All Forum Posts by: Rob MacSwan

Hey andria,

I used to live in Richmond. Great city. What kind of cash flow or rate of return are you looking for? Will help me narrow down some options. 

Rob 

Hey Tim,

I closed on an 8 unit in Frankfort, KY in January, a duplex in Lexington in August, and a 16 unit in Lexington in September. I own properties in Paris and Versailles as well.

There is some great value to be had but just like a lot of markets these days it is very competitive. 


I’m happy to help out if you have any questions. 

Rob 

Thanks so much to everyone taking the time to provide their insights. This is why  biggerpockets is so amazing!

I am in the midst of selling three properties together in one deal. Each property has its own llc under my holding company. Should my holding company be listed as seller on purchase contract? Thanks so much in advance to anyone who can help me out.

Rob

It’s my primary home and there is a good chance I am moving. I know you guys are probably right but the thought of owning a $500k+ house free and clear in about 3 years then getting $2700 a month sounds enticing. 

Ok so here are numbers. Feel like I should sell but want to make it work. My argument would be with a smaller loan balance I might lose a couple hundred a month for a few years until mortgage is paid off. Once the house is fully paid cash flow would be great! Let me know your thoughts. Thanks!

3 bed/2.5 bath 1900 sq ft home in desirable Richmond va neighborhood

$525000- current value

$362000- purchase price in 2009

$70k- left on 15 yr mortgage at 3.25%

$2400- monthly mortgage including tax and insurance

$2700- estimated rent

8%- estimated mgt fee

Probabaly will need new ac unit in next year or two. Estimated about $8-10k. No other big cap x items in near future.

Hey everyone,

I am looking for an agent who is extremely knowledgeable with buying/selling multifamily properties for investment purposes in the area. I am an investor with a small portfolio looking to expand. Thanks.

Rob

Thanks in advance.

Thanks Tyler. Thinking between 5-20 units.

Anyone have a commercial real estate agent they recommend? Looking to acquire first multi family property.

Thanks!