All Forum Posts by: Jered Sturm

@Mohamed Abushadi Welcome to the site! I found it years ago and it has been a wealth of information and resource since then. I am experienced in real estate but new to the area. I just moved to Kennesaw to expand our REI company down from Ohio. If I can ever be of help in your new venture/education please feel free to reach out.

@Patty Streufert Welcome to the site and good choice with multifamily. I was born in raised in Cincinnati and actually the last place I lived there was Westchester so I know your target area well. Our company was formed and still holds a portfolio in Cincinnati but we have recently expanded into the Georgia markets which I made the move for. 

If you every have any questions you'd like to bounce off me I'd be happy to help if I can. 

Best of luck on your new venture!

Hello BP community!

I recently moved to Cobb county to expand out Multifamily investment company down from Ohio. In the past, we were heavily involved in Single-family flips in Ohio. We are now considering adding that strategy to our Georgia operations as well. Our background is in construction so we are very comfortable with highly distressed property.

Before bringing back this strategy into our business I would enjoy meeting some of the local experienced rehabbers and wholesalers to get their inputs on Cobb county, Paulding county, Douglas and other in the NW Atlanta markets for flipping.

Being that we are an all cash buyer that does our own inspections we are one of the easiest fastest buyers to work with. If any wholesalers would like to add me to their buyers list please feel free to use the email in my signature below.

@Darsh Patel you seem to understand the basic pros and cons of each. After that it comes down to your own goals. If you want wealth preservation and net worth accumulation. Maybe you make enough money a year you don't need more you just want a place to let your money go to work for the long haul in that case the  15 year debt may suit your needs better. If you ar looking to make more money monthly and need that income now you may want the 30 year. 

There are other factors that go into this choice but the biggest is by far your own needs and goals. 

Best of luck on your investing!

@John McAuley  Brandon hall did a great job of explaining above. In addition to that here is a good article from BP explain this more. 

https://www.biggerpockets.com/renewsblog/2014/09/11/yes-you-can-write-off-your-depreciation-heres-how/congrats on your first year with rentals! Good luck moving forward. 

@Alex Aguilar We have done well for cash flow in Cincinnati Ohio. 

@Steve Sellars BP is an awesome place to begin your new venture. I found BP several years after opening our real estate investment company. I could have avoided many bumps in the road if I would have found it earlier like you had. 

Best of luck on your venture. Let me know if I can ever be of help. 

Interesting Thanks for sharing @Account Closed

It all depends on the specific asset. You could have a 120-year-old property that owner pays Gas electric and water, and the property is constantly needing major repairs. This could push the operating expense ratio into 60%-70% range or even higher depend on management. On the other side, you could have a new build that owner pays no utilities there are no major maintenance issues because the building is brand new and operating expenses ratio could be 30-40%. 

If you HAVE to put a rule of thumb on it I would say 50% of gross income goes to operating expenses, but again this fluctuates highly depending on the specific property. 

@Steven Steffel is spot on. Find their problems and then figure out how you can best solve them. Explain why this way is advantageous to them and you are likely to get the deal done. If you try to deceive or take advantage of people it will never work in the long run. 

Best of luck on the wholesale!