All Forum Posts by: Kyle Mitchell

@Jay Williams We host a meetup that has 3 chapters, Long Beach, South Bay and West LA.  Let me know if you'd like more info on them, we focus on out of state apartment investing.  I am also open to attending a meetup in the Culver City area.

Hi everyone,

I am in the process of offering on a property that currently has aluminum wiring.  With all of the unknowns from possible lender and insurance requirements, my question is, should I run from this deal because of this?  Or are there cheaper or more cost effective solutions other than just replacing everything?  Anyone have experience with purchasing an apartment building with aluminum wiring and have any advice?

Thanks,

Kyle

Thanks @Omar Khan!

Hi everyone,

I am looking for an IRR sensitivity analysis template, any suggestions on the best place to find one?

Thanks,

Kyle

@Gary B. I have two that I would suggest, PM me if you're interested and I can send you more information.  Neither of them are mine personally so there is no personal benefit for me, they are just what I use and have found to be the best out there.

@Johnny Aliensy It really depends on your goals and where your focus is at but here are a couple that I would recommend.

Ken McElroy's - ABC's of Real Estate Investing

Paul Moore - The Perfect Investment

Any of the books offered by Bigger Pockets

Matt Faircloth - Raising Private Capital

@Tyler Lay This is something I pondered for a long time and I was a Plus member for a while before I upgraded to Pro.  In my opinion, this all depends on your goals and how far you want to take your real estate investing career.  If you are going to treat your investing like a business (which you should) then 100% yes a Pro membership is worth it.  If you are still not quite sure the level you want to be at then I would hold off for a bit, continue to be active on BP and come back to it in a few months and ask yourself the question again.  BP is a great resource no matter which level you are or which membership you have, it is all about what you want to get out of it.  Hope this helps!

@Hugo Navarro I would read both of J Scott's books, the book on flipping houses and the book on estimating rehab costs,  and I would also suggest Flip by Jay Papasan.

Hi everyone,

I am looking for referrals on good (and cheap) Monte Carlo analysis calculators for MF.  Any suggestions?  And how many people out there use this tool for their MF investments?

Thanks,

Kyle

Hi everyone,

Wanted to get everyone's opinion whether they underwrite the Capital reserves above or below the NOI line? I've heard both and obviously putting them above the line is more conservative but with as competitive as the market is right now I wanted to get everyone's thoughts.

Thanks,

Kyle