All Forum Posts by: Mike Bargetto

Hi @Robert DuBois what is your main objective other than getting into the game? Cash flow is always my main purpose with long term rentals, as it should be. If you are willing to inject a couple hundred dollars a month into the property what is that doing for your wealth? Does that accelerate it or prolong it? Remember that any mortgage will be paid off in 30 years, some of them throw off cash flow and others eat cash flow. I recommend looking at this differently than you are right now. 

Furthermore, you are about to get into a market with rent control and that sort of government regulation can make your life a lot more difficult. Since this is your first investment of this kind I would also steer clear of such a large financial demand in this market where the asset does not and will not cash flow. Also, some people do feel we may be at the top of the market.. Feel free to DM me if you'd like more details. I'd be happy to help further. 

~Mike Bargetto  

Thank you for the great phone call and kind words @Jenifer Levini Always great to chat with you! Conservative shouldn't fit any CPA's style, either! Be aggressive! Thank you. 

@Jenifer Levini and @Hannah Jones I have a great CPA that I use and I am willing to recommend. He is very well versed in REI. He has also been setting up new LLC's for us along with payroll for my company. He is dialed.

Feel free to shoot me a DM if you are interested. 

mB 

Congrats on the big news. This is very exciting. I have not read every other comment so I hope this isn't redundant. I would want to know my return on equity on these assets. I imagine in this market cycle the return on equity, or ROE, is very low with values being so high. If that is the case then accessing your tied up equity through a HELOC just makes for expensive money with the upside of staying in the property relatively low. Consider selling off some of these assets to redeploy your capital with a higher ROI. Enjoy the process.

@Mitch Messer I just sent you a DM. Thank you in advance! 

I am looking for purchase and assignment forms for the state of Missouri and I am wondering if anybody could direct me in the right direction. Thank you in advance!

This looks fantastic. Great job. 

We are looking for a contractor to help us rehab 2 of our rentals in Indy. Does anybody here have a suggestion for a GC that shows up and follows through? Thank you!

Mike

 Thank you. I knew it was already sold, I was simply curious about your numbers. I just sent you an email about any available inventory. Thank you Subbie!

@Subbie Kaur  Are these numbers correct? 3/4 are occupied now bringing in below market rents. Market rents for the entire building are $200 more at $3100? Thank you!