All Forum Posts by: Ben Moccia

Looks like you assumed fixed costs of vacancy, maintenance, and CapEx each at 3% of rental income. I would do some more research on these numbers for your specific market. For example, I believe the average vacancy rate in the US is about 7% but varies by market. Maintenance and CapEx should be determined based on the condition of the property (ex. does the roof need to be replaced soon?) but 3% seems low IMO unless the property is new construction/ renovated. I would do some more research and be a bit more conservative with these assumptions to make sure they don't come back to bite you.

Ok, that makes sense to me- thank you for the tip. Appreciate it!

Thanks for the reply Eliott. As stated in the post, I have not begun to prospect yet. Are you suggesting that I find a deal first, then look for a JV partner?

I was intending to look for a partner first, then find a deal to work on together with them. If I find the deal and negotiate it myself, I don't see how our partnership would be mutually beneficial. Would you mind explaining a bit further?

Hi everyone,

My name is Ben. I am a 19 year-old from the greater Boston area attending Fairfield University in Connecticut. Like many of you, my dream is to own an empire of income-generating assets. After listening to BP podcasts, reading books, and watching videos for years, I am finally ready to take my first actionable steps. 

My plan is to begin wholesaling off-market properties to cash buyers. This seems like a great way to not only take action and begin building capital, but also to gain skills and expand my network. Once I learn how to find deals and have enough capital, I can choose whether to wholesale, fix and flip, BRRRR, or buy and hold.

I have the time, the drive, the curiosity, and what I would like to consider a working knowledge of the industry; all I need is experience. I want to find an investor to JV my first deal with, who can help me learn the ropes in exchange for a share of the profit. I am also open to any suggestions, advice, or actionable tips that any of you may have for me.

Comment below or shoot me a DM if interested.