How can I find a mentor or an experienced investor to pick their brain? I’m at the stage where I’ve learned pretty much what I can about buying long term rentals but have never pulled the trigger because all the properties I analyze are bad deals IMO.

like
Posting as :
works at
You are currently posting as works at

You will eventually have to pull the trigger. As long as your first deal cash flows with a decent buffer then you’ll learn a lot for your next deal and so on

What do you consider a decent buffer?

Just keep looking. Find other markets. Not many deals out there but if you’re quick and willing to pay for an “okay” deal, do it. It’s super hard to find a home run deal now

Well, there has to be more to that then just positive cash flow? Doesn’t seem worth the investment if my total invested money is 150k and only getting back 300/month

I’ve very much been been wanting to pull the trigger, but don’t want to buy a bad deal.

I’ve looked at deals where even at 20% down for a duplex or quad, it would either negative cash flow or barely make any. They try to sell the property based on pro forma numbers which are completely optimistic. Some brokers have told me that the previous owner bought too high and want to make money on their exit. Don’t feel comfortable pulling the trigger on those properties. That’s why I want to find an investor to see how they are doing it/what I may be doing wrong

What market?

Thanks! I DMed you

Related Posts

Any other big law office managers on here who are figuring out hybrid work schedules for staff, or already implemented them? Would love to chat.

like

Come play. Use your favorite holiday food as your name

WKEEIF

like

Is CQF useful to get entry level Quant job?? for non quant undergrad.

like

What is the average compensation range for Staff software engineer in mckinsey digital...having 12 years of experience in Cloud and DevOps technology.

like

Urgently need referral for TIAA
YOE- 3.4
Tech Java Spring microservices backend
Fintech domain
LWD 1st Sep
Location Pune
Thanks

Looking for referrals for production support and developer roles
Skillset: Linux/Unix, shell scripting,
Oracle DB, SQL,
Development: C, C++, COBOL, Java
Anywhereworks

like

Fishes, please share what's the role of SA-projects in cognizant?

like

Hey guys - does anyone have recommendations for Indian wavy 5x5 or 6x6 closures? I was going to order off of Amora Renae (https://www.amorarenaecollection.co/product/thin-swiss-lace-5x5-closure/) but they aren’t restocking. I’m still getting bundles from them, but clueless on another solid company that would have matching hair (friend is making me a wig bc of a natural hair crisis I’m having, I’m absolutely clueless when it comes to anything like this)!

like

How often do you read the news and which sources do you use? 🌍

like

Hi Guys,
Can anyone help me with an information on how EY INDIA provides variable to employees. I know it's 0-20%, so is it monthly ? or what kind of measures they consider in order to provide variable pay.
Also, suppose the package is 6 Lakhs, so can we say that the package is 600000 + 20% of 6 Lakhs = 720000. (As EY has 20% variable Pay)

Thanks in Advance !

like

Is Microsoft on Hiring Freeze for the Network Engineer role(SE-2)?

I have cleared the interview and HR confirmed that I have been selected, but it's almost two months since I haven't received the offer letter from them. Usually how long the process would take?

What is usually the role of an Office Manager. I need to set up interviews and are yet to establish the duties, dont want to give too much duties and also not too few. Any advice?

like

Has anyone gone to see a nutritionist? What was your experience like? Worth it?

like

Hello,

Please refer me at Accenture for any roles in tech/consulting for given skills.

YoE: 1yr
Skills: Google Cloud(GCP Certified Associate Cloud Engineer), Python, AWS & Azure (working knowledge), Docker & Kubernetes (beginner), PySpark, Terraform, Linux.

Current Role: Associate Software Engineer
Current CTC: 4.5 LPA
Expected CTC: 7+ LPA

Thanks!!

like

I want to know whether Ashok Meadows in Phase 1 of Hinjewadi is built on lease land or land is owner by the builder?

like

Why for Account Management there so many interviews?? why 4 or 5 rounds??? It is only sales???

like

Help! What is this? Mislabeled at garden center and name is on the tip of my tongue...

Post Photo
like

Do you have a money or business coach? If so, what kind or how do they help you?

