All Forum Posts by: Landon Hoffman

Hey BP! Very excited to have investors from all over the country in our beautiful city for the BP conference. I work with investors across the country investing in multifamily properties across middle Tennessee. I would love to connect with anyone looking to learn more about Nashville and the surrounding areas. Feel free to reach out with questions for me or our team!

Your CoC is that high because the only cash you're putting in is closing costs. Math works like this:

( (Monthly Cash Flow x 12) / Cash Invested ) x 100 = CoC Return %

( (456.79 x 12) ) / $1,976 ) x 100 = 277%

Hypothetically, take away closing costs and actually put $0 into the deal and your CoC is infinite because you put nothing in and have a return. Pretty sweet deal.

Quite honestly, there is money to be made in every market if you buy correctly. If you're looking for natural appreciation and some cash flow, use the strategy that your friends have suggested. With that strategy, however, you will probably miss out on forced appreciation (equity creation) and some bigger cash flow numbers because of the premium you would have to pay to buy in those areas.

More importantly, the best places to invest are the places you're familiar with and areas that you have a team in place. Wherever you decide to invest, make sure you have trusted lenders, insurance agents, attorneys and MOST importantly great property management. Property management will make or break any RE investments you make.

In terms of metrics, look for population growth, job growth (2% over the last 12 months), low crime rates (Trulia crime maps). If you're that interested, this is a great resource (udemy.com/realfocus).

Good luck and feel free to reach out with questions!

@Dan Nguyen Multi Family Millions by David Lindahl, breaks down the full process of creating a successful REI business

I’m looking at around 200 units in Jackson and Memphis, TN area and was interested to see if anyone had any success/experience investing in the area?

Potentially looking for property management resources and any other helpful information and contacts for the area.