All Forum Posts by: Reggie Desir

@Jay Leisten

Hi Jay I'd love to pick your brain about the Louisville market. I'm from Boston and part of a small group of investors that would love to get into the SFR market in the Louisville/ Lexington areas.

@James Thomas

If you have cash offers Take the money and walk away. Opportunities to make that type of money this quickly doesn’t come that often. If she is mentally unstable there is no telling what type of legal issues you may run into.

Best of luck hope it all works out

@Robin Hines

Thanks for posting this

@Evan Polaski

Thanks Evan,

That makes a lot of sense.

@Erik W.

Hi Erik,

Again I have no experience here but I thought comps such what you mentioned were more for single family investments?

@Nick Robinson

I appreciate all of the questions honestly. It’s making me think of it all from multiple angles. Because it’s so early in my investment career I don’t have the eyes to catch things that an experienced investor would. So any and all questions and perspective is greatly appreciated.

This particular property is being managed by a property management company. I believe it’s around 2k annually.

@Spencer Gray

Based on some of these online calculators I’m hovering around 9-10% cash on cash return if I use the example of

135k down payment

62k gross income

26k annual mortgage payment

21k operating expenses

3% vacancy loss

Thanks for the feedback

I’m horrible at math but 9.8% is the number I got when I plugged in all these numbers.

@Nick Robinson

Thanks Nick! I appreciate the feedback.

@Spencer Gray

This was awesome. Def gained some perspective after easing your response. Thanks

@Ethan Neumann

Makes sense.

5-8 unit in B class, Value add but not gut job or extensive.

Thanks for the feedback