All Forum Posts by: Michael Martorella

I’m a new investor looking into the Newark/Kearny market and I’m seeing low cap rates and low cash on cash returns compared to other markets in the NE region (e.g. Lehigh Valley area). It doesn’t seem like buy/hold for rental income is a viable strategy in NJ markets. Is this the case?

I understand every market is different and am wondering what other strategies are used in higher COL and hotter areas.  What are the metrics for which you’re optimizing?

Or if you have found success with buy and hold for rental income, how are you modeling these deals and when do you start seeing positive CoCROI?

What was your experience like?

What prep and research did you do before finding your first deal?

How was the experience?

Are there drawbacks to having a non-business bank account attached to an LLC (and used for business purposes)?

Curious what types of bank accounts you all use to hold your rental income and security deposits.

Some context: I'm new here and am modeling out potential deals using IRR as one of my main signals. However, IRR assumes that returns (cash flow) are reinvested at the same rate (which they're certainly not). Instead I can use MIRR which requires the interest earned on cash flow as an input. I'm trying to identify a good number and, in parallel, a good bank to use. Most bank accounts earn less than 2%.

Are there high yield business checking accounts available? Which accounts do you prefer?

Hi All,

I'm looking for a CPA in the NYC area who specializes (or has significant experience) working with REI entrepreneurs. Ideally they also have RE investments of their own.

If anyone on BP can refer me to one they know it would be much appreciated!

I've begun looking for my first investment property and have read in multiple posts that you ought to have a real estate broker/agent dedicated to you (as the buyer) instead of using the listing agent (seller's agent). I'm wondering how many of you abide by this rule and, if you do, what are the benefits? I understand the concept of fiduciary duty and a dual agent, but I'm not understanding how a buyer's representative would benefit by pushing for a lower purchase price (and thus lower commission).

Assuming one does want to interview and 'hire' a real estate broker, should they be local to the target city or is it enough if they're familiar with the general region?

Hi All, I'm currently reading Brandon Turner's book and he outlines a few example investment plans (e.g. achieve a net worth of 1 million). I'm wondering if there are other example plans available to look at and use as templates?

I'd like to see a few different variations and examples as I do my research. As of now, I'm aiming for buy and hold multi family units with a focus on cash flow (with the aim of living off of the cash flows after building a portfolio over 15 - 20 years).

Thanks in advance!