All Forum Posts by: John Alder

I am part of a group of investors in Austin. We invest in multifamily properties 4plexes in poor neighborhoods. We have three 4plexes that we are interested in hiring a property manager for people who specialize in poor neighborhoods. We are looking to move quickly. over labor day weekend, we are looking to interview folks. please respond if interested.

hello any recommendations on property managers in Killeen, TX? Thanks John

Hello

Trying to understand how much dwelling coverage i should carry on my insurance for my 4 plex. if a calamity happens and i have to build the property from scratch again, how much would it cost me $ per sqft. 

Thank you Steve!

Have 3 properties. Any recommendations? want someone who has experience with poor neighbourhoods. 

Dawn, thanks a lot for responding! How are the vacancy rate usually? or does that vary greatly based on the area and zip? My goal is to invest in properties that meet the rent to purchase price of 1% ratio and have not more than 10% annual vacancy rate across the 4-plex total

For investing in multiplex properties, is Dallas a good area to invest in? Any specific zipcodes to focus on?

Russel, J Beard, Brendan. Great comments. Please keep them coming!

Thank you very much Brendon! The area am targeting about has poor folks. I guess they wont have much choice on schools anyways since they dont have much have a choice i  guess on schools. in addition, they may not have the deep pockets to pay higher rents for the areas that have great schools. 

Thoughts?

hi everyone

This is my first time investing in real estate properties. How important is it for multifamily properties to be attached to a good school? i am personally not going to be living there. the property am looking at has good rental history and i hear that there is always people ready to rent and the net cash flow is positive.