All Forum Posts by: Curtis Rouse Jr

Congrats on the closed deal @Dustin Brackins! What are MFR cap rates currently trading at in the Knoxville, TN market?

Hey @Michael Watkins welcome to BP! So the quick claim the seller is does not guarantee clear title meaning you can't go after them for any judgements. If you are worried about taxes/liens/outstanding get the title done, will cost you only a few hundred bucks and save you the headache. For taxes most counties (not all) have those records updated on the Tax Assessors website to the public so you can see if there are any outstanding taxes on record. Feel free to message me with any additional questions. Best of Luck!

Hey @David Rey, most Escrow companies have recommendations or vendors that they use for those title reports so I would reach out and ask them. Like you also mentioned it's good to know they are investor friendly and have completed transactions like you are looking to do. Feel free to message me if you have any additional questions and Best of Luck!

Hey @Kedian West, so I would recommend Metro Brokers Academy. Even though I didn't go through them (I used Real Estate Express online) I currently hold my license with them and what's great is that they reimburse you the cost once you complete a certain amount a sales transactions. I'm an investor as well and having your license not only allows you to cherry pick the deals you want to keep but gives you more in depth information on the market along with access to training (depending on your broker). Best of luck and feel free to message me if you have any questions about investing or getting your license!

Hey @Nadine Khreisheh and welcome to BP! So wholesaling virtual I would definitely recommend the Sunbelt states just based on economics and where there is a net positive job/population growth. I'm on the commercial side with apartments and many investors I work with and wholesalers I know love these states, but I would definitely recommend having someone that you trust in that area to assist or as they call it "boots on the ground" to make your life easier. Best of luck and if you need help in the Atlanta area, I have some connections so feel free to message me!

Hey @Chris Turner and welcome to BP! So multi-family are mainly valued based on the income approach so you are looking for the NOI and that's capitalized at a specific yield that an investor is willing to pay for that property in that specific area. This is a general valuation but different operators will come up with different valuations based on their business plan and how they will operate the property. I'm an investor myself and commercial realtor that works with apartment owners/buyers on the valuations so would love to help out just send me a message. BP has some great calculators to start with but you eventually want to have your own database from scratch or software with "Your" specific needs. Best of luck and if you ever need help with any apartments or business valuations in the Atlanta area let me know!

Hey @Elin Trinh are you looking for commercial or residential? If commercial multi-family in Atlanta up to 200 units I can help you out and if residential I have some good agents/property managers I can recommend. Shoot me a message and would love to help out!

@Ortavia Allen Sounds like a good way to start. Been investing for the past 4 year with main focus on apartment communities and I utilize wholesaling to fund those deals along with capital raising. Feel free to message me if you need help with anything. BP is a great community and has taught me a lot over the year

@Ortavia Allen Welcome to BP!

I'm in the metro Atlanta area specifically in Gwinnett county and do most of my investing in Macon/Warner Robins area. What kind of investing are you getting started with?

@Safwan Tas Welcome to BP! To start finding brokers I would start with loopnet (not specifically for the properties) because many brokers post here. Reach out to them, build rapport with them over lunch/coffee and explain to them what you are looking for. BP is also a good source to find brokers in your area to network. Your local REIA is another great location and ask investor who they recommend.

This should get you started and please let me know if you have any additional questions. Best of Luck!!!