involved in the industry and how were you able to get your foot in the door? Any regrets or things you wish you had done differently?

Again thanks alot,

-Tim

I am a young (soon to be) real estate investor. I am a freshman in college and currently pursuing a degree in business. I want to get involved in real estate investing as soon as I graduate, but for now how should I go about looking for a company/investor of whom I can intern for? This would only be a summer time proposition and I can go without being paid. I am primarily concerned with educating myself and gaining experience. I'm very interested in landlord opportunities but want to know all facets of the industry. Renting/Commercial-Renting/Wholesaling and Flipping.

Thanks guys,

-Tim