All Forum Posts by: Pete Abilla

It's a low appreciation, high cashflow market.

This is a hypothetical example, but I'd love to hear everybody's advice. Imagine the following scenario:

Suppose you bought a SFR at a good price (20% below retail) and made very conservative estimates for water, garbage, vacancy, property management, capex, and repairs.

The unit is fully occupied receiving at-market rents.

But after all that and debt service, the cash flow is on $85.

How would you justify this situation to someone who is skeptical about entering the real estate rental market?

Edited: Current location is a cash flow market, low appreciation.

Thanks Matt! The location I’m focused on is a few states away, so I couldn’t drive for dollars. What then? Do you suggest hiring someone from Craigslist to do it? If so, I need to be super clear on my criteria. Any suggestions or checklists you suggest?

I'm focused on small multi-family. I want to run a direct mail campaign targeting owners of 4 to 15 unit apartments. But, being a n00b, I'd love help on:

1) What resources are available to find all the 4-15 unit apartments in the location I'm targeting?
2) Once I have that list, what resources are there to find the addresses of the owners?

I'd love advice and thanks in advance.

Good job Cory. You accomplished a ton in 12 months. I'd love to hear more about the "other people's money" part - financing to purchase and financing for rehab. Good job.

And as far as finding - you mentioned a direct mail campaign. Would you mind sharing the campaign itself - from how'd you find addresses to what you said in the letter and conversion rates, what worked, what didn't, etc.

Great stuff man.

Thanks. Do you recommend any property management companies?

I'm about to close on 3 duplexes and possibly 2 quads in the next 30 days. I'd love some recommendations on amazing property management companies that are easy to work with, professional, and look out for owners' best interests. Any recommendations would be greatly appreciated. Thanks all.

@Donald Thomas Nice work.