All Forum Posts by: Jordan Atkin

@Jim Glover 
I don't think there is a right or wrong asset class. There are pro's and con's to each. 
My experience has shown that returns on SF are stronger than MF on an initial cash on cash basis. I think you can create better deals working in the "residential" space, I have found that as the deals get bigger the other parties in the transaction are typically more sophisticated. Not always but generally.

What I like about commercial and 5+ MF is that when you increase the NOI it makes a direct impact on the property value. Not so much with SF. If you have a lot of experience and comfort in SF, feel content staying there.

@Russ Wahl 
I'd be a seller. If your going to be a flipper you gotta get some capital together. Keep building that machine and cherry pick the ones to hold. 

@Dave E. I'm not a marriage councilor so I can only speak from my personal experiences.
My girlfriend of many years is happy with me being in the drivers seat and is extremely supportive. I found the most success in discussing my vision of what the investment/cash flow could do for our future selfs rather than talking about the ins and outs of the deal. There was a lot more buy in and interest when it was about what it meant for us. 

Do some dream casting and get a vision of your life down on paper. You're doing it for the dream not for today. 

@Bastian Kneuse

I don’t deal with septics often but we have crossed paths a handful of times.

I would think that septic repairs might be easier than dealing with the sewer in a city street.

My biggest advise would be to comp the home against others on septic.

Are you going to move forward?

@brad it sounds a bit thin! 
Could be a good owner occupied. Here in Slc I don’t think I could make that deal cash flow. I don’t know Athens but with higher than average price and high leverage on it, it’s not a rosey picture. The 3 year term is too short to “let it ride” 

Best of luck

@Brad E. 

@Todd Strong i didn’t try to open the folder. Your post told me enough to help. 
If your newer, I’d suggest not kicking off your journey with a deal that needs to divert water from the house. 
What’s your strategy?

@wade 

"It's insane to risk what you have for something you dont need" - Warren Buffet

@Wade G.undefined

@Bernie Neyer I personally haven't had more issues with granite staining over other products. A tenant who doesn't respect the property can cause damage regardless of finish quality. My hope for you is that by having a higher end unit maybe you'll be able to be more selective about the tenant and it will all work out! best of luck

@Charlotte M. Varble if it doesn't jump out at you like something you want to pursue then I wouldn't recommend it. Get through some flips and go from there. Hope to see you at SLREIA tomorrow! 

@Chris Roberts Hey Chris! I agree with @Jaiden Olsen about the value of networking and the groups he mentions. SLREIA is even having their monthly meeting tomorrow (wednesday) evening.
Personally, I prefer to invest local where I can see whats happening with the property and the area. I'd say if you work in construction and are handy then it makes even more sense to stay local so you can put some sweat equity into your properties. As far as areas go, I always suggest people work the area that they drive between their house and where they go to work. That way you can swing by the property often and without going out of your way and you can drive different route to quickly become familiar with the area and values. Hope to see you tomorrow!