All Forum Posts by: Daniel Perez

Dear all,  thanks again for all your valuable feedback!  it has been very helpful and informative as a newbie investor. 

After an extensive research,  I was hoping you could help me with the following questions:

1. Which report or forecast do you trust more- the Marcus and Milichap report or the PWC/ Urban Land Institute ?

https://americas.uli.org/wp-content/uploads/sites/...

2. How do I know the market/city is landlord vs tenant friendly ? 

Below are the markets/cities in our radar as of today. we still need to do more research on each of them and start doing site visits and network with brokers as well as property managers. Any insights or assistance is gladly appreciated!!! 

• Seattle
• Austin
• Salt Lake City
• Raleigh/Durham
• Dallas/ Forth Worth
• Forth Lauder dale, FL
• Charlotte, NC
• Pittsburgh
• Cincinnati, OH
• Columbus, OH
• Cleveland, OH
• Nashville, TN

Thank you all !!

@Lee Ripma thank you very much for your valuable feedback! It was very informative. My plan is to choose at least 3 cities with the highest job growth, identity the submarket, developt the right team and invest 😂

Hi @Juan Vargas thanks for your input. Do you own properties in these markets? If so, which market is serving you better? 

@ryan 

@Ryan Cox thank you so much for your input ! 

Hello everyone!

I would also like to introduce myself to all the group members. To interact with each of you, share my experience and vice versa. 

I’m located in manchester, CT ( a submarket of CT) and after aggressively looking for deals. I can’t find anything that makes sense ! And between investors of MA and NY The market is saturated, the cap rates have been reduced by 20%! I’m now ready to choose another market where it makes sense and develop the right team for acquisitions. What are your thoughts? And where should I begin my research to determine the RIGHT market ? Thank you all in advance !! 

Hi All, thank you for your valuable feedback!! This is for a 25 unit deal and it seems that putting the emotions aside and analyzing the actual numbers it’s the main priority. Again, thank you for your input ! 

Are you willing to pay extra for no money down or creative finance deals?

Dear Group Members, thank you in advance for your valuable feedback on this matter. I’m currently looking to purchase a property at a 6% cap rate where I know we paying extra. ( 2% cap extra) the property for us and market value has a value of an 8-8.5 cap rate. However, the seller won’t budge on price but agreed to do a seller finance on the second note for 10%. With this being said, we only need the 15% to acquire this property.

The ROI is good but the downside is the extra premium we paying to get the deal. No appreciation! But good cash flow.

What are your thoughts? Thank you in advance! 

Are you willing to pay extra for no money down or creative finance deals?

Dear Group Members, thank you in advance for your valuable  feedback on this matter. I’m currently looking to purchase a property  at a 6% cap rate where I know we paying extra. ( 2% cap extra)  the property for us and market value has a value of an 8-8.5 cap rate. However, the seller won’t budge on price but agreed to do a seller finance on the second note for 10%. With this being said, we only need the 15% to acquire this property.

The ROI is good but the downside is the extra premium we paying to get the deal. No appreciation! But good cash flow.

What are your thoughts?  Thank you in advance! 

Dear BP Members, 

Thank you in advance for your valuable inputs and recommendations. 

We're a new investment firm from Boston and looking to develop strategic relationships with Commercial Real Estate Brokers in CT specializing in Multi-family deals. Who do you recommend ? 

Mainly in these markets:

Manchester, East Hartford, Vernon, New Britain or the surrounding area

Thank you in advance for your recommendations!