All Forum Posts by: Bryan Miller

Steve,

Thanks for the response.  For long term holds, I prefer the sunshine states, and states that are business friendly.  However for short term deals, I'll work in other areas. 

Feel free to PM me or send an email to bryanmillersom AT gmail.com.

I have cash and good credit and am looking for additional investing opportunities.

I’m interested in:

1) Partnering on deals with solid cashflow

2) Multifamily Deals in B or better locations, that have value add potential

3) Cash flow investments backed by real assets

4) Partnering with another experienced investor to split a bigger deal

5) Single Family Rental Portfolios purchased at a discount

I need a minimum of 12% cash on cash to meet my objectives, plus appreciation, equity paydown, etc. I have invest in opportunities with IRR between 18-25% so new opportunities must at least be competitive with those numbers.

Significant funds available for cash purchase or downpayment.

I currently own SHF, Multi-family, self storage, retail, mobile home investments

Goal is to increase monthly cashflow and build equity without taking unnecessary risk.

Thanks!

Kate,

I'd be interested in partnering with you on this. 

Ashley,

Sure, I'll send you an email.  

I've been meeting some interesting prospective partners, and it's expanding my world.  

Thanks!

Marvin,

I invest out of state, so I'm open to geographic areas.  I am avoiding any areas below a B-. 

Thanks!

I recently completed a cash-out refi on my single family rental portfolio and looking for opportunities and advice on how to best redeploy the funds.

I’m interested in:

1) Single Family Rental Portfolios purchased at a discount

2) Multifamily Deals in B or better locations, that have value add potential

3) Cash flow investments backed by hard assets

4) Partnering with another investor to split a bigger deal

I need a minimum of 10% cash on cash to meet my objectives, plus appreciation, equity paydown, etc. I have current syndication opportunities with IRR between 18-25% so new opportunities must at least be competitive with those numbers. Seeking opportunities that provide diversification and liquidity.

Significant funds available for cash purchase or downpayment.

I currently own SHF, Multi-family, self storage, retail, mobile home investments

Goal is to increase monthly cashflow and build equity without taking unnecessary risk.

Thanks!

I started buying lots of houses in 2008, 2009, 2010 after the massive crash. My brother and my mom wanted to stage an intervention to keep me from getting overextended. They were fearful because of all the stories they heard about investors getting hurt. In reality it was mostly the speculators that got hurt. In a few short years I'd tripled my investment. Now they wish they had bought when I was buying :-)

Hello BP,

I'm an experienced investor in SFH/condos and I'm considering purchasing my first 12 unit in New Mexico. I have it under contract for 183K. It is actually (3) 4 plexes on 1 lot. It is in a mixed area, some expensive single family and some older lower income homes and multifamily.

Overall safe, good area, just lower income. Mix of 2 bed, 1 bedroom and efficiencies. Total gross rents are $4,533 monthly.

No HOA, Property Tax is $2,100, Management Needed. (I currently own out of state property).

I'm sure there are repairs to do, just not sure how extensive. It is partially rented now.

If I apply the 50% rule, then monthly rent is reduced to $2,266. Mortgage on $136k would be approximately $1,082 if I get a 15 year fixed at 5%, not sure I can get these terms. I'm shopping currently for a commercial loan.

So if I deduct my mortgage of $1082 from 50% of gross rents, is it safe to plan for an average of $1,184 positive cash-flow monthly?

That's $14,214 annual. My out of pocket would be $45k (25% down) plus repairs. So cash on cash looks pretty healthy.

Am I applying the 50% rule correctly?