All Forum Posts by: George Lopez

congrats. Good job. Way to do your research. 

@Mike D.Arrigo as a new investor, I am limited in funds, but I am currently reading some material that will hopefully help me be able to afford alot more for my money. It is true, you cant expect to have good tenants living in fear and especially not around some criminals. Thanks for the reply. 

@Ben Leybovich thats clever thinking. You dont buy into their thinking and set your own price for these properties.  You made it really clear to me. Ill keep reading and will study this stuff. Still trying to piece it all together but ill get it. 

@Bob Bowling that reply did help me out, a little confusing at first but I think I get the concept of what you mean.

@Himanshu Jain thanks for the reply. 

@Bob Bowling thanks for the reply. . . . So what is the correct term for what I am talking about as far as multi fam units go?

Welcome to bp neighbor

@Ben Leybovich do you invest in 2-4 units or 5+?

sounds like I need to take some notes from you. I am looking for 2-4 units but i havnt had any luck in my searches. I have found some units that fit in my budget but they are in D class areas with a 9% cap rate.  I am not sure how to get started. Do you have any tips?

@Andrew Kniffen I sure will. And well put on that first reply. 

@Ben Leybovich I have noticed your point. All high caps are all in D- areas. ( section 8)

As a new investor, I dont know if I am ready to jump into those types of areas. I am currently reading the begginers guide by bp then the rewind book then I will check out pro forma

@Andrew Kniffen. Thanks for the reply,  yeah it threw me off and made me think twice about my search. I know that most low end areas have high cap rates, but another question I have is does this mean that rent control will be enforced also?

I have recently read a post that mentioned high cap rates can be risky?

I am new to investing and up until the other day, I believed that the higher the cap, the better the income. What are the pros and cons of this? I am leaning towards obtaining some MFRs and I want to be sure Im doing my research right.