If you don’t have a coach, what would be your criteria or circumstances to consider investing in yourself through a coach?

like

Anyone else feel stress every morning about whether your coworkers are going to invite you to lunch?

like

Additional Posts in The Real Estate Bowl

Thinking about buying my first place in a year or two, but will still have roughly ~100K in student debt. Is it unwise to purchase a home with that much student loan debt?

like

Looking to buy a 900k condo in a prime location (3 bedrooms). We have a family income of 210k and have been approved by the bank with 20% downpayment. We have zero debt other than current mortgage but we will sell the property. We really want it, but even though we were approved I feel like its a bit over the top.. anyone has any insight in terms of our ratios?

like

Can you refinance an ARM mortgage before the fixed period ends? If so, what stops people from taking advantage of the lower rate in the beginning and just refinancing later (assuming they are getting better rates when the refinance?)

like

How bad is this Airbnb crash going to be? Can’t be as bad as GFC, right?

like

How do you judge a low ball offer with how the market is changing? Earlier this year, you would look at comps and say this is the value. Now with rates going up and people pulling out, how do you justify the value? (View point from the buyers end)

like

Has anyone here bought new build townhouse before? I'm about to close in 2 weeks and the contract states that nothing can delay or stop the closing even if something needs repair. If something needs repair, they will fix it while we're living there. And we have warranty for everything for a year. So my question is, should I just save money and have an house inspector come until 3 months before the year is up?

like

Hey all ! Need some guidance . I am planning to buy 2bd ,2ba in Atlanta near grant park , Inman park , reynoldstown , cabbage town , OFW area . Budget is 250,000 to 350000. It is more from investment purposes than anything else . Also my thinking is that buying place near belt-line will promise me better returns . First timer, on h1b and a female (single and no family ) if that helps . Need some guidance on my thought process and also referral on a real state agent

like

Moved into first home and planning to flip in couple of years. Does not want to spend much on blinds.From where I should get the cheapest blinds?

like

Hey all I have an opportunity to buy a vacation home as a private sale from my parents (they are buying a new house in that area and need to sell the old one), it is waterfront property in NH 10 minutes from Mt Sunappee. I am concerned that making this purchase may make me a little cash poor in the short term, but still manageable. Would it make more sense to rent out the property through a rental company that included insurance and cleaning or to put it on airbnb?

like

I’m looking to buy a property in Costa Rica or Panamá, any tips on banks that do international mortgage?

like

Look! House prices are coming down in the Toronto area! Owning a decent home seems almost attainable now 😭

Post Photo
like

Anyone cash flow positive on an investment condo in Brookline/Brighton?

like

To all my new construction home buyers or people with an eye for interior design. I just purchased a new build and have the ability of selecting all of the interior (floor type, carpet color, cabinets, back splash, counter tops etc.) Any advice on how to select timeless finishes vs trendy? What are things I should avoid?

like

First time home buyer here…my wife and I make a combined income of $282,000. Her current townhouse payment is $1900 a month. How much can we realistically afford for a new house? (~550K)

like

Anyone have experience with real estate in Boston? Im a first time home buyer and I’m looking to buy spring/fall 2021 (timeline as I’m currently on international tour) and feeling quite overwhelmed. I have about $175k saved and very good credit score at the moment (over 800). Even with this I feel everything is insane in this city! Any advice or tips that you can share with me please?

like

Anyone in the DMV area and interested in joining a young RE investors club?

like

600k cash, 250k/ yr TC, would you pay off a one bed condo and be mortgage free? Or mortgage additional 300k to get a 2 bedrooms?

like

If you live in HCOL area where homes are at least a million. Where do you get the 20% downpayment besides saving cash which takes time. Stocks are down cant really sell. We love our neighborhood and lots of homes in the market now but dont have enough cash for 20%dp, i’d like to put more dp so monthly mortgage is withing budget.

like

Been house hunting for quite some time. Keep getting outbid every single time. Just found something within my price point, but is new construction. Should I go for it? Do new builds hold up their value long term (10-15+ years)?

like

With yesterdays rate increase, and an additional 3-4 increases slated for the rest of the year, how high are mortgage rates going to be through the end of the year?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal