All Forum Posts by: Mark Taliercio

Hi Everyone - I wanted to get some opinions on the best way to increase deal exposure?

Traditionally we have invested in a few regional markets in the northeast that we are very familiar with, but recently we are looking to expand outside of this market. We are doing some surface level evaluation of other markets, but would like our next project to be a $2-4MM multifamily anywhere across the northeast to midwest. This price point has a pretty saturated buyer's pool, but I do not have many broker contacts outside of the areas I am currently familiar.

Beyond evaluating listings on Loopnet/CREXI and building relationships with the listing brokers of those properties, I was looking for some input. Are there any WhatsApp sale groups, active listings forums, or other resources that everyone uses? Any advice is appreciated, thank you.

 Thank you for the input Andrew. Yes we have an umbrella, but are looking for other options for the underlying homeowners insurance. Our most recent policy with $640K in dwelling coverage and 1Mil in liability is costing us ~$4,800 for the year for a two-family student rental.

Hi, just following this up if anyone has ideas

Hi All,

Does anyone have a recommendation for an insurer that will write a policy for student housing rentals? We have a portfolio but our rates in recent years have climbed dramatically and lender selection has narrowed. Traditionally we have purchased individual policies for homes (ranging from 1-3 units), but if there is a blanket policy that is more economical we would certainly like to look at it. Thank you in advance.

Location: CT and NY

I think we are going to know a bit more information about what your asking about

I purchase Shlage electronic locks for all of my rentals and find them to be very effective. 90-100$ per lock and they are very convenient, especially when doing renovations after purchase. 

Why would someone lend at 2.25% at 97% LTV?

It is financially sound if you are comfortable with the stability of the investment and feel that the return is worth the money invested along with your time.

Take a look at your ROI and make sure you are satisfied with it - managing 16 SFHs could be a handful but it is all about what you enjoy doing.

How much are you cash flowing from the 16 units?

What are comparable apartments in the complex/neighborhood renting for?

There are many factors to consider alongside cashflow, such as the investment amount (would a $2 million dollar property cash flowing 200$ a month be suitable for you?), possible appreciation, and type of property (college rentals will typically be more hands-on). 

I would suggest looking at the ROI, rather then cash flow, that you are getting for the cash you are putting down, and compare to other investment vehicles. If you are cashflowing $200/month, as well as building $1,500 in equity over the first year, you will have roughly $4,000 in value from your investment after one year. Had you invested $20,000 to purchase with a loan, you would have a 20% ROI, great for many investors. However, if it cost you $80,000 to purchase with a loan, you may not be as happy.

Best of luck in your investing.