All Forum Posts by: Bjorik Mutize

@Richard Cole

I usually see exactly that. Usually a lot of owners can not justify the 8% vs self management.

I consider the 8% vs your time/efficiency. Especially if you are up there in units.

I agree man. I think a lot of folks are missing your last tid bit of "especially when getting started"

@Dominic Cordaro

Joe Fairless has a lender/investor with a speech impediment on his podcast. Great story/advice.

Episode #1755

 You lucky guys down south. Sounds like a fun project. Could you even parcel off and sell of the excess portion to someone else? More money in your pockets...Anyone experienced with land want to jump in here?

You could say that is tenant responsibility, but you would probably want to contract it out.

@Renée Volny Darko I did for year 1 and then after I included full rent assumptions. It’s great to run a 5+ year simple model

Knowing how to properly finance your investments can make or break a deal. Come join us as we have a specialized mortgage and multi-family expert, with dozens of credible investor clients in MSP, speak to us on how we can property set up our financing to create deals. Also, they will share their experience in growing a multi-family portfolio in our hot market. You don't want to miss this event.

@Caleb Heimsoth That was the first thing i thought of, Grant Cardone lol. He has scaled back on his recent's and if my ears were't broken i think he once gave advice on a 4 unit. I think my ears were broken though

But yea find a partner that can balance the equity you need, or find an investment you can leverage with your current position of capital.

11 showings this past weekend only??? Feel confident you are crushing it if that's just a weekend.

If you are feeling good on how long your property is listed vs your market's DOM, price vs competition, amenities vs competition you'll be fine.

But yea maybe get those small cosmetic items addressed. 

In my opinion,

Love the amort provided on 30 years. 

30 year, fixed rate, low interest. Nothing better.

No rush to pay these things down!

Cash flow; I've been taught to consider that this is after your expenses and your debt service. Is that where you are getting your $200?

To some, with what i mentioned above,  cash flow $200 a door per month is actually relatively good on a duplex. Especially with some ability to raise rents. You mentioned other great qualities such as area, schools, neighborhood, etc. With what you gave me i like the property and i think it is a safe investment.