All Forum Posts by: Tony Sera

@Ben Leybovich Thanks for the hint. Let me chew on that a little bit. :) I know where to find ya if I get stumped. 

@Sam Grooms & @Ben Leybovich Thank you for this thread and the play by play. Just pure gold from an educational standpoint. I currently work full time (in a non RE field), manage 5 SFR's and then do some small land development deals on the side. Been thinking about diving into a small commercial project, still trying to educate myself on apartments vs. strip malls. Just the one question I want to ask is how do you determine how much supply (i.e. doors) exists in a given area and how much supply is expected to come online during a 6 month, 1 yr and 2 yr period? Say this project you are talking about has a 3-5 year execution timeline. Additional supply can derail things and how do you monitor for that? Thanks for letting me ask a rookie question.

This is the product I ended up picking - brand called American Plank, glue on. About a buck-fifty per sqft. 

Got several SFH rentals that all have carpet coming up for renewal and after doing research on BP for a while decided to go with vinyl planks. Wonder whether I made the right choice there since as discussed in this thread, you can find laminate that is a bit more cheaper than a solid vinyl plank product. Most of the floor installers I talked to mentioned that unless a gallon of water gets dropped on the floor and doesn't get cleaned up, laminate will hold up to renters just fine. For 540 sqft the best quote (for vinyl) I got was for $2200 (including carpet pull out transitions, quarter round etc.) which is right in line with that $4/sqft prices I've seen listed on the BP forums. While vinyl planks have been the go to product for most rentals over the last 3 years, given current pricing I think laminate might be a better alternative.

Nice job sir. Great to see a fellow BP'er get these results. Keep it up! 

@Kevin C. would you mind sharing the mailing service you used? That's a pretty good price for first class postage. Good luck on your first campaign BTW.

An interesting analysis. What I would do is to see whether I would buy that property today say with a 20-25% down payment (hope Ben doesn't swing by here) and see where the numbers land. Not sure about property tax where you live , age of home (for maintenance) etc. I have a feeling you are better off selling and using those funds to buy multiple other properties with better yields.   

@J Scott & @Jon Klaus Appreciate the comments gents. 

@j Scott J - I'm working my way through your rehab book. Great info BTW. Would you mind commenting on where Texas generally falls within the rehab ranges you've listed. Thanks much!

Ha, that's a tough one. I'm all about great school districts and schools, in fact I do extensive research into the assigned elementary school for any property I consider for purchase. If they are not ranked top 20% in the State, I generally stay away. Having said that, those same neighborhoods are ones where I encountered the big dawgs and hence the reason this thread got started :)

Planning to pull up a map of North Tarrant next to try an identify that neighborhood profile - blue collar, top 20% schools and homes built after 1995 (one of my other criteria). I have a feeling I will need to flex one of those variables. 

Thanks for the homework @Hattie Dizmond , any hints would be welcome :)