All Forum Posts by: Nick Cassidy

@Michael Seeker Thank you! Rentometer is my go to as well, but they only allow so many rent checks for free then its a subscription. I'm probably just going to risk it and get the subscription because I use the site enough where it will continue to be a great investment tool for myself.

PadMapper and the other sites you mentioned are great resources as well! If I can add in there, looking on craigslist.com is also great. While the larger sites you mention give market value and typically include inventors who use agents to list the apartments, craigslist has a lot of investors that are inexperienced/ not using an agent and renting out units for a much lower rate than the geographic average. To this day I have never used  a real estate rental agent and have always gotten great deals on my rentals through Craigslist. So adding that (if you already  haven't) to you list of sources to analyze the market with would be great too.

Thanks for the feedback!

Hello all,

I am about 16 months out from putting my first offer in on a multi-family. I plan to do an owner occupant loan, and I want to know if you all know of any good average rent calculators that base the rent off geographic location, apartment size, number of rooms etc. Although I know that this is not the only way to figure it out, I want to use another tool of sorts to compare to my market analysis of apartments near by that are similar and compare them. This is pretty much just for adding more research to back myself up so I am sure I can market the apartment at the best rent in the area.

I have found a few free ones but after a little bit of use they require a subscription, which I do not mind paying. However, I just want to know which if any that you guys think are best.

Thanks!

@John Steele I do not have much experience currently. I help a friend of mine out who owns a small real estate company here and there by doing carpentry work, but that's about it. I'm looking to buy for a flip, but keep for a long term return on investment. @Rob L. That being said I am looking to make it a passive income and over the years aquire as many complexes as I can. My goal is within 30 years to have collected my long term return on investment (appreciation) on the complexes I have owned and maintained and apply the capital towards a 200-300 luxury condominium complex construction. 

I am an ambitious realist whose journey started in a small town in upstate New York. I found my way to Massachusetts just less than two years ago and since have experienced many endeavors that have served as lifelong growth opportunities.

Growing up I was always interested in construction, as my father had a small construction business that I often worked with throughout my high school career. I was also lucky enough to be able to study architectural design at a trade school my last two years of high school and really enjoyed it, however I went on to study business in college. Upon studying business I realized the perfect combination of the three things I enjoy most (Carpentry, architectural design and business) is real-estate investment.

Upon that conclusion, I have developed a plan. My hopes are to purchase my first triplex apartment building within the next two and a half years through an owner’s occupancy mortgage allowing me to put 3.5% down and live in the building while I renovate each apartment. After this process is completed I would like to repeat again, and again. Once the process starts to take up all of my time and the profit margin proves to be large enough to support me, I plan to leave my day job and put all of my time and focus on growing this small side business into something much larger and more profitable.

That being said, I would like to learn more as I know I don’t know everything, or even much at all, and I am hoping to network and receive ideas and voice some of my own for others benefits. 

I worked alot with carpentry throughout my entire life. When I first moved to Massachusetts, it was difficult to find a friend group who knew their way around power tools,  however this summer I have made a few new friends that have benefited me greatly. One friend in particular had been crunched for time/ took on too many projects decided hired me to help finish some renovation projects on homes that are getting ready to list  or were already on the market. This has made me realize that there is no better time than now to start my career in real estate investment as there is no limits to what I can achieve. I just need to know where to start.