All Forum Posts by: Diogo Marques

Ok, anything else that is important to know that we haven't covered yet?

How do you know if a given Market is Overvalued or not? Anyone?

Hello BP Investors

Can anyone provide reviews on Kansas City, MO Property Managers?

I am looking for a 160 unit deal and need a good property manager.

I found a list here: https://www.angieslist.com/companylist/kansas-city...

If you can refer some, let me know.

thanks,

Hi Juan. 

What i usually do in any business, is to give more confidence to the worst case scenario for an extended period until i am proven wrong, because there is only a way up. That way you will find out creative ways of not going under. 

In a recent podcast with John Azar that runs 5,000 unit he told me the worst mistake he made was not to account for Maintenance Capex expenditures when purchasing a deal. You have to workout this number and the impact it will bring you because you will have to pay. Then is to know when are you going to become positive cash flow on the deal. If it is a bad property to begin with, don't do it, as D-Type properties will drain your cash and you won't build any equity on them. It is the mermaid and the sailor tale. You must me able to collect rent from the tenants on a hands-off consistent basis, because in the the end they will pay for everything.

Good luck.

Good job

Go to Ken McElroy website. He has the DD checklist there

I am looking for the same thing as well. I am based in Portugal and looking to get 160 units. 

I found a company called Clemons Real Estate so far. Don't know more about them other than they seem to be well positioned in the area. The contact is Richard Redding

Let me know how it turns out.

Put yourself in your client's shoes. As soon as you do that you will be able to be fair and not greedy. What would you pay if you were in his/her position? That's the value. Good Luck

Thanks for the list. I just would add the following:

1. Powerhouse Principles - Jorge Perez

2. The Ten Commandments for Business Failure  - Donald Keough

3. Sam Walton - Made in America

buy a dividend pating stock from an utility company. These are usually no growers so your money won't sink, bur you keep getting dividends. 10Y Corporate Treasuries are a good place to gave your money parked, but it won't grow. 

S&P500 is still your best option. Buy the SPX if you can afford it or the ETF version