All Forum Posts by: Kyle Myers

Thank you 

Could anyone provide opinions or even direction/link on previous discussions within BP (I attempted to search already) on startup expenses to expect outside the obvious property related purchase/maintenance i.e. legal fees, websites, accounting, etc.

Have not invested in first deal yet, but expect to in the next 30 days.

I have a tendency to overthink/plan as much as possible ahead of time. How much should one have in place systems wise before proceeding with purchase. Do I need accounting/Quick books setup? Website, emails, etc setup, LLC? Cost wise i'ts not prohibitive by any means, but is it necessary?

I know it can vary on all sorts of factors, but interested in route others took either have all in place, or just jumping in and buying and dealing with it all as you needed it.

Start with Why.

Finished this month. Not investing book, but I have been reading REI books and podcast last couple years. This one really made me look at my current career and life to give me that push to actually put down actionable plans and start moving.

I'm aware of the pitfalls of SFR vs Multi in regards to being susceptible to vacancies and I'm sure I will kick myself when I hear the answer, but if a person buys a batch of SFR, say over 8 at once, is there a reason they can't be treated/managed as a multi unit portfolio? What's the difference in having 8 unit apartment and 8 unit/Single homes in a small neighbor hood or geographical area?

Thanks for any input

Kyle

First time posting. Looking for advice if I'm on the right track in analyzing properties. I've done several and while I know not every property is a deal or will make money many of the final numbers I come back with based on the listed sale price seem way off so want to make sure I'm not crazy

I'm at beginning stages of making sure I can quickly and accurately analysis a property. Not necessarily even choosing properties at this time I would want or afford. I have an example of a local site I did below

Regarding the template I'm using. Is it too much? Should it be simplified at all?

I'd be interested if anyone has the time or desire to analysis this same property with their own method and see what numbers you get as a purchase price to make it profitable/worth investment. 

Yellow cells = user inputs. 

Numbers below reflect renting both sides of duplex. 

https://www.dropbox.com/s/bnr89cpu9krrkxn/REI%20An...