All Forum Posts by: Daniel Sabato

This is great info Greg thank you. Figuring out market rent but then figuring out what the rent "could be" is one of my hurdles right now when doing analysis!

Hey Samuel! Super interesting take. When I started , I was buying SFH in the midwest but found them insanely difficult to manage from NJ & decided to sell them. But, those were SFHs & cheap ones at that. Do you have any issues managing from afar?

Great info thank you. Do you use any certain method to determine market rent & what market rent COULD be if you rehab certain things? 

I have cash as well, that's why I mentioned having both options. I just feel like the equity portion is a nice asset to have and not have to use all that cash. But I can. I had 3 SFHS and sold them.

This is an insanely open ended question but the sum of this is that I'm having trouble getting started in multi-family and apartment buildings. I've done the single family method and it was too slow for me and just ate up too much time, although I learned a ton. I'm struggling to find deals and the numbers just aren't working. I have a few options to either use a cash down payment or tap into my primary home equity, about $400K worth of it. The numbers especially don't work when I go the equity route and factor that into the cashflow. But at the same time, I feel like this chunk of equity is a huge asset I should be tapping into to get moving. Any tips for someone like me?

I was looking for a post on here explaining how cash offers work in real estate when you're the seller. More so, what the process looks like. I still have a mortgage to pay off, so when I sell the home for cash, what's the process look like after that? Do I need to go and immediately pay off the loan. Is some part of that process automatic? What if the cash offer is less than loan balance, how long do you have to pay off the remainder etc; I'm just wondering what those steps look like from there. Thank you!

When you have a tenant move out, what kind of timeline do you expect from your property managers for getting the unit ready for marketing & a new tenant? How long for a make ready estimate? How long for the work to get done (tough to estimate I know especially today) & anything else involved. I’m really wondering more about how long it should take them to get you a quote for the work. Thank you!

Coming from a newby investor here, what are some of things that experienced investors do during the Rehab stage of the BRRRR method? Obviously the goal is to maximize the refinance amount, so what are some improvements people like to make to increase the value of the home? I've got two properties that I am aiming to make some improvements to so that I can cash-out refi and then repeat the process. Any help is appreciated, thanks!

@Scott M. Appreciate both your responses Scott!

@Jeff Copeland Thanks Jeff, really helpful!