All Forum Posts by: Jared Cuyler

I get nervous at times just buying SFR's so I can only imagine how it is jumping in on a 62 unit! I imagine that you and your father have educated yourselves enough to know the work that type of deal entails, so with that being said as long as your due diligence has resulted in a favorable deal go for it. Paralysis analysis is a real thing, don't let that stop you. Be sure to post in the forums any questions you may have, there are plenty of qualified individuals well versed in large multi-unit deals willing to help you out. Best of luck!

+1 for Cozy! I've been using it for the past few months with no issues. The only downside is the processing time for the payments to clear, if rent is due on the 1st the payment usually won't post until the 7th-10th. You can choose faster processing for a small fee if you need the payment sooner, but I like to stick with free. 

Same here! I'm just looking around Fort Walton Beach, Destin, Shalimar, Mary Esther, and Niceville for now.

@Nam Nguyen I literally just got back from visiting my friend stationed in Alice Springs 3 weeks ago...

As far as investing in Australia goes all I know is that real estate is quite expensive compared to many markets in the US. I stayed Air Bnb with a guy in Sydney and he purchased his 2 bed/2 bath 1,000 square foot place for around $700,000. I can't see how it would be possible to make a return renting one bedroom out for $50 a night. Not to mention his place was in an apartment high rise with the HOA fees pushing $500 a month.

@Billie Miller it sounds as though the cash required for entry into the Denver market is quite high. Fortunately I live in a market where purchasing a property for around $50k isn't completely unheard of and there are plenty of properties under $100k that have investment potential. The great Young Jeezy said it best, "Scared money don't make no money". Maybe someday I'll be able to afford playing with the big dawgs like yourself :)

From my perspective it is much more difficult to find a turnkey property where the numbers actually work. They're still out there, but are much more difficult to find in today's market. I personally am all about value add investing and am willing to put in the work in order for the numbers to work out more favorably in the long run. I'd rather buy a place for $50k and put in $20k on a rehab than buy a similar place turnkey for around $100k.

Welcome Nam! I'm currently enlisted in the Air Force stationed at Eglin and have been here for 5 1/2 years. Just this past year I've gotten into real estate because of Bigger Pockets and currently have 2 rental properties and a flip in progress. I close on a 3rd rental property this coming week and hope to build up from there. It's good to see another enlisted guy in real estate. I've listened to most of the podcasts and it seems many  of the military folks on there are officers. Best of luck and feel free to reach out anytime!

@Tyler Austin I'm sure you can find a place that may need a little bit of work, but not a full fledged renovation. Just keep looking and trying to network with others on the site and you'll eventually find a place. Just keep after it and don't let analysis paralysis set in. 

I'll shoot you a PM with the numbers on my two units. As far as the lease goes I took the leases I had signed in the past as a tenant and sorted through all of them picking out what I would like to be in my lease and built it from there. I'm sure the state has some sort of template, but I haven't researched up on it. 

As far as the podcast is concerned I appreciate the thought, but I've listened to a few people on the podcast that are in the military and have done much more than I have. Maybe someday though! 

I'm also on Eglin as well. I'll shoot you my number in the PM as well and we can definitely meet up sometime. 

@Lindsay Stewart I actually am planning on visiting Melbourne while I'm in Australia! I'm sure I'll be inebriated much of the time haha, but I'm sure we can meet up. You can fill me in on all the places to visit and we can talk a little investing. I'll shoot you a PM when I find out exactly when I'll be in Melbourne, thanks!

Welcome to BP! I myself am new to the site, but have been listening to the podcasts since late 2016. I currently own two rental properties and am looking to expand using the BRRRR strategy.

I am active duty Air Force stationed at Eglin and spent many of nights twiddling my thumbs, I mean "patrolling" up at 7th Group haha. Small world.

There is a small group of investors that meet up monthly at the Twisted Grape in Shalimar. I believe the next meetup is June 20th and I am hoping to attend for the first time as well. I'm sure you'll connect with others that attend, but I'll also let you know the time when I find out.

Welcome back to the area and best of luck going forward.

@John Powell Thanks, I definitely had to do something to cover up that eye sore of a hot water heater.

@Tyler Austin  All in all everything took about three months to complete, but with working full time and a vacation thrown in the middle I would say that if I were able to work on the place full time it would've only take three or four weeks. Also keep in mind I did everything myself, the only thing I hired out was the kitchen counter top install.  As far as my estimate for the rehab was concerned I haven't added up all the numbers, but I believe my $5k-$6k estimate was accurate. Keep in mind that $2.5k went towards appliances. Also I didn't include the cost of tools in the estimate so I definitely spent more. I am considering the tools I had to buy as an investment and now I have pretty much all the tools I need to complete any general rehab project. 

As far as my analysis is concerned I am mainly investing for cash flow and looking for properties where I can add value. I was originally thinking I would only be able to rent the place out for $800 since the property is in a "C" class neighborhood, but after I completed all the work I was able to lease out the unit for 12 months at $900. I definitely added value and the property is cash flowing well.