All Forum Posts by: Nick Horob

My goal was to review sales data and cap rates for a bunch of markets and then drill down into a handful of markets.

It sounds like that cap rate data might not be available for many markets from one data source??

6-24 unit apartments.  At this point, I'm only looking at traditional housing.  

Purchase prices up to $3 million.

I really want to focus on identifying a few key markets to really dig into.  Would a better way  be to simply analyze general economic data and then dig into the cap rates?

Hypothetical question.  If $2 million showed up in your mail box, how would you invest it?

Where do you think you can achieve the highest risk-adjusted return in today's marketplace?  Very open ended here...property styles, debt vs equity, locations, commercial vs residential....anything is game

I simply want to see if there's anything out there that I should be learning about.

(Background:  I own 2 small commercial rental properties and have working interests in a few Bakken oil wells) 

I'm looking to get into multi-family investing.  I would like to become very familiar with 2-3 markets/sub-markets in addition to my home market (Fargo, ND).  

I would like to research macro rental data and trends for markets across the US.  Is there a data source where I can find at what cap rates multi-families are trading in all the MSAs across the country?

I know there is no free lunch, but I'd like to try to compare cap rates to employment growth (or lack of) to try find markets that offer attractive risk-adjusted returns.  

I might be feeding the wolves here but here is my situation.

I moved out of an apartment a year ago.  I was sent a bill for $600 (on top of my $300 deposit that was kept).  While I didn't scrub everything from floor to ceiling, I left the apartment reasonably clean and I took issue with many of the property manager's charges.

I sent them a letter highlighting my issues with the charges and a check for $250.

I never heard back.  I come to find out that they recently sent my $350 outstanding balance to collections dinging my credit score pretty bad.

I wanted to work on a mutually-agreeable resolution but that obviously didn't happen.  I wish they would've at least sent me another invoice before sending me to collections.

Is there anything I can do to fix the ding on my credit score?

Welcome aboard.  Fellow newbie from Fargo here as well.

Hello all,

Good evening from a warm (finally) Fargo, ND! 

I graduated from the University of Minnesota with a Finance degree in 2007.  I spent 3 years working for a $600 million Minneapolis-based private equity firm (ShoreView Industries) which gave me great experience analyzing financial statements and dealing with leveraged investments.  I now currently work as a hedging consulting for 25 large farms in ND, SD, and MN. I help them protect their businesses against inevitable commodity price volatility.

I have a long term interest in cash flow-generating investments vs the traditional stock market heavy strategy.

I have a small direct investment (a "working interest") in 6 Bakken oil wells in Western ND.  We (my mother and I) have purchased two small warehouse condos in Fargo.  I'm looking to continue to build an income producing portfolio across different asset classes.

As a side project, I'm starting a business that will connect farmland investors with farmland deals.  Our focus is going to be on using farmers to source off-market deals.  Farmers love to acquire new land to farm but it's capital intensive to buy farmland so we're going to help them find suitable investors who will purchase farmland for them to farm.  We will be paid a finder's fee for connecting the two parties and may offer farmland management services.  

I look to continue to acquire oil well working interests but also build a portfolio of rental property (both residential and CRE) and look forward to learning from and contributing to the Bigger Pockets community.

-Nick