All Forum Posts by: Alan Charles

I am encouraged to research further into the Baltimore buy and hold rental market due to the rent to value numbers. My intention is to buy and hold a stack of SFH's in a good cash flow area. It appears from my initial research that its possible to find tenants that stick around for a year or more in a C area in Baltimore and still achieve 20% net cash on cash? If not in Baltimore can anyone beat the numbers in any other areas where this is conceivable?Regards Alan

Can anyone recommend a real estate specific accountant? 

Thanks for all the replies so far. Good question @James Park. I guess it would be a little easier with a million. There must be plenty of places to invest in multifamily property with a purchase price of $4million and if you put a million down and finance the $3million at 6% with a CAP rate of 10% you would get a cashflow of $220,000 or 22% on your money. I guess that would be possible in Texas, Indiana, Ohio where @Engelo Rumora  mentioned and certainly in Baltimore where @ Ned Carey mentioned. Not knowing these neighborhoods though I would have to ask Ned and Engelo thier opinions to risk and reward and other individuals on the ground in the respective towns. Realtors that like to talk can be a good source of information. Of course this would depend on borrowing $3million at 6% and finding a good deal with a 10% CAP. There may be other strategies. How about self storage? Mobile Home parks or even a commercial strip as@Joel Owens described. I would be interested to hear any more creative suggestions.

I've met those guys too! Chandeliers and gold plate expected for a song right?

Thanks @jscott for cutting to the chase. I appreciate it. Regards Alan

Thanks, bedtime reading perhaps. Although there are so many interesting threads on bigger pockets that I don't think I could get through them in my lifetime! I heard on a podcast yesterday that 1000 new posts are added every day! I need to prioritize I guess. Anyway, thanks bigger pockets for the fantastic information about my favorite subject.

Thanks @jonklaus. That looks interesting. I am not planning to build and really just need a ballpark figure to make a calculation for a lot that I have been offered to see if its worth buying to flip or wholesaling. I read the first page of that post and found that the price started between $60-$120 dollars per square foot down to $65-$85 in a further post. Without reading the 519 replies can you or anyone give me an accurate ballpark price per square foot to build in Atlanta or confirm if $65 - 85 is about right?

I apologize in advance if I am just being too lazy to phone three contractors in the area for quotes, but I had expected someone on bigger pockets could help out?

I have used them to provide a fast proof of funds letter to help making offers but that's all.  Whether or not they actually follow through with the actual lending I cannot tell you as I used funds from elsewhere. They served a purpose for me which was fast and efficient. Hope this helps a little and that you get an example of someone who has had a fuller experience with them soon.

Does anyone know the price per square foot  to build a  reasonable quality finished single family house in Atlanta GA ?

Here is a question that I was asked the other day that got me thinking. I wondered if anyone could be more creative than I was in finding a solution to this challenge as my answer was a dull buy and hold and keep forever with conventional finance . If you had a half a million dollars to invest and the objective was to earn a yearly income or cash flow after all expenses of $100, 000 per year from it ( in other words 20% Cash on Cash return) , how would you do it? Where would you do it? Which strategy would you use? How would you minimize the risk to your capital? Who can be the most creative?