All Forum Posts by: Dan Sarao

Alternatively you could use a tracking number service like CallRail to track the performance of individual campaigns.  They also allow you to look local if you are working on areas outside the area code of your phone number. 

@Ben Wright - I just PMed you. Looking forward to connecting. 

@Jordan Williamson - you shouldn't have to bear the burden by yourself. I won't relocated until the first week of July, but I would be more than happy to help coordinate a meetup with you to try and spread the heavy lifting.  Let me know, maybe I can start helping for one in late July or in August. 

@Jordan Williamson Oh no! I saw 7/7 and thought it was 2019. Is this meetup still going on, or has it ended? 

I will be in the area by that time. I will try my best to make it!

 Agree with everyone on this post. I'm not going to say you shouldn't trust the numbers given on a site like LoopNet.  I am going to say you shouldn't really trust anyone's numbers and analysis but your own or those on your team that are working in your corner.  To Bryan's point request the income statement and rent roll and do a conservative analysis.  

Where marketing is about painting a rosy picture your analysis should be about weeding through the BS and coming up with an actual picture. 

@Michael Bacile - if the deal is right don't let the closing costs scare you.  Bake the closing costs into your analysis.  Other means of getting deals, such as hard money, might have higher cost to get the deal, but if you bake the costs into your analysis and it looks good then you are good to go.  

Getting a deal on the MLS where a seller may pay 2% of your closing costs might sound intriguing, but you may also pay more if its on the MLS (other times you can find a good deal even though its on the MLS). Every deal will vary, and everything should be considered depending on your situation and what you are trying to accomplish.

If you haven't tried them already the BP calculators are a great way to run analysis and you can break down all of your upfront costs.  At the end it will give you the breakdown of the deal, including the upfront costs, cash flow, cash on cash return, etc. 

We are closing on the duplex we are moving into on 6/7.  Do you have a meet up group already?

I recently was in town a few times to look at 3-4 duplexes in both SE and SW Cape, priced at the $330-350 range.  The level of development of brand new duplexes, especially in SW Cape appeared to be very high, which made me wonder as well if the market could support all of the rental units.  I ended up picking up a duplex in SE Cape that needs some work near downtown for around $200K.  We leaned toward SE because it is more established and closer to downtown Cape and downtown Ft. Myers, thinking it would be more desireable for people commuting to work and for entertainment. 

@John Thedford - out of curiosity, do you think the development of duplexes in SW Cape will continue to happen? 

@Keon Garraway - as in any market you may be able to find a deal on the MLS in the right situation, but to get the best return you should look for off market deals or create your own.