All Forum Posts by: Ryan Moore

 Just show her this to ease her mind.  I was in one of my vacant units after we finally locked out the squatter from an eviction and came across this in the kitchen.  Needless to say I decided not to stick around that day.  This was an inherited tenant and my current tenants are screened very well by my PM and these tenants have been just fine.  Less repair calls, no broken windows (junkies love broken windows), etc.

My wife doesn't even like me walking around in our nice neighborhood... if I waited until I found a place she was comfortable at, I'd never own anything. 

As a long time attendee of this meet-up, the recent change from the social bar setting to the classroom/meeting style setup has been a great upgrade.  Having both topical presentations and open discussion have allowed for a greater amount of information to be passed along.  I highly encourage anyone looking to get involved with a meetup to checkout this one.

Great.  I just emailed Jake back today after our initial phone conversation a couple weeks ago.  I let him know that I will be in Tucson in 2 weekends and would like to see some of the things you guys have going on currently and what you've done for multifamily investors down there.

I've heard of using a standard appreciation rate for calculating projected appreciation for single family homes, but any idea how to do this for residential multifamily in the Phoenix metro area?  Does such a rate even exists?  

I've own a 4-unit for the past 2.5 years but I obviously cannot use the values I've experienced since they have been too large for extending out over a set period of time.  

I am trying to project ROI and not sure what numbers to put into the value section of my property in 5 to 10 years.

I appreciate all the lively discussion on my thread here, but this did certainly get away from just a silly question I had while I perusing the ally website.  I thank you to those that addressed the very simple question of why would someone choose a CD carried with it a rate that is lower than just a general savings account in my Ally example.

I've been using Ally for all my savings buckets for personal finance (i.e. vacation, car repair, property taxes, real estate savings, etc.).  I've have been thinking of moving my rental's savings buckets (vacancy, repairs, capex,etc.) over to Ally also since they get nothing sitting in the WF business account.

I'll probably look into some of the ideas mentioned here on what I can do with savings above and beyond the high interest savings accounts, but I want to make sure I'm keeping most of these funds as liquid as possible (not same day, but maybe same week?).  However, some of these buckets, especially on the personal side, are only drawn from at set times of the year (biannual property taxes, annual insurance, etc.) and my 'real estate' savings buckets has only been added to over couple of years, so maybe some new strategy there above what I'm doing now.

Thanks again

On Ally, their savings accounts are 1.75% right now.  I was looking at their other products... why would anyone even consider a money market at 0.9%-1.0% and CDs that are <1.75%?  Is there something I'm missing about these products?  

Yup, that makes sense.... treat it as upfront for analyzing the deal/RIO, and in the P&L/taxes.  

How would you classify the following scenario in terms of upfront cost vs cash flow:  When I closed on my 4-plex, 2 of the units were unexpectedly vacant and over the course of 3 months, I had to put ~$10k into fixing them.  Now, I wasn't planning on putting any extra upfront money at the time of purchase, and 2 other units were occupied from Day 1, so I was bringing in revenue on top of contributing  extra cash into the property for those repairs/reno

Would you classify all funds used to fix up the 2 vacant units as upfront cost for purposes of ROI calculation? Or should the funds just fall strictly under cash flow since the property was not fully vacant and was bringing in revenue?