All Forum Posts by: Andrew Caldieraro

@Erik Hatch have you had good/accurate success with it?

Propstream might also be able to do this, but I don’t have any experience with it either.

Let’s say I want to get the address of every 4-plex in a specific submarket. What service can be used for this type of work?

@Ben Dao

Have you done any land deals in the St. Louis or other Midwest areas?

@Chris Collins

Do these conferences generally focus on small MF, larger MF, syndications, etc.?

Hi,

I'm curious what guidelines you follow to determine if adding value to a MF apartment makes sense?  For example, lets say that updating each unit can increase rents by $100/month.  What is the max that you'd spend doing these value add updates for it to make sense to get a $100 bump in rent?

Hello, I am looking for podcast suggestions that discuss their strategies for analyzing markets and submarkets.  I know there are a bunch of good podcasts out there that, but for the sake of this post, I'd like to simply focus on analyzing markets.  Thanks!

Out of curiosity, what makes Belleville harder to deal with for rental properties?

I see a lot of properties that are for rent right now in Collinsville. I live here and I don’t plan on investing in Collinsville. The taxes are higher. You can buy cheaper here than in some other neighboring towns, but we all know how that goes - It’s for some people and not others, just like investing in north county is. There are a couple smaller multi family properties for sale, but $500/unit/month isn’t worth the risk and headaches to me.  

I think it’s easy to say, after the fact of owning rentals, starting off with flips or larger multis is the best route. For me, I wouldn’t do either starting off. There is too much to know about multis and flips (what’s the property worth, what rehab needs done, how much will the rehab cost, how to screen for tenants, do you know a property management company, how to successfully run the business, etc). I would recommend starting with a turnkey or close to it. Then scale up from there. I don’t see a problem with building your business with more units quickly, but I’d start off fairly basic (1-4 units) until you learn the ropes. I might be more conservative, but I certainly didn’t want to get burnt due to my lack of knowledge.

I’ve put required 25% down for Freddie loans on the few properties that I have. There is a maximum of these loans that you can have, I think it’s 5 if I remember right. I wouldn’t be leveraging more than that until I know the game better. Plus, these loans have low interest rates.