All Forum Posts by: Robert Martinez

@Bjorn Ahlblad I'll work on it, thanks!

OK guys thanks for all the help. After going back to review my numbers and basically almost discovering the equation for time travel! I found I was not pushing "enter" after putting in numbers in my spreadsheet. So to get a 9% Cap Rate I would have to purchase this at $456,000. Lol thanks for all the help. I'm glad I can always turn to guys for help. 

@Matt Popilek I completely agree with you but what are you using to evaluate the numbers. I am trying to figure out why I am coming out with a 9 cap when I put the numbers into Michael Blanks SDA. And expenses were not included in the Brokers packet so I am going on a rule of thumb of 50%. 

Alright guys, so I introduced myself a couple of weeks back and have connected with several of you because I am just getting started. Well I am officially connecting with brokers and trying to build my lead funnel. I received this from a local broker and was wondering if you could help me work the numbers. I am using Michael Blanks SDA so just really want someone to double check. I don't feel I am that accurate. THIS IS ONLY FOR THE 10 MINUTE OFFER, Thanks!!!

Asking for $995,000

8 Units 

100% Leased 

950.00 per unit

all 2b 1b

built in 1985 

great value add

potential to move rent up to $1250 per unit

I calculated a %9.17 Cap Rate

You need to market, market, market!!! I dont know your budget but you can Drive for Dollars, Direct Mail, SEO, Craigslist, etc. Remember that not everyone is going to accept your offer. Just keep making offers. 

Commercial but I just dont know how descriptive to be. Do they want bio info or do I just stick to search criteria? Things like that.

Hey guys, As some of you already know I introduced myself to a lot of you and started reading and following your content about 2 weeks ago. First of all, I want to thank you guys for all the knowledge and advice you give. Well as I am approaching the next phase of my CRE journey I was wondering if you could give some feedback on a broker package. I am not asking you for what you use but maybe just some "do's and dont's", thanks!

You might also want to consider paying yourself rent. Gets rid of the negative

Thanks for the feedback guys. I looked into and am interested!

Hey guys,

Does anyone know of any upcoming Multi-Family Real Estate seminars in Texas? I attended one earlier this month and am looking to attend as many as I can, Thanks!