All Forum Posts by: Pat G.

@Jay Hinrichs, @Bill F., @Account Closed

Thank You for taking your time to post and share your knowledge on the subject. I will let you know the outcome as I am waiting for the T-12 and Profit & Loss. 

Thanks again

Pat

Looking at a park that is 100% Park Owned homes, can someone give me 2 Pro and 2 Cons of buying this type of park?

If the rents in a particular city are below the US average rents for that specific property type what does that mean? Let's assume the demographics of the city are good.(population increasing, etc.) Pass or more info is needed? See graphic below.

@Mitchell Lee martin I am going to use https://www.slybroadcast.com/ so I can tell you later how it went. I am now working on the VM message itself. Any help in that area. 

I know there also Paragon Voicemail Drop - www.paragonvoicemaildrop.com -how not tried them at all. 

Good luck

Multifamily Permits Are Plateauing.

Is this Good News or Bad News for Investors? Any Thoughts?

Full Story Here

Try these as well:

• ZipWho.com fills this information gap by displaying a national percentile rank (0 - 99) next to every data element. This site allows users to search by demographics. https://zipwho.com/
• Stats about all US cities - real estate, relocation info, crime, house prices, schools, races, income, photos, sex offenders, maps, education, weather, home value estimator, recent sales, etc. www.city-data.com/
• For a  List of the best performing cities visit: http://www.best-cities.org/

Hope that helps too.

I agree with @Jason D. & @Scott Meitus it does really depend on a lot of things like amount of repairs, % to partners, i.e. 70/30 split of equity, Loan rate, etc. I would start in the 10% range and then play with the numbers and then present it to your investors, remembers most investors (friends, family, etc) are going to be excited with anything over what they are getting in their 401K or IRA.

Congrats on your first deal. RE investing is a team sport, to do bigger deals partnering, Joint ventures are the way it is done. Focus on what unit rang you want to target i.e. 5-30, 24-150, etc. and then what class of property A, B, C, or D and then what areas, i.e. State, City(s), and metros. Good luck

@Brandon Purdeu Congrats. I would first ask the current owner if he/she had insurance on the property when it got damaged. If yes, ask him/her if they got an insurance check for the damages. If they did ask them where are the funds are or what were the funds used for. If they never filed a claim get an agreement with the owner and then Google search "Public adjuster". Now PA will work for you to get more money out of the insurance company and is like a lawyer for you. And they don;t get paid until you do.  
Your expenses should be 50% of your income. Here are some rules of thumb:

Hope that helps. Good luck

@Douglas Vogel You are welcome. Here is a list of some of the other podcasts and websites I listen to:

Michael Blank

- www.themicahaelblank.com

- Podcast: Apartment Building investing with Michael Blank

- I have taken his course -good

David Lindahl

- https://rementor.com/

- I have taken his course and attended his boot camps, several years ago

Rod Khleif

- https://rodkhleif.com/

- Facebook group - http://www.multifamilycommunity.com this link will redirect to facebook where you will have to as to be in the group.

- Podcast: Lifetime cashflow through Real Estate Investing. Good Pod cast

Apartment Investors of Michigan - Facebook group

- https://www.facebook.com/groups/1173796829379623/

Lance Edwards

- https://www.apartmentwealthinfo.com/

Brad Sumrok

- https://www.bradsumrok.com/

Ron Legrand

- http://www.ronlegrand.com

Podcasts:

The Commercial Real Estate Show with Michael Bull

Target Market Insights with John Casmon

Best Ever Real Estate investing Advice with Joe Fairless

The Real Estate Guys Radio Show

The Wealth Formula Podcast with Buck Joffrey

Wheelbarrow Profits with Jake and Gino

Hope that helps.