All Forum Posts by: Jake Moran

@Tim Bradley Yeah, you would still need to seal again after grouting.

Tip that I heard (but haven't tried myself yet) in case you still have more grout to do. Normally you would spray a sealant on the tile after grouting (or maybe that's only if it's marble, not sure) -- but if you spray the sealant BEFORE grouting, then the grout won't stick to the tile as much and is easier to wipe off (downside: your dance party doesn't last as long).

Ben, same question -- what do you mean by COC "excluding capital events?"

Additionally, why is Debt Yield more useful than DSCR if they are both based on NOI? Wouldn't debt yield be just as "meaningless" when looking at a value-add? Or is debt yield based on an average estimated NOI over the entire hold period?

Thanks!

@Sam Grooms -- When you say "excluding capital events," are you saying you exclude capital expenditures from your calculation of CoC? Thanks!

Good to know, thanks.

@Satha Palani Thanks for that advice. I'm curious, in that Battery Park area you referenced, can you hear noise from the raceway at all? If not, do you know how far north you can go before the noise starts to become very noticeable?

Invitation Homes doesn't do flips or commercial, they do strictly SFRs. Their S-11 has a lot of good information about how they analyze the SFR market and why they think it's a solid long-term strategy:

https://www.sec.gov/Archives/edgar/data/1687229/00...

My guess is they went public just to get some more capital. I don't think it signals that the long-term outlook is bad, but probably more likely that their net yields have peaked.

I think the biggest danger would be trying to invest in the markets they are in - would be tough to compete against them.

I'm curious @John Brinkos, did you decide to purchase the property and if so, were you able to get the price down at all?