All Forum Posts by: Anton Ivanov

@Bryan P.

I haven't owned these properties long-enough to give you good statistics, but so far we haven't had major problems with turnovers.

@Bryan P.

Based on my projections I’m not expecting the turnover to be that much higher than SFRs in a comparable area, but the level of efficiency and cost savings I’m getting with multi-families is definitely substantial.

I don’t necessarily think there is anything wrong with owning 50+ SFRs, I just don’t see myself doing that.

In fact, in the long-term, I would rather own 2-3 large apartment complexes as my entire portfolio.

@Bryan P.

Thanks for checking in!

Things are going very good overall, we actually just closed on another 4-plex, so our total is just under 40 units.

We’re slowly rehabbing existing units at a rate of about 1 per month. About half way done so far. We typically replace the tenants and raise the rents during each turn.

I prefer this approach as opposed to doing all of the rehab up-front because it allows me to start collection cash flow from day one and use the cash flow to finance all of the rehabs instead of borrowing the money.

I wouldn’t say we’ve run into any major problems. With this many units there is always turnover, but nothing out of the ordinary.

@Joseph Woods

Thanks for recommending DealCheck and glad to hear you like it!

@David Robertson @Brian Graham

Thanks for recommending DealCheck! After all of the work we've put into developing the app, it's great to see that it's helping other investors be successful.

@Vladislav Usatenko

I would definitely not recommend joining the military just so you can have access to a VA loan. I would do it for other reasons. The FHA program is similar and is available to non-military members.

@Robert Mair

It's a very valid point - management will make or break your investment, both locally and out-of-state. I'd say the key things that helped me is to only work with property managers I was referred to by other investors and establishing a very strict set of checklists, guidelines, etc. that they operate under. Basically, I manage my PMs somewhat more than most people.

@David Hall

Great quote!

@Nita Martin

Those are great goals, good luck to you guys!

@Dustin Thoms

The answer to this is quite long and I described some of my market selection criteria elsewhere in this post. 

But more specifically - Birmingham was a so-so market in terms of economy/population/jog growth 5 years ago, but the cash flow there was excellent. At the time most of my properties were more expensive and in better areas, so I wanted to diversify into somewhat lower class areas a bit.

Kansas City is the current market I invest in and in my opinion, it has a perfect combination of strong economy/population/job growth and relatively low home prices.

@Forrest Shealy

Sorry for late reply, didn't see your question.

To get a rough estimate for the rent to value ratio, just look up the average rents and divide by the average home/sale price. You can look up trends for both on Zillow or Trulia. They have sections for market research.

This will not be 100% accurate because it's across all property types (mostly SFRs), but can be used for a rough comparison between different cities.

@Alvin Sylvain

Thanks for giving DealCheck a shoutout and I'm very happy to hear it's helped you on your journey!

@Andrew B. @Jeff Mauerman @Kwadwo Boafo

Thanks for giving DealCheck a shoutout gents! Feel free to reach out to me directly any time if you have any questions or feedback!