All Forum Posts by: George S.

Thank you Alina for the blunt advise!! 

Will look more carefully into the other RE investing options available as suggested.  

Thank you for the reply!  

Do you have an algorithm that you could share when screening triple NNN properties, or minimum 5 sq mile population?

Also what does ADT stand for?

Thanks again!!

Thanks you for your input!

The city population is 50k at 5 sq miles

The city growth from 2016-2017 was 1.7%

and the 6.4% CAP would be contingent on the seller to fill the vacancy.

What would you recommend going forward, maybe negotiating a lower price or look for something in a more densely populated city?  Thank you!!

Thank you for the prompt reply!

My overall goal is to maximize my long term potential gain (10 yrs), minimum of 7% annual return on my equity if possible.   The money is only collecting interest from my savings acct (was in the market prior). 

I truly would like to stay passive maybe 1-2 hrs a week so that I can devote my time doing other things, potentially building a business, focusing more on my career, etc.

I have looked superficially at syndication investments but felt I could make more money leveraging my money, but I maybe wrong.

Conceding turnkey SFH I have also looked at them superficially but felt that It would require a more active role on my part.

Will definitely look into the book you have recommended.

Multi family properties also seem promising but cap rates do not seem to be that much more than a triple NNN property. I have always wondered if there was a company that has already done the due diligence on a multifamily and would take a commission if I were to purchase a listing they had.

Thank you for your thoughts thus far!! 

Hello community.  New investor to the market, am currently employed full time and looking for something for a passive investment.  I have been in contact with a few commercial realtors in Ohio and Georgia, they have passed over to me a few properties that are available, but really no other guidance and was wondering, what the BP community may suggest and advice on what I perceive to be the best opportunity so far that has been presented to me.  

About me, 

Employed full time

total of 800-900K Cash

passive investment, not sure if a triple net or a multifamily property is the best way to go. 

Open to investing anywhere in the US as long as the deal looks good 

Property 1

Triple net, 4 unit real estate plaza 

price: 2.65 mil 

cap: 6.4% (assuming that the 4th unit is rented)

new build, 18'

3 tenants so far, locked in for 10 yrs

2% annual rent increase 

small town, average population growth < 1% but growing 

I was told that I have to keep the details confidential, unfortunately I am not sure if I can provide further information

Any advice.  Thank you!!! 

Hello, I am new to BiggerPockets. I am looking to get into the REI market either developing or multifamily but need some guidance. I currently live in Tifton, Georgia and am looking for a mentor, if anyone has any ideas on how I can go about finding one I would greatly appreciate it.

Thanks in advance!!!