All Forum Posts by: Redgy Saint-Germain

@Adrian Jenkins

A high cap could also indicate issue with the property, it may be harder to get a tenant in there or it is located in a bad neighborhood and no one wants it. I usually aim for 6-10%.

@Jack Mccormack

I wouldn't, the numbers don't add up at all, you'll be cash flow negative to begin with. 

@Brandon Ropp

If you don't want to use a Realtor and you`re trying to get something accurate then HIRE AN APPRAISER. 

Me personally I don't trust Zillow and the other sites, depending on the amount of work you do on a property their estimate will probably be way off. 

@Twana Rasoul 

I understand where you're coming from but without a mentor you will most likely lose a lot of money, maybe more than what you would pay for the mentor. Granted paying for a mentor does not necessarily mean " money", you can potentially look for a need they have and solve it and getting mentorship in the process. 

Your mentor`s time is valuable and YOU NEED TO BRING SOMETHING TO THE TABLE to make it worth their while. While i like the idea of making lots of research, there are some things you can only learn from a mentor or going through the experience that can result in you losing money. 

Good luck  

@Account Closed

I wouldn't do this deal because your profit margin is really small not even counting your CapEx. I would aim to buy and repair at 75-80% ARV that way you have a little bit of cushion should you want to exit. You should ALWAYS have an exit strategy.

Good luck 

@Julie Kern

This is awesome keep us posted on the 50 units :)

@Louis W.

Some states requires a written  "repairs request"  prior to withholding rent. Tenants ALWAYS think they know they law ,  I would go online on your state's website to double check. Also what happens at the end of your lease ? does it terminate or roll into a month to month lease? You may be able to start the eviction process right away :)

Good luck 

@Reid Mathews

It all depends on your end goal, I follow Grant closely and he`s changed my mindset about " thinking too small" for that I will forever be grateful that's about it. I don`t buy into the premise that SFH is nonsense, that you need to save 100k before you start investing blah blah. if you don't want to do the work, learn about real estate and build your empire then investing with Grant may be an option but if you`re trying to learn about the industry GET BETTER RETURNS im talking about north of 10-15% I would suggest you look elsewhere.

Within the last couple months I can tell you my ROI have been way more than what I would get had I invested 100k with him plus I got to learn a LOT MORE, networked with some incredible people. Your money will be stuck into a deal for a good 10 years and may not even double at 6% unless he pays a bonus. With 2-4 flips your money can double in less than 12 months so you do the math.

At the end of the safe it's all about your end goal. Hope this was helpful bud 

Redgy

@Lien Vuong Count me in :)

@Blake Edwards

In massachusetts by law you have to keep it in an account, give the tenant the account information and pay them interests on it. It's illegal if you dont do that

Redgy