All Forum Posts by: Reginald Ross

@Allende Hernandez

When your return on equity drops below your personal acceptable threshold.

@Jason Baker

$400k isn’t a bad starting point but there are many other considerations:

Reserves, Capex and lender requirements are the first that come to mind.

To get a non-recourse loan, you'll need to finance at least $1.0M which at a 80% LTV, would put your lower purchase limit at $1.25MM.

Reserves need to be between $250-385/unit.

Lenders typically want to see a net worth of the loan guarantor being equal to or greater than the purchase price of asset.

They will also want to see your post-close liquidity equal to >10% of loan balance. This doesn’t include reserves and capital outlays.

Property management is critical if you’re going to armchair quarterback the asset management.

@Jennifer Schelkopf

I set a goal to purchase 25 units this year and ended up purchasing 78 units. Next year is looking even better!

@Anthony Newbold

Talk to your attorney.

@Andrey Y.

Thanks for the suggestion but I’ve already “read the thread”.

You posted to brag about incredible IRR's and how passive investing has changed your life blah blah blah and your response to the very first comment was "PM me".

Maybe I’m just cynical but...

@Andrey Y.

Sounds like someone’s fishing for capital ;)

@Josue R.

I got 7-unit portfolio of single family properties under contract at lunch.

@Jeoff Brown

Agreed, reach out to his company, Revitalize Realty. He does a great job with my portfolio.

@Warb K. Wilcox

Hi Warb, I'm a SFR/MF investor in the Mobile area. I'm always looking for a nice flip, BRRRR or multi-family syndication opportunity.

@Tyler Smith

I keep $1,000/door and replenish as needed.