All Forum Posts by: Reggie Desir

@Anthony Thompson

A place that caught my eye is turnkey, 5 unit even the garage generating income. Not a lot of maintenance and minimal rehab (less than 10k) B class and the cap rate is 7.4ish.

New to the rental property investing game and I’m just trying to determine criteria to analyze deals more efficiently. What should be my baseline for cap rate on a rental property? The areas I’m focusing on investing in are Providence Rhode Island, Worcester and Fall River Massachusetts. Thanks in advance

@Jon Abadia yes for an investment property in Rhode Island 

@Shawn Murray

If spending that much money won’t add significant value I’d sell. Sometimes it’s not worth the headaches. Especially if you’re on the opposite coast. Unless you’ve cultivated a team you can trust it’s not worth the headaches

@Jon Abadia

Just got quoted 3.5/30 years/ 25% down

@Sam Albert

Will do thanks

@Anthony Thompson

I appreciate you very much. Yea I figured being that it’s the beginning of peak season right now.

Hi I’m new to the Providence market. I’ve done one deal there and looking to expand my portfolio. I am looking for contractors in the area that can handle full gut renovations. Thanks in advance for any leads and tips

@Ozzy Sirimsi

Good pointers. I appreciate the response

@Mark Cruse

I appreciate the feedback. I did notice that about Baltimore how it drastically changes from block to block when I did visit. Can’t go based on neighborhoods as a search area. I’ve already started researching property management but as you said it’s gonna come down to visiting more frequently to really get a true lay of the land. Thanks again