All Forum Posts by: Hunter Locke

Welcome! Thanks for serving and I'm glad you discovered real estate while on Active Duty, get some!

@Nicholas Cook - For this I recommend Frank Gallinelli's software. I've used the Pro version to do some very complex and creative forecasts and I can't say enough good things about it. It will easily handle question 1 - yes. 

For #2, if it's a long term hold, I'd just put the model out to 20 years (the max in RealData's software) and the investor presentations will show returns by year, including IRR. If memory serves there's a report that shows NPV, but obviously you can get that number out one way or another since it's the cornerstone for the other metrics.

If you want some help with it or want to discuss further, happy to chat, feel free to DM or email me.

You could let them know where rent is going to be in the near future (900) and then ask about their situation, let them know you value them as tenants, offer some concessions, but in the end they need to accept that within the near future they’ll have to be on a year lease at $900. You could work with them to gradually increase it, offer a first month free for being long term tenants, etc. just my thoughts typed out on this tiny keyboard!

Thanks for sharing! Valuable stuff...

Yes I have, I'll shoot you a message. I suggest checking out some of the webinars that BP puts on, @Brandon Turner covers deal analysis very well.

I meant the former, just "mentoring" you during the process. You could always take the deal to someone experienced and give them some equity in exchange for "partnering/advising". Just a thought though, by no means mandatory in my opinion, just maybe a way to mitigate the risk.

Do you have someone you can trust to go through it with you? 

Congrats on making the jump, don't lose the drive!

@Farhad Rahmani - I have not attended this one so I can't speak to it's quality, but here's one I am aware of in Polk County - https://pcreia.com

Congrats Casey! Way to do the work.