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All Forum Posts by: Adam Miyata

Adam Miyata has started 0 posts and replied 4 times.

Post: can you help with this scenario........

Adam MiyataPosted
  • Salem, MA
  • Posts 4
  • Votes 0

Hard? Yes.

Impossible? No.

Sorry, I know you addressed the question to Mike, but I bet you he'd agree.

Try: Massachusetts Real Estate Investors Association - MREIA
http://www.biggerpockets.com/real-estate-clubs/massachusetts.html

First listing has monthly meetings in Peabody. I'm planning on going to next weeks meeting.

Post: Looking at a property

Adam MiyataPosted
  • Salem, MA
  • Posts 4
  • Votes 0
Originally posted by "troyce1":
Don't the 50% and 2% rules contradict each other sometimes?

The 50% rule? Did you mean the gross rents x 50 rule?

Post: Quickie, investment #'s question.

Adam MiyataPosted
  • Salem, MA
  • Posts 4
  • Votes 0
Originally posted by "keithsan":
Thanks again Mike and wheatie.

MIKE OH: I know you like the 2% i'm in the boston area and using 1% to catch a number and follow the place. currently about 110% of properties are under even the 1% so I dont have many to check out. (I'm not jumping in to losing deals either)

WHEATIE: thanks for the attachment and #'s when I get out of work I'll check that out. #'s are too complicated here where I cant focus.

Thanks again.

Yeah, the Boston area is tough huh? I've read MikeOH's book, and it seems like, at least in this area, the hardest part is going to be finding a positive cash flow deal. You're lucky if you find a SFH for <$200k around here...