All Forum Posts by: Alexander Hogarth

I guess the opposite would be a bird dog… but what is it called when someone builds buyers lists and that’s it?

What do you call someone who focuses on building buyers lists without assigning contracts? A fund/operations manager?

Always wondered about this... because the industry so often presents as focused on finding deals

I can help - but must ask, what exactly are you trying to calculate; your cash-on-cash return or whether you´ll be able to pull out your intial capital investment?

Curious if anyone has built a niche list of remote BRRR investors? How did it go?

I´d be down!

I´ve bought a portfolio of 14 SRHs before... used a combination of seller financing and a commercial blanket loan. The overall returns for your investors should be in the mid to high teens ideally. How you structure it is up to you, I think deciding on your preferred exit strategy before going into the deal (or even looking for a deal) should help with deciding how you want to structure it.

Just curious to hear if anyone has experience with BRRR projects in central Illinois? I´m looking at Peoria right now

Many to choose from, so curious to hear what your favorite way to find motivated sellers and discounted inventory is? What does your dream deal pipeline look like?

I´ve tried a few different sources, but interested to hear what other investors like to do!

I took $100,000 and bought a 14 unit rental portfolio in Kankakee, IL - as a non-resident, foreign national (I was living in Norway at the time). So if I can do it from a different country, I think you can do it from California! :)

One thing that´s great about investing out of state (or internationally in my case), is it forces you to choose rationally depending on your strategy as an investor.

Generally speaking I´ve found slower growth, tertiary markets in the mid-west, that rank high on the affordability index, best for cash flow ROIs. And there´s less risk of boom and bust, as we often see in larger secondary cities.

I´d recommend trying to keep the property values over 67k per door, that will make re-financing with commercial lenders much, much easier when you own more than 5 units. It´s basically impossible to get commercial blanket loans for rental portfolios when the value per unit is lower than approximately 70k (that´s presuming you can get 75% LTV, which I found was the norm with commercial loans of this kind).

A mixture of commercial blanket loans and creative owner financing has worked well for me so far, keeping my cash-on-cash return high.

I pay myself as the business manager for my rental investment portfolio - but it´s a fixed amount and documented with a contract. So it´d be similar to that, but just more paper-work. Plus, as I think other people have commented, you´ll have to pay tax on the rent. Unless it´s cancelled out by your depreciation write off.