All Forum Posts by: Darren Finney
Darren Finney has started 19 posts and replied 83 times.
Post: INDIANAPOLIS IN 2bd 1ba *MOTIVATED SELLER*

- Real Estate Coach
- Hampstead, NC
- Posts 91
- Votes 37
Post: Tips for analyzing deals on apartment buildings

- Real Estate Coach
- Hampstead, NC
- Posts 91
- Votes 37
Wow! Thank you all for this information. I'm going to run through some of these equations and will definitely report back/ask for clarification! Thanks again @Michael Le and @Brian Burke
@Account Closed, I'm also waiting on some information regarding the Section 8 or Section 42 status of the tenants so that my local property manager can figure out potential rents to compare with the actuals. I'm going to do a walk-through on this place today with a local mentor to verify condition of the property. Thank you!
Post: Tips for analyzing deals on apartment buildings

- Real Estate Coach
- Hampstead, NC
- Posts 91
- Votes 37
@Brian Burke, so I read all of your articles yesterday and they are phenomenal! The one that really caught my eye was the Internal Rate of Return. Not being a financial planner or analyst myself - this really has me intrigued! But...I can't comprehend in the least how to calculate it on an investment deal like this. I've Googled...but mostly I just feel more lost when I'm reading stuff on there. Do you have any links to an educational post/website that covers IRR for the common man?
Also, I'm curious exactly how to evaluate IRR. Are you trying to find the investment that takes the largest rate of interest to return the NPV to zero, or the least interest to return NPV to zero? And for something like a real estate deal, are you using some kind of estimation of ALL of the potential costs for the length of the mortgage, or just the time of purchase? Sorry if these are stupid questions, I'm just trying to get smart(er).
Post: New member from Indiana

- Real Estate Coach
- Hampstead, NC
- Posts 91
- Votes 37
Hey Michael - nice to meet you. I'm basically new to the area as well. Maybe we can link up sometime and talk shop!
Post: Tips for analyzing deals on apartment buildings

- Real Estate Coach
- Hampstead, NC
- Posts 91
- Votes 37
Hello, I'm currently looking at a 10-unit low-income apartment building. I've contacted the management company and am waiting to hear back from them regarding their profit/loss, rents, and expenses. I would like to know if anyone has any other ideas for what to look at when analyzing an apartment building? Anything that could show the health of the business side of things that is different than a normal SFR rental? Any major cap-ex that could be associated with an apartment building that you wouldn't normally find with a SFR? I'm figuring already that there are 10x as many (potentially) water heaters, a/c units, furnaces, etc. Roof is bigger. I'm just curious if anyone has experience that shows there are other things hiding in the numbers somewhere.
Thank you!
Post: How to fund deals for a Sheriff Sale

- Real Estate Coach
- Hampstead, NC
- Posts 91
- Votes 37
Hello - relatively new investor and I'm very interested in purchasing homes in the Hamilton County, Indiana area at the local Sheriff Sales. However, you have to bring certified funds to the auction - so how can you accomplish this? I couldn't believe that a hard money lender is going to just give you the funds without reassurance of you actually being able to buy the property, but maybe I'm missing something.
Post: Property Management in Bremerton, Washington

- Real Estate Coach
- Hampstead, NC
- Posts 91
- Votes 37
BP - looking for an honest, knowledgeable, and dependable Property Manager for a SFR in Bremerton, Washington. Prefer one that is willing to provide references. Thanks for your help!
Post: Newbie from Indianapolis.

- Real Estate Coach
- Hampstead, NC
- Posts 91
- Votes 37
@Jim Truscott , Hi and welcome. I'm a Marine and currently still living in North Carolina but will be moving back to the Noblesville area this summer. I'll be starting my investing in the same basic area that you're looking at but I'm focusing on flipping rather than BRRR. Let's link up, and maybe we can share leads if/when we find them. It would be nice to start off with people in my corner!
Post: How to analyze comps

- Real Estate Coach
- Hampstead, NC
- Posts 91
- Votes 37
Thanks everyone - I really appreciate the responses and advice. Look forward to putting it all to good use soon!
Post: How to analyze comps

- Real Estate Coach
- Hampstead, NC
- Posts 91
- Votes 37
Thanks Chris and David, great advice. I never really thought about talking with an actual appraiser to see his point of view, that's an awesome plan and well worth the $500 it might cost. I've been looking at Zillow and other websites like that but just felt like there might be something I was missing. I like to know why things work the way they do, so I think I'll definitely link up with an appraiser.
Thanks again guys, I really appreciate it. Sorry I wasn't your Company Gunny Chris...but you would've hated me as a Gunny anyway. It took me a while to settle down and turn into a human being instead of an animal!