All Forum Posts by: Jason Bergan

My honest opinion has always been that rentals should be passive income, and that property managers are well worth the money they charge but I understand the idea of saving money by self managing. If your long term goal isn't to self manage everything, there's no need to spend all your time and energy learning all the laws, regulations, etc that property managers need to know. Whether you house hack or invest out of state should all come down to the numbers. If you're going to invest out of state, interview multiple property managers and get referrals from their clients. Most will charge around 10% or a placement fee and then a lower monthly fee to manage. The better ones will also schedule maintenance and make the whole process run smoothly. Run the numbers on your criteria and see what makes the most sense. It's also a good idea to compare appreciation rates and population growth, etc. of each market to help mitigate risk, as some markets have good "deals" because of market decline.

Off Market 8 plex in Perry Iowa. The entire building has been fully renovated. Problem tenants were removed and the building is fully occupied. Asking price is $500,000. Coin operated laundry, near park, bus stop, and bike trails. Six 2-bed units, Two 1-bed units. Financials, list of renovations, etc. available upon request. Please email, call, or message me for further details. Phone: 563-880-9679 Email: [email protected]

Most properties are duplexes, there is also a triplex, and a fourplex and one larger unit that I will have more on this week. I am also currently working on a SFR portfolio of 13 homes. All of these properties are in Des Moines proper, ranging from Drake, , Waveland Park, Waterbury and more. Message me for more specific details due to the number of properties.

I currently have multiple multi-family sellers looking to sell some of their properties off. Prices range widely and properties range in size from 2-10+ units. Some properties have professional financials available at this time, while others are self managed and only have gross rent, taxes, etc. available. If interested please message me, or email me at [email protected]

@Jacob Breazile I would write a due diligence period into the initial offer to allow you to do multiple inspections and give you more breathing room. This will also allow you to check on everything from past financials, to zoning changes, liens, etc which doesn't always get caught in multi-family properties like it does in single family. A lot of this can be done by your agent or yourself digging into public records, which doesn't cost you anything and offers a lot of extra protection by allowing you to walk away during that period if you find something.

Adel SFR near the bike trail. Has a third non conforming bedroom in the basement. Last rented for $700 per month but should have been higher based on similar homes renting in the area. Would make a good rental again and has potential to be a good flip. Home sits on a double lot. Owner is an HVAC tech so all large appliances are well maintained.

Off Market Duplex that has been updated on one side. The sellers are asking $225k and the property brings in about $2,000 total per month. Each side is a 2 bed, 1 bath with a separate basement laundry room. Please email me ([email protected]) or message me for more information.

Financials and official pricing are available for this portfolio. Most of these properties have value add potential and half of them are priced slightly below market value. Please message me or email me ([email protected]) for more info. Financials are only available after signing an NDA.

Profit and loss statements and official prices per property are now available after signing an NDA. Please message me or email me ([email protected]) if you're interested.

Hi Drew,

I'm a realtor in Des Moines and work for Century 21 SRE. I help investors find deals and help advise them through the searching and buying process. I also have a strong network or property managers, inspectors, lenders, etc so that if I personally don't know the answer to a question, I can find it quickly. I also regularly know about multifamily properties before they hit the market which gives my buyers an advantage, and have a property management background. If you think I may be a good fit for your goals, or just want to chat please pm me.