All Forum Posts by: Matt Ward

@Abhi Golhar thanks

Looking for investor friendly agents in Georgia cities: Atlanta, McDonough, Fayetteville, Newnan, Peachtree City, Griffin, and Palmetto. Looking at some properties in the area and wanted to get some insight.

Thanks,

Matt

Thanks @Marcus Auerbach, really appreciate the guidance

This is part of my question. I wanted not to say this is a good deal, but that my initial calculations sounded good and they were worth pursuing more to find more information like this.

Thoughts?

Thanks mate and no worries, I will figure it out. With a big enough down payment will a bank just say F it and give me a loan?

Hi,

Been trying to learn as much as I can and run numbers and wanted help of some folks with local experience. Have been looking in Fayette, Coweta, Henry and Fulton counties and have found a couple deals that to me seemed good. Wanted to get some second opinions as I'm pretty new. Thanks.

All of these are based off my numbers and seller reported numbers. Can you say from looking at these if they are good, if my values are way off or what thoughts would be? Would really appreciate help.

Deal 1:

Purchase Price: ~90k

# Units: 2

Rent: 1300

Cap Rate: 11.40%

1 Year Cash ROI: 16.61%

1 Year Net Cash Flow: 3734

Deal 2:

Purchase Price: ~175k

# Units: 3

Rent: 2400

Cap Rate: 12.82%

1 Year Cash ROI: 24%

1 Year Net Cash Flow: 10198

Deal 3:

Purchase Price: ~80k

# Units: 2

Rent: 1160

Cap Rate: 11.92%

1 Year Cash ROI: 18.15%

1 Year Net Cash Flow: 3534

Deal 4:

Purchase Price: ~120k

# Units: 2

Rent: 1450

Cap Rate: 10.21%

1 Year Cash ROI: 12.63%

1 Year Net Cash Flow: 3612

Deal 5:

Purchase Price: ~83k

# Units: 2

Rent: 1300

Cap Rate: 11.21%

1 Year Cash ROI: 15.68%

1 Year Net Cash Flow: 3328

Deal 6:

Purchase Price: ~100k

# Units: 2

Rent: 1600

Cap Rate: 12.37%

1 Year Cash ROI: 20.82%

1 Year Net Cash Flow: 5154

Thanks,

Matt

Hi all,

Starting to get into the real estate investing world and want to deploy cash from existing ecommerce business into more long term, sustainable asset. Have no experience with real estate and no desire to manage own properties. Also living out of country.

Recommendations and advice on hiring a team vs investment agency to help deal with everything from day to day maintenance to doing deals and purchases? Also what is cost for someone to run the investment side of things? Any experience/advice would be really appreciated.

Cheers,

Mat

@steve 

@Steve Vaughan no, won't be house hacking.

Is the Churchill mortgage only for UK properties?

Understood on larger multi-families. Where would that fall then?

Credit/Real Estate Question

I have no credit and want to invest in real estate. I paid for college on my own without a loan and didn't buy a car or have a credit card. Now business is going well and looking to progress to real estate and in a pickle...how?

Would love advice. Goal was buying multi-family properties and with 30 yr fixed loans and I could start investing a good deal of business profits (or sale profits) into buy and hold, cashflowing real estate.

But how the hell could I get a loan. They won't give me a credit card. I have a secured credit card now just to pseudo build up credit but come on...thoughts?

That is very helpful on the LLC/S Corp front. So opening an LLC under my existing S Corp may be best bet.

Where would you recommend to look to find seller financed deals for multi-family properties. Struggling with searches and sites. 

Also what services does your company provide?