All Forum Posts by: Fred Stevenson

I went to the APP store to download the BP app, but when I type in Bigger Pockets Apple can't find anything that is related. Does anyone have a link? 

Awesome advice.  Glad I came to BP.  Thanks everyone

 What does BPO mean?

thanks for the great advice you two

Thanks for the feedback.  To be more specific, I'm talking about pro-formas that come from turnkey properties in areas that are out of my home state.  So if the pro-forma states that rents will pay $1200.00 a month for example and that the home is worth $135,000.00, how do I know that is realistic.  I suppose the obvious answer would be to ask a local real estate agent from that area, but what incentive would they have to help me analyze the true numbers?  Thanks for the feedback once again.

Thanks for everyone's feedback.  I actually did go visit, and I was very impressed with the operation, the science, and the management team.  It's a long term play with 40% cash on cash returns starting around year 6.  It will take this while for the returns to hit this mark due to the time for the land to start producing the crop.  This particular investment is in hybrid coconuts and neem trees for those that are curious.  Both crops have multiple use end products with great future demand. 

Hey everyone,

I just listened to Brandon Turner's webinar (it was awesome), and in his review of avoiding investor mistakes, he discussed the dangers of trusting a broker's pro-forma analysis on a rental property.  Any recommendations on how to vet and analyze these typs of pro-formas?

Thanks.

Does anyone have any recommendations on how to research local housing market trends?  For example, projected local appreciation rates, future home supply versus home buyer/ renter demand projections, migration trends, etc.

Thanks

Apologize for horrible grammar above. It's been a long day.

Do any of you know what CAP rates one should shoot for Baton Rouge or New Orleans market for buy and hold multi-family or SFR's?

Also, regarding the 1 or 2% rule, what is normal for this marketplace, and do any of you have recommendations for good property management companies in BR or NOLA?

Hey everyone,

I'm also live in Baton Rouge, and I'm starting to look for my first deal.  I hope to meeting you at an upcoming RING meeting.

Fred