All Forum Posts by: Curtis Rouse Jr

Hey @Hassan Tomeh, so I live in Gwinnett, but do all my investing down in Macon, Ga where I own 36 units due to the higher price points in Atlanta like you are stating. I remember years ago analyzing many deals and not being able to yield the returns I was looking for until I ventured out where there were less investors and I could hit my COC returns. As you know being a broker, it's all about building those relationships and letting other brokers/banks know what you are looking for. I get on the phone all the time with these individuals looking for deals and I also "drive for dollars" and actually working on a off market 36 unit deal down in Macon as well that I found driving around. That's what my Saturday morning usually consist of with my property manager to find that next deal just hustling and taking action. I would also recommend using the calculators to analyze as many deals as you can in various metro areas to get a feel for the returns. I used to use these calculator which are awesome, but have built my own financial model to help with my analysis and presenting for potential investors that I would highly recommend as well so it's tailored for your needs. I hope this helps and if I can be of any additional assistance I would love to help out just let me know!

Hey @Ayal Magid, I currently own 36 units down in the Macon, Ga area and looking to get into bigger deals as well. I would first start by networking with as many brokers down in Florida to get a feel of the market and if you can yield the returns you are looking for. I would get on loopnet and start analyzing every deal out there just to get a feel of the market so you know what is a good deal and at what price points. I have built a financial model tailored to my needs for analyzing deal, but the biggerpockets calculators are amazing and what I first started using. I can tell you that investing in Florida will yield smaller returns, but have an amazing upside by controlling the NOI and getting into the right location of course. My success has been through brokers and my in depth analysis so I would jump on the phone ASAP. I hope this helps and best of luck!

Hey @Laura Allen, I have started 4 different LLC's in Ga online over the past 3 year by myself without paying a company. The process is pretty quick and straight forward if you go to sos.ga.gov

I hope this help and please let me know if you have any additional questions!

Hey @Kasia I., Congratulations and best of luck in the New Year! Always happy to see others making in happen :)

Hey @Sarah Lorenz, I agree with @Ned Carey comps are still comps especially with you are dealing with SFR's (4 or less units) and this comes down to knowing your market and being able to distinguish value that would be appealing to a buyer. At the end of the day, your ARV is set by the value or willingness of a buyer of your particular house. In your situation with high demand and low inventory, I would definitely test the market as we are in a sellers market and roll the dice to see what the market says. I hope this helps and best of luck!

Hey @Stephen Turner, I'm currently having my lawyer draft these documents for me as I invest in apartment complexes, but getting into wholesaling to generate additional income. There are also documents within the BP library where other investors have posted their contracts, you just need to be mindful of the laws that regulate your state. I hope this help and best of luck!

Hey @James Piercy, I would agree with some of the previous comments on this thread and look at larger apartment complexes specifically in the South and Midwest where you will see substantially greater cashflow than out west where you are currently located. All of my apartment complexes are in Macon, Ga where I see double digit COC returns, but they do take tougher skin to deal with the property/tenants. At the end of the day it all boils down to your goals and where do you see your investing career 10, 20 or 30 years down the road. For me, cashflow is king, which is what it looks like you are searching for, so just be careful in those highly speculative markets that have seen substantial growth overnight. Best of luck!

@Account Closed as mentioned earlier in the thread, I would like at family/friends into area that you would like to invest in or even try to network with some investors as well to build that rapport to help you find those returns you are looking for. You need to determine what your long term goals are in investing and where you want to be. I also go into deals looking at the exit whether it be 3, 5, 10 or 20 years down the road will this still be a good investment. I would utilize the BP calculators which are a huge help to decipher good deals vs bad deals. I would also utilize local realtors, brokers, contractors, investors to get an idea about that market.

I hope this helps and remember to keep that hustle everyday and you will be on your way. Best of Luck!

@Account Closed Very impressive and thank you for sharing! Glad to see the cashflow and return in such an expensive market is possible. Comparing my market in Macon, Ga getting my units for $20k - $30k is like night and day to your Boston market. I know the appreciation is icing on the cake, but with the Boston market being so hot and continuing to stay hot, I can only imagine what the appraisal will come in at over the next few years.

Best of luck and continued success in your real estate endeavors!

@Adam Stout Welcome to the BP Community, this place has a world of knowledge and  you can literally leverage it to the max for all your real estate endeavors.

So to answer your question, I'm not an investor in the St. Louis market, but what I can tell you what will work in any market if you're willing to put in the work like we all initially had to do. My advice if your looking for any type of investment is to take action and in relation to your 4 unit MFR I recommend to start attending local REIAs/local events to network, get on the phone and start calling realtors who have listings for smaller MFR's because they are more prone to working with investors, start "driving for dollars" as we call it on BP which is basically driving around and finding properties off or on market, call all the local banks (preferably smaller credit unions/family owned banks) to see if they have any REO's on their books, check craigslist/zillow/redfin/etc to get a feel for the market and most importantly is to start analyzing the properties. I recommend using the BP calculator or your own spreadsheet (I use both) if you already have one to run the numbers so you can get a feel for the potential returns based on "YOUR" specific target market which is so key. Once you've analyzed a deal and unsure of the numbers, no problem, post it on here and we will all be here to help out.

Best of luck and if you have any other questions feel free to message me at anytime!