All Forum Posts by: Oliver Graybar

@Addam Driver that’s good to hear. Do banks look at rent going up based on repairs or the value of the apartment building itself?

6 unit 12 bedroom apartment that has had 2 of the units redone but the other 4 still need to get a facelift/update. Can you use the brrrr method for an apartment building? Also this is would be my first property, is this starting out to high? All advice is welcome!

@David Clinton III I called and left a message. Again thanks for even giving me the opportunity to talk and potentially meet with you.

@Cara Kennedy thank you for the kind input. I agree a mentor would be an invaluable thing for me. This may sounds like a dumb question but where would someone look to find someone that is willing to mentor on real estate investing? Especially because my physical location isn’t really close to a major city.

@David Clinton III My mistake, on the bigger pockets app it doesn't show the signatures below. I will give your office a call on Monday!

@David Clinton III that would be fantastic. Where can I find the phone number to your office?

I’m looking for a real estate investor that is willing to let me pick their mind sometime. Hope everyone is very successful working on their real estate dreams.

I comb through properties all the time and I finally came across one that I believe to be an absolute perfect investment. It is a 6 unit (2bedroom 1bathroom per unit) Apartment building that is literally 50 ft from a university campus. It also happens to be about 100ft from multiple restaurants and about a quarter mile from the Main Street in downtown. 3 of the units have been remodeled the other 3 need a facelift but nothing that will absolutely cost a fortune (paint, new flooring, etc.) It is listed at $550,000 which is pretty steep but this property will forever have tenants 100% based on its location alone. In 2012 each unit was renting for $725 a month. I was hoping someone would advise if this is too much to handle and this is a bone head move or I should start my real estate journey with this. By the way I am 23 and work full time as a project engineer for a very large General Contractor (I can fix the other three units myself and have a lot of professional connections in the construction industry if I get stuck) I am very new to this and was just looking for some guidance not a mentor.