All Forum Posts by: Daniel Ringwald

@Will Chamberlin I hope all is well out west. I drive by it today and seems like it could be a good opportunity. I really appreciate the heads up.

I'm in Liverpool. LookIng to buy my first two properties this summer to hold long term. Also looking for a sponsoring broker and other partners/connections.

Congrats @Tara Piantanida-Kelly !

Thanks for all the valuable information here. I'm taking it all in.

@Michael Sherwood I am actually in Germany for the next few months but maybe we could connect sometime in the Spring/Summer.

I will be in Central NY for the majority of the summer and regularly make the drive through Buffalo to visit family in Oakville.

@Belinda D. @Samuel Sedore

I appreciate the feedback. That was the feeling that I had, but was curious because there are a few areas of townhouses in Northwest Oakville that are almost exclusively used as rentals. I suppose the owners are trying to make money on appreciation, or by 'creating it' as you said rather than monthly cashflow. I don't know the other markets you mentioned well enough, so I will focus on Rochester/Syracuse markets instead.Thanks!

thanks @Samuel Sedore I will check out that book.

@Nikolette Dwyer I am looking to buy my first multi-family property in the Syracuse area this spring. How has everything worked out with the MFR purchase? Any obstacles that you didn't expect?

A high cap rate could be the result of a relatively high net operating income or a relatively low purchase price or a combination of both...

Cap Rate % = Net Operating Income / Purchase Price

ie. $1,000 / $10,000 = .1 or 10%

Cap rate can change from 10% to 20% in the following ways:

20% = $2,000 / $10,000 Increase in Net Operating Income by $1000

20% = $1000 / $5000 Purchase Price is reduced by $5000

20% = $1500 / $7500 Change in NOI and Purchase Price