All Forum Posts by: Michael Babin

@Todd Noe

I’m new to this too. Just purchased my first two sfh and looking to expand. Excited about building my portfolio.

Congrats on committing to REI

I was told by a local investor that in multi family units your months cash flow per unit may be a little lower that on a single family unit. I typically shoot for at least 200 per month cash flow after expenses on single family. In you let experience is the cash flow less per unit on multi family?

@Michael Noto

I have emailed a local bank to ask about finance options.

Just wondering does everyone use the BiggerPockets tools to run numbers on properties?

I am thinking of getting the pro membership so I have access to all info

@Matt J. Thanks. The occupants pay all utilities so that is not a problem. They are currently being managed by the current owners but I would look into using a PM so I would have to factor that in costs. I also think I could get cheaper than what is being asked so that would help too. I only set minimum percentage away for maint and cap ex and vacancy.

Thanks for all of the inquiries and info

@Courtney Fricke

I was just recently looking at your REIA. I want to come to your next meeting to network and build knowledge. Do you have anyone that invests in my area?

@Matt J.

Thx it's in a rural area but is close to a community collage that has the general area growing at a nice pace. This would be a HUGE deal for me being I am new to REI. It's not in a flood zone nor is there abnormal crime. The 1600 per month cash flow I thought was a good number given the expenses.

Hi everyone. Looking to get some help with a possible multi unit purchase. The property has a small sfh and 3 duplex units on it with land to expand in future. The taxes are about 4900 per year and insurance is 4000. The units currently bring in 4050 per month. They are asking 375000 for the property which is about 15 yrs old.

What are your thoughts and comments?

@Brian Bellanca

Thanks for the info

@Dan Barli

Thanks. I hope to build a nice portfolio in the coming years

What are some ways that investors find properties besides the usual realtor and Zillow websites?