All Forum Posts by: Alex Forest

 Thanks Paul. I don't tend to like the idea of keeping 'that' money in the stock market either.  I just checked out the I bonds and they offer a remarkable 9+% right now. That won't be likely long term but that seems very nice for the time being. Thanks for the ally reference, I'll have to look into that and it may be a good place for a relatively stable constant amount of reserves that I'd like to keep either now if I don't instead go for the ibonds or in the future.

 Thanks for the ideas, including in regards to the CDs.

@Dave SkowI looked into it some and there are CDs at 3.5%. Better than nothing but still not with a whole lot . I use checking functions to keep accounting separate for the LLCs (and personal) and each checking account has a minimum of a $2,500 balance to avoid a slight monthly fee. Which across several LLC accounts means there is cash sitting there.

Im stating to rethink the setup and perhaps holding in an S&P index enough reserves is a better way to think about it. I liked the idea of 'cash' in addition to other stock holdings, but theres got to be a better place for the sitting cash.  I need the functions of a checking account (checks and separate accounting) but maybe need to rethink it and use a single account and then push the 'cash reserves' somewhere else like the stocks....if I think the minimum will likely be there for many years as a safety which I do.
Thanks for sharing your thoughts.

Quote from @Jerryll Noorden:

When ever I see posts about DMM, cold calling, Text messaging, etc. etc... this is what I instantly visualize...

Remember "Lada's"?

Back before you were born those were a thing. One of the crappiest cars ever build in my honest opinion.

So imagine you want to win the Grand Prix, and for some really crazy (stupid) reason you want to enter the race (and win) with your 0.758 Horse Power Lada

Dude, it literally Feels like my phone is screaming at me when I'm reading your messages.

Also, I dont recall the lada, but do the pinto.

@Mike Dymski

That makes perfect sense and resonates with me. Thanks!

@Brad S.@Kim Meredith Hampton

Thanks!

@Paul Moore @Mike Dymski @Matthew Masoud

Im curious to get your take on this...probably same as above responses...but with rents having increased in many areas by 20 plus percent, there are multis with baked in existing leased rates that quickly became under market.  Im seeing a few ten unit type properties near us that have 2 bdm leased rents at $750, with market rents legitimately at $1100, and of course the proformas are using market.  And the asking price, similar to the original post is based on the proforma.  It is work to find new tenants with turnover, etc but also not large capital intensive renovation costs to get the rents up, it is just adjusting to market rents and dealing with the turnover.  Just curious, do you all still see this in the same light, using actual to price (after all, they could have raised rents and delivered it in that state for a sale, but they didn't) or slightly above actual (but not all the way up to proforma rent assumptions) considering the low capital costs involved?

 I hope you don't mind me piggybacking onto this to ask a question. The post title 12 unit caught my attention because I just looked at one yesterday.  This is probably a silly question, but are multi buyers usually represented by a commercial agent like they typically are for a single family, with both the seller and buyer having a separate realtors to work with?  I met with the commercial agent yesterday to show the property and they are representing the seller. I am also working with a commercial lender.

@Robin Carriger From what I've seen (read), which is certainly incomplete, the ibuyers concentrate on specific cities or metro regions. They can be quite concentrated in a certain metro, but overall they seem to focus on a small minority of total metro areas (I could be wrong but think I recall seeing such a map)...., if you are seeing a lot of that activity, you may be playing in one of the same few sandboxes?