All Forum Posts by: Brad M.

CoStar has one. http://www.costargroup.com/costar-news/details/composite-price-indices-for-commercial-real-estate-soared-in-2015

The main reason, at least for me, is that a lease works both ways. It is a legal agreement that gives the tenant rights as well. If you end up with a bad tenant, you may end up having to evict instead of just not renewing the lease. I would think it is the same principle for those landlords that prefer to use month to month leases instead of year leases.

@Account Closed You are correct. I was reading it as what is the gross amount paid based on. Thanks for clarifying.

@Tyler Turpin It is based on the number of bedrooms.

@William Travis Wall I also suggest that you listen to the podcasts while doing your daily driving or at the gym. You don't have to listen to them in order, just look through the topics and find a few that interest you. I've found that I am always re-invigorated after listening to them. 

@Ty Monroe If you want to get into REI, I recommend that you manage the other units. Certainly special challenges living in the same property as your tenants, and others that have done it could speak to those cahllenges, but if you want to get into real estate, you'll learn a lot more by managing it yourself.

@Luis Medrano I just sent you a colleague request.  

Google "ccim dcf analysis excel". CCIM has a very useful tool that I use often.

@Luis Medrano   I pay about $1,000 for a quad that is worth about $350k. Shoot me a message if you want the contact info.

@Joshuam R. It turned out quite well. Ended up purchasing in Oct 2014 for $320k. Rents have been raised from $700 to $875 with no additional improvements needed. I had a tenant ask to leave early due to a job relocation just last month. I agreed, as long as I could get the apartment leased. I had a signed lease at a $50 rent increase within 5 days. That indicates to me I probably could have gotten more, but I'm ok with that. I got a good tenant, and was able to help my previous tenant out.  I will keep pushing rents as they turnover. 

The investment has benefited from the surrounding area. Lots of new, very expensive apartments coming out of the ground. I get just under $1/sf/month for my units, the new apartments are going for $2.25+/sf/month.My newest tenant is from the neighborhood, but wanted a larger apartment at a lower rent.