All Forum Posts by: Henry Perez

Does anyone have any templates for direct mail campaigns he or she has used to contact MFH owners to spark interest in them selling their properties through seller financing?

Thanks,

Henry

@Powell Chee Hi Powell. I will PM you in order to ask you a couple of questions regarding Rod's mentoring program.

What I'm looking for in a mentoring program is advice on how to get deal flow from brokers. My wife and I own MFH and we're looking to invest $2M in additional MFH properties. But even with our experience, it's tough to get brokers to take you seriously. 

I'm at the point where I'm going to create a website for our business on GoDaddy in order to take our game up a notch and see if that will break down some of the barriers with brokers. 

Once we are able to purchase additional properties than I will start syndicating deals. 

But I'm dying to get more deal flow in order to put our capital to use!!!!

I live in the SF Bay Area (Redwood City to be exact) and I was wondering if there are any SF Bay Area MFH investors who want to meet up to discuss MFH, investing and operating strategies, syndication, or just to network.

I'm looking for other passionate MFH investors who live in the SF Bay Area to share ideas with, to each other to reach our highest potential, and to help one another to retire from the 9-5 rat race that is the corporate world.  

@Brandon Schlichter Keep rocking it Brandon!

@Khemaro N. Refinance and use all of the equity to purchase another investment property that has positive cash flow. 

Definitely get a solid landlord liability insurance package. Get one that protects you from unlawful eviction lawsuits as well.

Are you currently in el DF? Are you safe from the outcome of the earthquake?

@Leslie Pappas Thanks Leslie for the reference to Rereport.com. I will definitely check it out for my own investing.

@Jun Yang Hi Jun. I just sold my apartment building in downtown SF and netted close to $1.5M after closing costs and fees. So I have that amount and will have another $1M to invest sometime in early 2018. Basically, I'm in the same boat you are as an investor from the SF Bay Area.

What I am doing is looking to the Central Valley (Sacramento-Stockton-Merced-Fresno corridor). Sacramento is extremely hot and everyone is trying to purchase something in that market. Cap Rates are now in the 4-5% range, which is causing me to look elsewhere for higher yields. 

Based on my investment criteria of 1) Cash-on-cash return, 2) Value-Add opportunities to increase the equity, 3) Cash out to purchase a property 2x as large (and continue that process with each new purchase), 4) Take the cash flows from each property and reinvest it into "smaller" properties (~$1M range) so I can follow the same process but 1031-exchange them into larger and larger properties.

None of my goals/criteria is possible looking in the SF Bay Area. Thus, I need to look outside in the Central Valley. Ultimately, I will look into and purchase properties in AZ, NV, TX.

Depending on your time requirements (e.g. work, family) and what they allow you, you may have to look outside the Bay Area. 

But it all comes down to what your investment goals are and what you want to accomplish short/medium/long-term. 

If you want to stay in the Bay Area, your down payment needs to be 50% or greater in order to bring in an adequate size of cash flow. 

If you need any advice or have any questions please feel free to private message me. I would be more than happy to help out.

@Phil Pereira Is it the book by Brian Murray? If so, I have that one on my list.

Once you are done with it could you please let me know how it is? 

@Christie Salvador

Welcome Christie! You've found the best place to build your RE base. Don't let the high prices in Hawaii deter you. Keep marching and let momentum carry you!!