All Forum Posts by: Derick Bonsu

Quote from @Percy N.:

@Anaim Murcia you may want to move this to the Marketplace instead of posting it here.

But he has endless returns. Don't you want some of that.

You say "cash flow beast". If your underwriting is solid while being conservative, I would go for it the 43 unit. Im not sure I'll sell the 8 unit though. I feel like you're unnecessarily restricting yourself by not considering partnership, especially syndication. 

1-4 Units, I would probably just use calculators like @Eliott mentioned

5+ The Definitive Guide to Underwriting Multifamily Acquisitions by Rob Beardsley

Quote from @Alex Petrov:

Hello,

I have a 10-unit apartment building in Washington, DC, currently with long-term tenants.

I am considering converting the whole building to a short-term rental business model overtime in the next 2-3 years. By short-term rental business model, I mean no on-site staff, no food offerings, no daily housekeeping, and listed on the common short-term rental platforms. 
The building has a basic business license for a Bed and Breakfast. Because of the type of license, the building is not a rent-controlled building. 
Will the Bed and Breakfast license allow me to run the whole building with the short-term rental business model or this may be seen by the regulators as an avoidance of the short-term regulations and create issues?


I will appreciate any comments!

Thank you!

 I'm only familiar with DC's rules on primary homes but it does sound like you're trying to combine a hotel with a primary home Airbnb without following the rules for either. I'll definitely be interested in what you learn. Out of curiosity what part of the city is this building in?  

I think you already know the answer to this question. I'm also generally not sold on social media personalities, unless the person has a long track record across multiple legitimate touch points. Tik Tok and IG are the most suspect ones for me. I also don't watch random videos from people I'm not already following, so I guess I don't run into these gurus people seem to talk about. 

Quote from @Calvin Penn:

Good afternoon . Anybody know where I can to see how much section 8 vouchers pay for rent in certain areas?

 Google is your friend. I just search "xx county section 8 rent rates". I found a government result and looked for anything about tenant rates or information for landlords.

Here's what I found: 

https://www.dca.ga.gov/node/77...

Definitely check out the one Kyle mentioned. I try to make it every chance I get. Also look up "The Multifamily Code" meetup. There are a few popping up here and there. 

Quote from @Drew C Grossman:

Quote from @Mitchlyn D.:

Quote from @Drew C Grossman:

Hi @Anna Sam,

Have you looked into Ocala, FL on your goal to find some cash flowing Multifamily/ Apartment

Also, horses!

Congratulations. Keep evolving that mindset.

That's insane return. Good for you.