All Forum Posts by: David S.

Hoping to hear some opinions on this deal to even out my thoughts and assist me in acting rationally and seeing all angles.

23u multifamily property, ~40y old, good condition, well maintained.

1.9m asking price, awaiting comps. Could likely get for 1.7m.

COC return 15%, cap rate 7.5%, with room for rents to rise moderately. Cash flow 5500/month. (all based on 1.7m purchase price)

Cashflow calculated after paying mortgage and paying cost of servicing a LOC for the downpayment. Mgmt costs/R+M/cap costs/vacancy all factored in along with usual other costs.

I was unsure if I should use a LOC for the downpayment, use capital, or blend of both. I feel like the cashflow provides a decent enough buffer for me.

 I asked about vacancy rate history/known issues, list of recent upgrades and planned upgrades and wanted to have initiation of prescribed rental increase for all units prior to sale as condition of sale.

Are there any other key pieces of info I should ask about?

Thank you.

I'm very thankful for everyone's time and wisdom. I will look into syndication, but I'm more interested in passive "turnkey" type investing in small multifamily properties. I'm aware it is less passive than other strategies.

I hope that over time as I learn markets and get a few deals under my belt, I will be able to find a team that can support other options like BRRRR/wholesaling/fix-flip that are less onerous that without the team.

Thanks again.

Hey BP sages and fellow investors. I'm brand new.

I'm a busy family doctor, husband and father of 2 toddlers. I'm also very excited about all that I've learned from reading the forums, books and listening to podcasts about REI.

My dilemma is that I see the value of things like BRRRR, but despite having the passion and the capital to hit the ground running, I don't have the experience, energy or time. Making time, would just reduce my abilities as a doc/dad/husband right now, and isn't feasible, but I hope it will be one day.

So I'll need to be somewhat passive. I dream about having a team that provides the things I can't, and yet still delivers me good returns on investments, but am not sure if this is realistic. I wonder if it just makes more sense to find good buy/hold cashflow multi-unit properties.

Does anyone out there have any advice to maximize the use of my capital/passion, while minimizing the use of my time/energy?  Willing to invest anywhere the #s make sense, with people that are like-minded/trustworthy and good persons.

Many thanks.