All Forum Posts by: Ruel K.

@Omar Gonzalez I also took advantage to network under this Covid situation. I signed up with Brad Sumrok. Before that, I was on Zoom meetings for introduction with Rod Khlief, and Jake and Gino. The call with Jake and Gino's team member, Josh, connected me to one of their students in the SFO Multifamily and added them on FB. Since then, I got friend requests from their friends who are syndicators, lenders, people who have businesses that buy houses. My FB feed now consists of their updates from closing a recent deal on MF, flips, etc. Long story short, after adding suggested FB friends in the RE field, my network grew to 150 people in the last 2 months. Proximity is what all of them preach and is very valuable. Keep us posted for sure. I have been getting deals left and right from the recent contacts I've added.

@Jennifer Bourdeau I am in the same boat. I have the funds and have chosen to be a passive investor, which I am already in 2 deals. 

@Tony Robinson Just came across your story and that is awesome! Congrats!

I just finished reading the entire thread. Lots of good information here. This has motivated me too look into LV and OKC for sure. 

That's awesome! I am proud and happy for what you have accomplished! This is very inspiring!

@Kyle Mitchell I understand. IMO, why not invest here in socal? I have been doing my research. You can can rent an apartment, house, or condo, then put it on Airbnb. That is of course with the landlord's permission. There is a company that can negotiation with the landlord, if you want. But if you already have experience dealing with landlords and management companies, you might not need them. The company is www.letulet.com.

@Kyle Mitchell Just wondering if there are any updates. I am looking myself to get into STR here in Socal and AZ.

@Chris Nerio  @Account Closed Just to follow-up on Craig's response of a CoC of 5%, 100 divided by 5 is 20. That means you will get your money back in 20 years. That is too long. Every investor should ask himself/herself, how soon will I get my money back? Usually 3 years is already a long time, IMO.

Excellent suggestions here and I am taking notes myself. Yes, improving curb appeal helps. Change the signage of the apartment name and also improve the leasing office like furniture, etc, to make it very "office" like. 

@Tj Hines Yes, I totally agree that the Cap Rate is overrated. However, it is definitely a good way to analyze how to increase value. Cap rate is NOI/Selling Price and you can interchange that as Selling Price = NOI/Cap Rate. You want to increase the selling price or value of you apartment? Then increase the NOI. How do you increase the NOI? Well you see where this is going. My all-time favorite metric though is CoC return and is sometimes overlooked to why it is very important for one aspect. Every investor should ask, how soon will I get my money back? CoC will tell you that and I could be wrong, but most would like to get their money back in less than 5 years at least.

@James Wise On my PC, I don't have any tagging issues. When I type the @ symbol then the first name, the closest match shows up and I select the name. I just tested multiple tagging and it works and the person does not have to be colleague. That does not work on Chrome on my smartphone. Now for the BP app on the phone, you just have to click "Reply" to a specific comment and you can tag more people for that comment by typing the @ symbol. Try uninstalling and reinstalling Chrome on your PC and if it that fixes the multiple tagging issue.