All Forum Posts by: Justin Koopmans

Hey guys, 

So this question will reveal the newbie-newness that I still have but here it goes! Just was about to purchase my first list from ListSource for a direct marketing campaign and I get to the purchase page and then there's a bunch of different options for "Output Packages" that you can add to the order....

Are these additional output packages necessary? ListSource suggests "Standard Mortgage Leads" and "Property Detail Report Fields" but wouldn't I rather something like "Contact List Report Fields" or "Property Information Contact List"?... 

Or do I even need anything? Obviously I at least want the address of both the property and the owner of the property haha (in the case of absentees). I'm down to pay the extra to get what I need but I also don't want to burn money away...

So yeah.... Help! Lol

@Chris Martin I appreciate your offer I'll definitely let you know! I'll shoot you a direct message and we can chat more that way!

Hello North Carolina!

Just trying to do some due diligence for a deal that I've come across and wanted to see if you could help me out!

I'm looking at a mid-sized multi-family complex (9 units) in Rocky Mount and wanted to see what you guys could tell me about the cap rate for similar properties and the area class around there. I've spoken to brokers and to the owner of the property and I get mixed results. One broker has told me the going cap rate for the area is 7.5% another said 10%. The owner says it's a class C low income area, but others say B. 

Obviously area class is mainly subjective, so I get the differences there. But I just wanted to see what opinions and such I get back from the helpful community of BP to help me sift through everything :) I'm looking to figure out the cap rate just to help determine the "retail" value of the property, and area class, well, so I don't buy in a war zone or have issues down the road. 

This would literally be my first deal ever, but I am going to be partnering with my father who has over 20 years investing experience, but he would be new to investing out-of-state, so we just want to make sure we know enough about the area/market there before we dive in and submit an offer. 

Thanks a ton!

Obviously this is a super old post that I am quoting, but I thought of something that might make it better so here it is :) I just think (just a thought, of course) that it would be even AWESOMER if we could search by county as well! I'm looking in some rural areas and it would be super helpful to just group the whole county together instead of having to add each city by city... Also, there appears to be a glitch..... When I apply the filter "Sacramento, California" not everything pulls up from Sacramento... I know because I had just looked at a 2/2 house recently posted in Sacramento when I searched in the whole state of California (haha), and then it wasn't there when I applied the city filter... So yeah. Just so you know :)

@Cody L. that's what I figured... But I wasn't 100%.. I wonder when the last time was that California voted red haha.. 

 Right makes sense. That's what I am noticing as I run some of these numbers on properties there. Hmmmm.. Lots to think about. 

Stockton I presume?  

To clarify, I would be moving to a rural area, Amador county to be exact, closer to San Joaquin county where @Kyle J. is active. So I'm glad I'm getting different perspectives here. 

@Andrew Johnson, are you yourself a buy and holder? What would you recommend for someone like myself who is going to move to Northern California and wants to jump in the game? 

@Greg H. that thread.... Dang man.. That's crazy.