All Forum Posts by: Jim Pellerin

@Jeremy Melloul the best ARV tool I have found is from dealcheck.io. They have a free subscription. Their paid version is cheap, like $15/mth. and it provides lots of comparibles. And nice reporting. https://dealcheck.io/

 @Solomon Nguyen Checkout Crowdstreet. They always have very good offerings. Most of the people who are on there have been around for 20 years or more and have performance records to prove it. Most people don't know about these offerings because they are only available to accredited investors. Investors are limited partners so they hold equity positions in the investments. It's owning real estate without the hassles of owning real estate. And these guys have billions of dollars of assets so they aren't going anywhere. Maximum return, minimal risk, passive investment.

Crowdstereet: https://www.crowdstreet.com/

IMG: https://imgre.com/

@Solomon Nguyen He needs to be investing in large private equity deals earning 20% plus.

@Ethan Dalton Wilkins I would be in such a hurry to dive into mfu ownership. If you can do fix and flips, I would continue to do that until you are able to earn a substantial amount of cash to invest in larger apartments.

 @Gerardo Waisbaum Good idea. Now the question is what's small and what's large? Are you referring to the standard 4-unit cut off? If not, maybe 100 units+ is large. 

 What's your purpose for wanting the cap rate?

@Lorraine Gaudin If you have the owner's name, you can skip trace it. There are lots of services out there. If you don;t have the owners name, you can do a search in various county records.

@Felipe Dossou Just do a google search "cap rates for {city}"

Here's one for Houston.

https://apartmentloanstore.com...

@Juan David Maldonado I'm assuming you plan on going more than a couple of deals since you said "wholesaling business". I have and I would recommend it. The main reason is it protects you personally from any legal issues you might get involved with. It also adds credibility when doing transactions. It's fairly inexpensive to set up and may cost you a bit to do your filings.

You dont do the due diligence, your buyer will. 

For your fee, a good rule of thumb is 10%. Max out at $5K for under $100K pp, $10K for $100k to $200k. After that it depends how much profit is in the deal. And all this only makes sense if all the other numbers work.  Also, if your fee is too large the flipper may not like it.