All Forum Posts by: Doug Johnson

BP, 

How would you recommend putting together a fair offer? Check out the below example:


Value = NOI / Cap Rate

2019
Value = $35,350/ 8.40%

Value - $35,350/ 0.0840

Value = $420,833.33

Is this a correct way to analyze the value of a property? Any suggestions? 

@Casey Roman

Hey Casey,

Sounds like a good problem to have.

2 options stick out to me:

1. Syndication- could be a great opportunity for a hands off approach

2. Partner- find someone who will manage the property/ fix it up and all you have to do is provide the capital

BP Family,

Would anyone recommend a real estate attorney in the Pittsburgh area?

Let me know your thoughts!

Thanks,

Doug Johnson

CANCELLED- 

Due to the Coronavirus disease (COVID-19). My apologies to everyone who wanted to attend. We will reschedule in the near future! Thanks!

Share ideas and best practices. I currently own one unit but looking to scale quickly! 

@Jeremy Taggart

Family and friends would be able to lend me money. Good point Jeremy. What other areas would you recommend in your area? Average price for a home that you noticed will lead to the most success?

@Jeremy Taggart

Financing with 20% down. It is near Sheraden Park

@Niels Bjørn Toppenberg

Thank you for the advice. I will check at the tools soon.

@Ron Manges

Hey Ron!

Taxes would around 1,100 more per year. I have not looked into expenses yet. I’m not sure on how much $ it will be to get up and running. It doesn’t look to need too much work - next step is take a on site look. Any suggestions?

Hey All, 

My name is Doug and I currently living in Pittsburgh, PA. I am aggressively looking for my first investment property-the most appealing option is buying and holding a property. I found a property listed at $35,000, ten minutes from the downtown area. The property needs some work but it is livable. What should I look out for? Advice going forward? Hopefully, I can meet/talk to someone soon!

Best,

Doug