All Forum Posts by: Ken M.

 Hi Michael,

I'm specifically focused on heavy rain, large snow fall, and freezing prevention. I'm looking for recommendations beyond normal maintenance and up-keep that can either improve marketability or generate new revenues.

Recently, I spoke with an investor outside of Minneapolis that bought an empty lot next to an 8-plex of his.  Once he had the lot re-zoned to be part of his property, he installed a geothermal system in the ground and put a small play-park above the in-ground piping.  It's too early to tell if this will provide long term value, but I scoped the area and his 8-plex was located in a largely small SF neighborhood (so his MF property stood out in that respect).

 Hi Taylor, thank you for your reply.

I'm focusing on the areas I live in or have large amounts of family in - Michigan and Minnesota.

I'm looking to invest in out of state opportunities. I'm considering the midwest because its a market I'm familiar with and I have family and friends still there.

Does anyone have any resources for learning or best practices on investing in midwest properties? I'm mainly concerned with protecting against fall/winter...

Thoughts?

I live in Phoenix and despite the unreasonable equity in my properties, I'm deciding to hold on for the short to to leverage for a later move.  But, how the hell can someone step up in their own market when outside investors are propping up the values beyond reason?  Phoenix may still be a "growth market" in coming years, but right now the average home price is starting to exceed the average income affordability.  I guess I'm not growing as aggressively as I had hoped in the coming months.

I need wholesalers who are ready to go foreclosure hunting for me.

Hi Chris, 

I see this post was from 5 years ago.  Did you ever learn how to solve for this question?  I would love to learn the answer to that same question.

Hi Mike, 
I'm in Phoenix and have lived here for 15 years.  I'm trying to get into the MF space.  Would love to connect and learn more!

Hi Jamar,

Where did you learn to budget and plan for such a project?

Hi BP-Nation,

I believe I've learned what I can from tools, videos, and books about the math of REI. My next step will be putting it into practice... But one topic still seems unclear to me - how to structure a deal?

For 3 investors, with this being their first investment outside of 401k and first property, here's my question - What are some deal structures that have worked for you (BP-nation) in the past that I could learn from?

Other questions on my mind:

- what protective provisions are considered a good standard for any business deal (i.e. no profit sharing until a 3 month reserve is built)?

- what is a baseline on minimum reasonable leverage rate to protect again liabilities.

Hi Jack,

I live in the Phoenix Metro Area and looking to get into more properties in the Scottsdale market.  I'd be happy to partner with you in learning more about ways of breaking into the market.

I'm a first time renter and looking to make this a long-term income investment.  I'd like to know if seasons renters out there have a methodology around minimum profitability per property per month.  Obviously, we'd all like to make more, but what is the lowest amount a professional would consider in profits per month before saying 'no' to the property or deal?