All Forum Posts by: Benion Horton

Hi Mason. I’m in the same place in my REI career as you are. I’d be happy to meet up and discuss ideas sometime. I’m in Monroe often for my work and live nearby on Providence Road in Waverly.

I’ve had good success with AirBnB with a vacation home and have been considering getting a Property near uptown Charlotte based on my experience. I’d be interested to hear any other’s experience as well.

Hey Michael. I’m nearby as well. Starting my foray into REI. Planning to make it my second career. Focusing on Rehabs and rentals. I’d love to meet up and discuss how we could assist each other in meeting our goals.

Hello. I am also in Charlotte and using 2018 as my year to fully engage in REI. I would be happy to meet up and discuss common goals and ways that we could assist each other. My main focus is going to be Rehabs and the BRRR approach to rentals.

Sorry I was late but I was able to learn a bit in the limited time that I had. I would be open to a monthly meeting.

I can't be there before 8. Hopefully still going I when I arrive.

Originally posted by @Scott Weaner:

Thanks for the input. I am looking for cash flow primarily. Does anyone remember the tool that was available here?

Are you referring to this? http://www.biggerpockets.com/real-estate-investmen...

I have also been using this site: http://www.realestateanalysisfree.com

Hello,

While we have been owners of commercial real estate for 7-8 years, we are now looking at expanding our horizons and seeking to buy and hold smaller multi-family units (2-5). An excerpt from our (in progress) business plan is included below:

• 20% cash down
• Capitalization Rate of 8-10%
• Cash on Cash Return of 11%
• Total Return on Investment of 15%

I have been unsuccessful in finding any real good solid guidance on expectations/goals for the above parameters and also IRR rates. From what I have read, if we can get these parameters to be better than historical stock market returns, then we would be coming out ahead from an investment standpoint, thus the parameters that we established above.

From my limited searches on Realtor.com thus far, there are a few properties that could meet the defined criteria above, but have found that the Cap Rate is probably the hardest one to hit. If all the other parameters are met, does a lower Cap Rate affect my overall investment performance?

Are there any additional parameters that I should include in screening properties, and if so, what rates should I seek?