All Forum Posts by: John Matthews

Hi Everyone,

My name is John, and this is my first (second?) post on BP. I'm in my late 20s, but only started working my 9-5 (7-4 in my case) 3 years ago and I'm supporting my fiancee through school, so I'm still working on putting away cash for my first investment.

I plan on starting a few posts to ask specific questions but I'll just explain a little bit about what my goals are here.

I'm planning on partnering with one or two friends for financing, as well as getting some private money from family to help with the initial downpayment on a multifamily in and around the area, ideally within 1.5 hours of Philly, perhaps up to king of prussia, or down to newark, delaware. I'm looking for properties in class A or B areas, with a preference on cashflow. I'd like to manage the property myself.

As for myself, I'm a Mechanical Engineer working in KOP, graduated from UD and plan on moving out west (washington, oregon, colorodo, etc.) once my financee is finished with school.

Not sure if there's anything else I'm missing, but if so, please feel free to ask. I look forward to chatting with you on the forums!

Sorry for reviving an old thread, but I've got the same question

@Andreas F. were you able to find the webinar? I'm looking for similar 10% cap rate properties, and was thinking that I was limited to buy fix and rent properties, but I'd be open to turnkey concepts. My only concern is getting it with a bad tenant. Can you PM me with more information? To @Account Closed were you able to find additional info on realistic (but lofty) cap rates in our market are?

Thanks