Saturday, November 21, 2009

Cashflow analysis class by Douglas Rutherford CPA


About 3 to 4 years ago when I first started to learn about real estate investment, I was looking for a software that would help me organize my thought as well as keeping track of all the numbers when analyzing a "buy and hold" or cash flow real estate deal. I found a couple of such softwares and eventually I decided on using the "Cash Flow Analyzer Pro" designed by a CPA named Douglas Rutherford. The software was reasonably priced and it was perfect for my need. I used the software to analyze many multi-family properties that I was interested at and it was able to generate some impressive reports after I entered some numbers. Well fast forward 3 years to the present when I learned that Douglas Rutherford is coming to Los Angeles to teach a class on using his software to analyze properties, I signed up immediately for it. We had about 16 students in the class, all of us with laptops loaded with the software so we could all have hands on training with it. I was able have Douglas to answer many of my questions on using the software as well as learning from the questions that other students asked. The information I learned today will undoubtedly help my to better analyze my future real estate investments.

Disclosure: I do not receive any form of payment or referral fee from either Douglas Rutherford himself or his company Rental Software.com LLC. I recommend this product simply because I think it's a wonderful tool in helping investors analyze any buy and hold property.

Monday, November 9, 2009

The confession of a new real estate agent

I confess, I never thought about becoming a real estate agent. I used to hate real estate and thought it's boring. The idea first came across when my mom asked if I would like to learn about real estate from my late uncle, back when I was still in high school. Of course being a teenager completely hooked on to his video games and computer studying real estate would be the last thing in my mind. Now fast forward the time like 15 years or so, after I've graduated from high school, college, and graduate school, after I've started working as a pharmacist for several years, I came across a book that forever changed my life's course. That book, for many people who know me know, is Rich Dad Poor Dad by Robert Kiyosaki. The book has awaken my inner desire to become an investor. I started to study both real estate and stock investing seriously. While I was reading all the different real estate investment books I came to realize by becoming a real estate agent it may give me an advantage in the field of real estate investment. And that's how I became an agent. My goal is to use my knowledge to help myself as well as the others investing in real estate. This will differentiate me from the other real estate agents as my goal is not to make a living out of my commissions (although it's always nice to make some money along the process!).