All Forum Posts by: Julien Rickard

Hello Amazing bigger pockets community,

After reading multiple books on REI investing such as Million Real Estate Investor, ABC's of Real Estate Investing, etc, Some of the rules that I am frequently seeing is the cap rate formula and the 2% rule for cash flow analysis. I wanted to see what are the best true time and tested formulas used by active investors that you use to analyze a deal. What is your criteria/formula for cash-flow analysis on your investment properties. I am basing my numbers on the total investment and not the purchase property.

The wealth of valuable information from boots on the ground investors here is fantastic. I am looking to keep my plan, and move it forward to the Turnkey options in the Ohio,Texas, Memphis and Florida areas. Read Chris Clothier's article on Turkey Investing along with speaking to some investors in my local area who invest out of state and advised me, based on my goals that turnkey is best. 

Greetings @David Faulkner , My thoughts exactly. Everything you said is what I am looking for. I would love to sit with you if your open since you are an active investor local to me. How can I get my cell or email over to you.

Hello @Ali Boone , looking to initially purchase duplexes, triplexes and quads if I am within my budget. The areas am looking into are ohio,florida texas and arizona

Thanks so much @Matt Motil & @Aaron Mazzrillo for your advise. I will definitely reach out to you Matt & Federico based on your experience/expertise in the Ohio area with your out of state investors

Aaron, yes that is my goal, to make multiple purchases through the course of the 2016 year as my funds increase through the year and once I have 5 separate multifamily properties which all will be owned outright, to use them as a collateral for a much larger unit. Hopefully I will be in a better position as time commences and will be able to buy my first complex closer to home., but at the end of the day the deals/properties have to make financial sense. I definitely know its not going to be all sunshine and rainbows but I do think there is some opportunity to learn, grow and expand my education in this area and financially instead of "parking" my money at the bank. Aron I would love to dialog with you more as well on your experiences.

Hello @Federico Gutierrez thank you, would you consider the West End to be a A-C area and do you think the rent rolls reflect better. I am amusing so , but i know to never assume.

Thanks @Melissa Gittens

Hello @FSparkles thanks, would you consider the West End to be a b-c area and do you think the rent rolls reflect better. I am amusing so , but know to never assume.

I have yet to to do research on the Connecticut market. What statistics do you have for the Connecticut area and do you have properties that you rent out in Connecticut. Thanks for connecting 

Hello Matt Motil,

Based on the Ohio area as a whole, what areas do you think are suitable/desirable (less headache) for my current price range.  Thanks for your input