All Forum Posts by: Ben Gerald

Sorry @Robert Crossley, maybe that is my newbie speak coming out, but you did answer my first question that you used full potential rents and then discounted them in the vacancy expense. I was thinking maybe you could be more conservative with your numbers since you won't get full rents yet, but I think I am splitting hairs since that is a conservative number when you have 23 long term leases already in place. 

As for the second question I had the same thought from the information you gave in your first post about not really having any capex to worry about. In my line of work we look for things that will need to be replaced in business or property regularly so I was curious on how you viewed that expense.

Wow Robert - I can see why you would like that deal as well. I had two questions for you. First, wouldn't it be better if you used the actual rents in your calculation instead of the potential full vacancy or are you confident you will fill that up here soon? Second, this is more general question to understand your point of view on the capex expense, but do you only figure this expense only for deals that have shared utilities or for most of your deals?

Thank you for the reception! I really appreciate it!

Hello to my favorite world of real estate investing! My name is Ben Gerald and I am announcing that I am not going to wait anymore and I choose to move forward to become a great investor. I am currently working as a underwriter for commercial loans (many of them real estate deals). I have always been wanting to get into the game but I let various reasons stop me from doing anything meaningful (even after spending thousands to learn). I came across BiggerPockets while I was searching the internet for a place to ask questions and learn more about real estate.  After just one minute of reading on the BiggerPockets beginner's guide I found more information than I have read and learned in years of study. And the best of part? It was posted for free for the whole world to see. 

I am currently looking at investing in the mobile-home sector in Utah to start my real estate empire. I am wanting to meet people in this industry, build my team and business, and have fun.

Hey Paul,

I don't have the insight from a experienced RE Investor since I'm in the same boat as our friend @Brady Jones. However I wanted to ask you of what you meant by automation. Do you mean a process that 'automates' the rehab portion of a Fix&Flip or automation technologies where you control your coffee pot from the other side of the world?