All Forum Posts by: Lorenzo Bernasconi

Hi,

I'm completely new to the real estate investing. I live in Brooklyn, NY where I don't see how it is possible to make money on a buy-to-rent strategy.  Prices are simply too high.  However, I have been exploring Minneapolis where property prices are much lower and yet there appears to be healthy demand for rentals as reflected in pretty good cap rates and low vacancy rates. 

What are (more experienced) people's experience of the market?  Would you say that it is a good place to look to buy something in the next 3 -6 months?  Is there anything that I'm overlooking in my brief analysis above?

Thank you,

Lorenzo 

Thanks, Jon.  Very helpful indeed.  Another quick follow-up question: if I am thinking of hiring a property management company, is there a rule of thumb for how much I need to increase the 50% rule?  e.g. up it to 55%?  Thanks again.

Great -- thanks very much.  This is very helpful.  Even a 1% rule though seems like a lot for NYC.  Would it be imprudent to invest in anything less than this?  Thanks!

Hi, I'm new to real estate investing and came across the 2% rule for investment properties. I'm looking to invest in NYC (5 boroughs) and can't see how this rule of thumb applies. Purchase prices seem so much higher as to make this target seem impossible. Any advice would be much appreciated! Thanks! Lorenzo

Thanks for the prompt reply.  Ideally, I'm looking for an excel model.

May I also add to my question above: I would love to be able to incorporate into the analysis the option of an FHA loan vs. a normal commercial loan.

Thank you so much, 

Lorenzo

Hi there, 

I'm just starting off on my real-estate investing adventure and am wondering where I can find a comprehensive Excel model (for free) that will allow me to analyze the purchase of a multi-family home.  In particular, I'm looking to understand how much I would need to charge for rent in order to cover my financing expenses as well as understand how this might compare to other scenarios, e.g. purchasing a single home.

Thanks!

Lorenzo 

Great -- thanks very much!

This is very helpful.

Hi,

My name is Lorenzo and I'm brand new to this forum. I'm very keen to purchase a first home for myself and my family and am trying to learn the basics. I see that the LTV is sometimes stated for the current owner of a property. Why would this matter to the potential purchaser?

Many thanks!

Lorenzo