All Forum Posts by: James Barry

Hello friends,

I am a multifamily broker in Houston who would love to get to know investors large and small in the Houston area. Would love to get to know you!

Technically a recession is consecutive quarters of declining GDP growth. Things such as money supply, new construction, market rents, etc, are the principles to be concerned with.

Chase,

Welcome to Bigger Pockets! It seems like you're really passionate about everything you do, I sure wouldn't  bet against you. 

-James

Hi everyone,

I am a recent college graduate and new real estate agent. Like all of you, I have my eye on pursuing a career in real estate investing.

My question to you, is what was the moment where you had ENOUGH and finally got STARTED and pulled the trigger on your first deal?

I would love to hear your personal stories and if anyone is in Houston I would to provide value to you any way I can. I’m just one click away!

@Wayne N.

Hi Wayne, one possible way of finding deals is working with a realtor who is investment minded. I would love to hear more about your plans.

Best,

-James

@Mika Mayz

Hi Mika, James here, I personally feel like the 2

Percent rule is a bit overrated for the multifamily space. Multi family is all about increasing income and decreasing expenses as this directly influences property value.

Where this is not the case in traditional SFH. I wouldn't mind answering any other questions you have in regards to Houston.

Best

@David Waddleton

Hi David, no one knows if this is the right deal for you more than YOU.

My advice to you is to ask yourself if this is the best deal for me right now? What are your goals? Are you looking for experience and can deal with minimal monthly profit?

Be confident in yourself and a good decision will manifest.

Hope I helped.

@Brady Gunn hi Brady, I’m James.

I also have my mind on investing. Pleasure to meet you.

Hello everyone,

I was hoping to get some specific answer involving refinancing for multi family units.

I'm aware of the basic concept that a properties NOI determines the value of a commercial property as apposed to comps for single family.

I was wondering what specifically is used to evaluate NOI for refinancing purposes.

Which expenses are/are not included when deducting from gross rent?

Taxes? Insurance? Mortgage payment?

Repairs and maintenance?

Thank you all!

Thank you Gentlemen!