All Forum Posts by: Martin Vehlow

Hey @Juan Alvarez, Pro Forma CAP rate is his projection of what returns the triplex would provide IF it was fully occupied and at market rents. Always run your own numbers (underwriting) because there are frequently mistakes and sometimes these numbers are inflated to make the investment look better to a casual observer.

Not sure what your question is for the next paragraph.

A survey is performed by a professional land surveyor which tells you the dimensions of the lot and if there are any encumbrances or issue with the placement of improvements on the lot. You'll want to have a survey done before purchasing as part of your own due diligence.

Keep educating yourself, nothing wrong with asking, there's tons of free info here on BP and on the podcast!

Welcome, happy to help however I can! :)

@Kristy Stevko, welcome to BP! I'm not familiar with your area, but you're in the right place, tons of free info here on the podcast, forums, articles, etc. 

I recommend "Think and Grow Rich", and "The Richest Man in Babylon" if you haven't read them yet, they're quite good for mindset and motivation!

I would start with a small multifamily utilizing FHA to get your feet wet and gain some experience. It is hard to do syndication if you aren't familiar with and sort of demonstrated to your investors that you have some level of competency and know what you're talking about! I would keep it as a longer-term goal and do something smaller while working your way up to syndication.

If you haven't already, I recommend "Think and Grow Rich", "The RIchest Man in Babylon", and educating yourself extensively! 

All the best!

Welcome to BP! Tons of great info here on the podcast, forums, and articles. I'm not familiar with your market so I can't comment on that but I will tell you house hacking using an FHA on a 4-unit is a pretty good way to get your feet wet!

Listen to the podcast, read the forums and articles and keep educating yourself first! House hacking is a great way to get your feet wet!

:) welcome!

welcome, you're in the right place!

Congrats on the baby! It changes you for sure but so rewarding!

The Airbnb seems like a good idea. I would focus on paying down all CC debt first since the interest rates are typically high. Have you gone through Dave Ramsey's Financial Peace or do you have a budget?

Once CC debt is gone (and stays that way!), I would start with house hacking a 2-4 unit.

@John Warren or @Brie Schmidt may know someone!

My understanding is that you are allowed to manage your own properties without one.