All Forum Posts by: Kristofor Rahmas

Thanks @David MacClintock.  What figure would you use for vacancy if you were running numbers for the area in Cobleskill?  I did find another site that quoted 5% vacancy.  So i have one site that says 17% and another that says 5%.  Big difference and makes or breaks my calculations.

Also, do you know of any property managers in the area that are good?  I can only pull up a few names with no reviews.  Appreciate all the help!  

Your name sounds familiar...if you went to Charlotte Valley, we may have crossed paths :P

Hi everyone!  I have come across an off market deal in Cobleskill NY.  I grew up in the area so i know its a very rural sleepy college town.  As a result, I can't find a lot of information to help me with my due diligence research.  My main concern is vacancy which is around 17%.  I would like to avoid using it as a college rental as I don't plan to be in this area too long and don't want to deal with turn over year after year.  I am not completely against it tho as Cooperstown isn't far away and it could be a potential lucrative summer AirBnB option for all the people that travel there for baseball.  

All the numbers look good however my main concern is vacancy.  If any Albany, Schenectady or Oneonta investors are familiar with the Cobleskill market, please give me some insight.  This would be my first deal and i just don't want to make a stupid decision I'll regret.

Hey everyone!  Just have a question on starting out.  I've read alot books and been scouring this site...the books all cover all the different team members for investing...however, I am still not clear on order of engagement.  What should be done before I reach out to a Real Estate agent to start running through deals?  I don't want to waste anyone's time if I'm not prepared.

My job is completely remote job and i have no roots or family and move around often. Right now I'm in a very rural area but won't be here long after i find my market. I am looking to find a cash flowing market to find a duplex or triplex i can house hack. From there, i'd plan to pick up a few more properties and build a team (and getting to know the area) during the FHA year requirement before moving to an area i'd actually want to reside. From there, i'd continue investing in my market from afar....maybe eventually look to diversify to other markets.

My question...who should I engage before actually starting the search with an agent? Should I get pre-approved? Can the bank be local to me or should they be in the market i choose? Should i get a CPA first? Some one to help me set up LLC? Real Estate Lawyer? Who should be located in the market I choose and who can I engage remotely where location is a non issue?

If anyone...especially someone nomadic like me...can give me a timeline of when to engage each team member and which should be in my market, it would be extremely helpful!  Thanks so much.

Hi everyone!  I have been researching real estate investing for the past year and I'm ready to make the jump.  I am looking to purchase a buy and hold Multi family in the Florida area.  I am looking to target the Tampa to Orlando area.  I'm single with no roots and I work remotely so the idea is to house hack the first year so get the 3% down and use the remainder of my savings to pick up other properties after building out a team.  My goal is to be flexible so I can move to whatever area makes sense with the market in the future.

My question...I am not finding a lot of decent MFR that cash flow 150 a door and have at least an 8% cash on cash rate just targeting the Orlando area. As a result, I'm looking to cast a wider net for areas surrounding Orlando, Tampa and Lakeland. This is a large area of land. This may be a silly question as I don't find it posted anywhere else. How much of an area will an agent typically cover? Is it acceptable to be working with multiple agents for different areas? I seen some comments about having to sign a contract...is that common?

Any help would be appreciated!