All Forum Posts by: Thomas Greer

Sounds like a good deal! You probably are just bragging, ha!

I did a quick back of the envelope to run the numbers. Sometimes it helps to model things out (as a best practice, even if it is an easy "green light")

https://app.moneyweighted.com/...

Without having to go deep into analysis, it (just) passes the 1% rule. And another way to look at it is...if you are spending 5k to added 50k in value...its a win.  You could turn it around and flip it if that was your thing/strategy.

All the best! 

Seems tight to me.  We are missing some detail but I assume your opex numbers are inclusive of tax, ins, maintenance?  Do they include debt service?  I assume yes, but if not then this does not cashflow.

Congrats!

Right after we "consider" selling an asset but decide to "wait until next year".

Too many categories and a little more CRE would be great.

While a noble pursuit …society did not ascribe a high monetary value to my undergraduate degree in Sociology.  Haha

20% coc (3x grm) with no large improvements seems cool to me. 

As long as there is no large unknowns/risks (renovation done right, no title issues, not built on ancient burial site) I would call it a win. 

Just to give you options...if you do wish to delay the "real world" a bit, you can always go for the MBA.  An MBA will never hurt any of your professional choices.  So, if you don't see any obvious choices and don't mind struggling for another 2-3 years.  It won't hurt.  But also, don't stress.  You are likely young enough to have a few pivots in your career.  Just bring hard work and positive attitude to whatever you do.

For the record...I got a Masters in Urban Planning (for Pete's sake) solely because my university's Real Estate program was housed in that department.  I feel your pain, when options are limited. All the best!

It's always good to shop around a bit just for a sanity check.  Even if you have a good relationships.  This is a prime example for why.  All the best.

Great replies.  Just to add to the discussion - I always see cash as cash.  Proforma/future cashflows always have a bit of risk involved.  So, I would look at the deal and think about the certainty of the cash and its source.  In some instances appreciation seems much more "solid" than rental growth and/or vice versa.

Have fun and all the best!