All Forum Posts by: Justin Lee

Hi,

Just curious as to what investors gauge as a good IRR for a single family rental investment? Assuming today's economics, many of the deals I'm running through a model are penciling at a c. 10% levered IRR. The property's CoC is rather low but decent upside through appreciation, would love to hear what people gauge in terms of good vs. bad vs. average for investment returns.

Thank you!

Justin

 Thanks Jack. 

Couple questions, would be (looking at buying a potential ADU property in College Park, MD). Just trying to tighten up my underwriting / model assumptions. Have a few questions below, would love if anyone has any advice.

1. What is a good range for variable operating expenses per month? This will be an expense / tucked away from rent. 
2. What is a good range for capex per month? This will be an expense. 
3. Would you assume you can grow rents by 3% every year?
4. What is a good IRR returns target? I'm assuming a 20 year hold.

Hi everyone, 

This may be a bit out of left field but I'm now living in the UK full-time but my aim is to come back to the US in 2 years once my Visa expires. However I am trying to buy an investment property for the time being in target markets that I think I can ultimately come back to (mostly looking in Denver, CO and Washington DC). Does anyone have any experience with out of country investing / could provide some guidance as to how fully to prepare?

I'm preapproved for a property across both states and have been talking to local lenders, however, I'm nervous that my first property would be somewhere I'm not currently located. Does anyone with more expertise than I, have any advice on the matter?

It would be much appreciated, happy to connect as well. Just looking for a mentor that I could learn from / help in any way I can.

Thank you!

Thanks all, separately. Are there any recommendations for cities within close proximity to Breckinridge? Are there any particular cities that have become more popular over the past couple years / imagine investors have continued to expand on areas where you're in close proximity to the most famous ski resorts. 

Hi, 

My girlfriend and I are looking to buy an investment property in/around Denver, CO. We are US citizens that now live and work full time in London. I'm keen to connect with any real estate lenders, investors, and agents in the area. 

Rough numbers but max purchase price at $400-450k. 

Thank you,
Justin

Hi everyone,

My name is Justin and I recently moved to London from NYC. However now I am looking to invest back in the US. I have reached out to a few personal connections (mortgage brokers, loan officers, etc.) and have gotten the general sense that an investment property would be min. 20% down with a c. 100bps increase on rate.

Wanted to ask the group if there are any other ways around securing a cheaper downpayment? Even 15% would be a huge help. 

Thanks again everyone!

Justin

Have a close friend that is looking to move into the DC area (within the city). What're people's thoughts on buying an investment property and renting to a friend? What are some things to keep an eye out for? Ultimately I see this as a good opportunity since I would like to move back to the DC market at some point (currently in NY). 

Thank you! 

I will say it's a bit expensive but haven't done any serious due diligence yet. Just wanted to test the waters and see if there were any tips for people who are trying to do what I am doing. Brittany, thanks for reaching out, could you please explain what you mean by restrictions have gotten tighter?

Started preliminary conversations w/ my family broker, financing would either come from me or through my sister/myself. 

Currently live in NYC, signed a 12-month lease ending in June 2021. I'll be in NYC for the foreseeable future but in the meantime, interested in buying within the DC area (will inevitably settle down there longer-term). Any suggestions on first steps from people that have experienced this before? The big issue I feel I'm running into is how to afford paying NYC rent as well as a rental property in another state. Any workarounds here?