All Forum Posts by: Curtis Rouse Jr

@James Fonteno You shouldn't be looking at the per door price, but the cashflow on the entire property. I have built a financial model that I use to help investors and myself analyze smaller SFRs to larger apartment complexes. I just need to the trailing 12 or 2017 finish if you have it and I can put a package together fairly quickly. Feel free to message me for any additional questions!

@Talos D Farris When I have time, I go to Jered's event that is held in the Ashford Dunwoody area towards the end of every month. Great to meet pretty much anyone whether it be lenders, contractors, buy/hold, wholesalers, flippers, etc. There are plenty others in the area, but I would recommend this one.

https://www.meetup.com/N-Atlanta-REI-Meet-Up/events/249066630/

@Talos D Farris Welcome back to Atlanta. I'm here in Lawrenceville as well, but all of my properties are located in the Macon, Ga market. I mainly focus on buy and hold apartments, so if you ever have any interest on that side of the business let me know. Would be more than willing to discuss some options as I'm currently looking for a 30 - 50 unit building. Best of luck and let me know if I can be of any assistance!

@Joseph Ojea I agree with the others that starting with a 2-4 unit would be a good start to get your feet wet. I own a couple apartment complexes and I would advise analyzing as many deals as possible with keeping the exit in mind. With the market being so hot, it's important not to over pay just to get in a deal. I would utilize the BP calculators and I've built a finanical model that's on my website below that I help investors all the time analyze smaller SFR's to larger MFR deals. Best of luck and let me know if I can be of any assistance!

@Regdric Malveaux I agree with the others in that I would first look into owning like a 2-4 unit and renting out the others to get your feet wet while learning. You also need to start analyzing as many deals as possible and run the numbers very conservatively accounting for the worst case scenario and looking at a COC basis. I own a couple apartments and I've built a financial model I help investors run numbers, so if you ever need any help, feel free to reach out and I have an example on my website below. The BP calculators are great as well and what I started using at first. Best of luck!

@Lana Lee My advice would be to first know what kind of returns properties are yielding where you want to invest. This involves analyzing as many properties as you can to make sure the numbers make sense. Once this has been done and you feel more comfortable/know the yields you are looking for, then I would reach out to brokers/realtors if you decide to go that route and tell them exactly what you are looking for. I'm in the MFR space owning a couple apartments and for myself and investors I've built a financial model to analyze smaller SFRs to the larger multi million dollar apartment complexes. On my website below, I have provided a case study for investors to get an idea of what it looks like. Please let me know if I can be of any assistance along the way and best of luck!

@Jessica Freesia I agree with the others on this forum in that 2% are going to be very tough to find in major cities unless you find an unbelievable off market deal that the seller are literally just giving away. This is why my property holdings are in the Macon, Georgia area where by house yields the 2% rule (PP: $12k, Rehab: $8k, Appraisal: $25k, Current Rent: $625, 3% rule @ $20k all in). My apartments on the other hand is slightly below the 2% and currently at 1.8%. Keep in mind, the greater return the more risk, so the areas aren't the best so you need to have a good team in place. Vice versa for lower returns you will be in better areas. I hope this helps and if you ever need help analyzing deals, I've built a financial model that I help investors with all the time. I have a case study on my website. Best of luck and let me know if I can be of any assistance!

@Andrew Reyes I agree with @Michael Le in that 5+ units are valued on it's NO and I would add a very vital aspect to your analysis is to avoid looking at cap rates. You need to be analyzing on a cash on cash basis because this gives you a true valuation of the investments versus others. I've built a model that I use to analyze properties daily for other investors and myself from smaller SFR's to the multi million dollar apartments. Check out my website as I have provided a case study for a 88 unit I looked at for an investor and ran through my financial model. Let me know if you have any questions or if I can be of additional assistance. Best of luck

@Jamel Campbell Congrats on wanting to take a plunge into a MF unit. I own a couple apartments myself and I would definitely recommend the BP calculators or a quick excel spreadsheet for the smaller deals with work. I've built a financial model that I use to help myself and other investors make informed decision whether it be small SFR's or larger MFR's. Let me know if I can be of any assistance with your analysis and best of luck!

@Willie Rogers I agree with @Gino Barbaro being that real estate is multi faceted business involving educating, underwriting, financing, managing and the exit. Right now with compressing cap rates, many investors are over paying for deals and this is where the financial analysis becomes so key in determining the value and how much you should pay. I'm in the MFR space owning multiple apartments and have built a financial model that I use daily to analyze mainly multi million dollar apartment complexes, but I help investors like yourself analyze smaller deals as well. I have some examples if you look at some of my previous posts, so please let me know if I can be of any assistance. Don't worry about the downpayment because money chases deal, so that's what your focus should be right now. Best of luck.