All Forum Posts by: Dave Mosher

good to know, so would you still suggest$200-$300/single.family if setting money aside for management?

 yes, my inclination is to not count this, but i want to make sure i am not missing something

When analyzing a deal, how much cash flow per unit do you aim for? I am specifically thinking not just after expenses, vacancies, amd repairs but also after any mortgage.  Does this differ for you if you are analyzing a multi family vs. a single family?  Thanks,

-Dave

Thank you everyone, makes alot of sense.  I will start with centimeter and go from there.  I appreciate the suggestions,

I am wondering if there is a place online that will show the average monthly rent rate of an apartment, single family etc., by town and even better by neighborhood.  I am looking for my next deal and I want to make sure that I am factoring the rent correctly or at least will be in the ball park.  I looked at apartments for rent but not every town has an abundance of for rents on the market.  Thanks,

-Dave

Great response, thank you for your thoughts.  Sounds like vacancy can be the X factor.  

Here is my email: [email protected]

Looking down the road, I can see a path for me towards buying apartment buildings.  I hear everyone saying to stay away from lower income areas because of the headaches.  However, I see  6 and 12 unit apartment buildings for sale in Hartford, NB, etc.  Someone must be buying these properties and I would imagine it must be profitable for them otherwise they wouldn't buy them.  With that said, if a management company is hired to do all the "dirty work", does the advice of staying out of low income areas still apply?  I agree that in Hartford, as with any town, that there are better sections than others, but it seems to me that if you want to explore the possibility of owning more than 4 or 5 unit buildings you need to be open to looking in cities like Hartford, Waterbury, New Britain.  What are your thoughts?

I saw that there are meetups in Rocky Hill and Manchester once per month.  I was wondering if someone could share when they are and where they are?  Thank you and I Iook forward to meeting many of you there.