All Forum Posts by: Domenick Booker-Pomata

@Bernadeau C. just bought the book on Amazon Kindle for 1.99

@Keith Peiker

What CRM are you using?

I was interested in getting REIRail, but wondering if the software can also be used as a CRM.

@Matt F.

https://retipster.com/realestatewebsite/
The link gives you some information about building your own.
I built my own its not to hard.

I'm having a brain fart.  When I remember the company that builds custom websites ill post the link

Depending on the market there could be some negative impacts for anyone that is primarily invested in an Air BNB business model. Canceled concerts, flights, sporting events, and conference negatively affect the tourism industry.

If the United States implements large scale quarantine similar to Italy landlords can face some trouble.  Most people in the US live check-to-check and do not have the luxury of taking off work for an extended period of time. I don't think the US is prepared in regards to how we handle health care or paid leave. Tenant careers and health can eventually lead to an uptick in late rent and or evictions. It could get ugly.

Also interest rates are at an all time low. In my opinion reducing them anymore will not prop up the economy. 

@Rick L.

Coming in 5 years later. Great information thanks!

@Michael Shear

I just saw this post scrolling through the St Louis forum. Congrats on your first acquisition!!

How did the refinance go? Did you purchase you next property?

Have you switched to a Property Manager? 

I am looking to purchase a 4-unit within the next 8 month. 

Could you be so kind to give me an up-to-date monthly operations expense summary of the 4-unit

@Max Householder

Thanks for the feedback!! I appreciate!

I'm going to send you a connect and PM I have some other questions. If you don't mind answering 

@Max Householder @Zach Stillman

When you are analyzing small multifamily units in STL.What is your general monthly or annual rule-of-thumb for expense listed below.

WST, Insurance, R&M, Pest ,Landscaping, Taxes  

(Am I missing any expenses that are typical to STL )

I know that every property is different and you cannot have a rule-of-thumb for taxes.

Having analyzed enough deals have you seen patterns on how these properties operate?

@Michael Ealy

Congratulations on the deal. I love hearing about win/win/win killer deals stories!

This strategy is very similar to a Master Lease with an Option to Buy.

Why did you choose a Land Contract. What are pros/cons of structuring this deal with a Land Contract vs a MLO.

Hello Ashley,

My name is Domenick. 

Nice to meet you! My partner and I are looking to purchase 30-75 units properties in ABQ. We toured the city last month and began building a solid team.  We are currently in negotiation for a 30 unit. 

I am still learning about ABQ, but I am always willing share my knowledge and talk!

Reach out to @David Torres. I think he is a wholesaler. He might be willing to share some insight.