All Forum Posts by: Ronan Donnelly

@Account Closed - see you at BEC2020!

Hi @Christy Osterkamp, with multifamily you can rely more on straight forward financial analysis to arrive at a purchase price (Net Operating Income / Cap Rate = Property Value). For comps you should be comparing rent for comparable unit sizes to get an idea of what income you should use as an input to your model. Good luck!

Hi @Musammath Khan, great to have you on BP and congrats on your planned purchase. There are a bunch of multifamily investors based in NY, although not all invest in NY itself. Feel free to reach out with any questions, we are all here to make this community stronger. Good luck!

@Francis Rusnak - I have just completed a couple of rehabs in the Chicago Suburbs (Glenwood and South holland) so if you want any contractor recommendations please just DM me

I've heard of a few markets where regulations banning STR's have created significant problems to STR investors. E.g. Jersey City. Given this risk it would be worthwhile running the numbers for a regular rental just in case you need that as an exit option. Good luck!

Hi @Mary Nickless, congratulations for starting out on the path to financial success via real estate investing and it’s a real benefit to be park of a rapidly appreciating area. Prices in central Florida are appreciating because of excess demand relative to supply and also because of the amount of capital finding deals. As @Edgar Rodriguez said, it can be very helpful to focus on a niche whether that is a specific area or a particular type of asset. This will allow you to focus all of your energy and with enough work and deal flow you will find deals. Nobody said it was easy.... Good luck! Ronan

@Maximilian Wnuk, @Sovat C.,  I have spoken to or invested with a number of Syndicators So feel free to DM me with and specific questions. It’s a great route to take to build wealth passively whilst leveraging an experienced team. Good luck, Ronan

@Account Closed, there are just so many ways to make money in real estate that it can be a worthwhile exercise to review some of the main strategies to see if you can find one that best fits your skills and investment objectives. Finding the best strategy for you will increase your odds of ultimately succeeding. Good luck! Ronan

@Adam Steinberger I followed a very similar path. I build up a portfolio of SFH's but decided to stop growing because it wasn't passive enough. I subsequently invested in a number of income funds which were entirely passive but all of the income came through as ordinary interest income and I didn't enjoy tax advantages like long term capital gains and depreciation. I eventually found investing in syndicated deals to be the perfect combination of being passive and giving me the benefits of owning physical real estate. Feel free to DM me if you have any specific questions that you think I can help with. Good luck, Ronan

@Jonathan Anderson, partnering on a deal is a great way to get experience whilst reducing risk. Also, having capital gives you the flexibility to choose the ideal partners or areas. Given the level of investment activity in the markets that you have mentioned I am sure that you will find lots of potential partners here on BP. Good luck!