All Forum Posts by: Sam Valme

Absolutely @Kris Haskins! PM sent!

Hello BP! 

Just wondering, what are some ways ya'll do market analysis. Sites? Calculators? RSS Feeds? Looking for information like:

• Population
• Crime rate
• School caliber
• Major industries

Beyond that, anything else we should be looking into?

Thanks!

I think I did a pretty good job fitting the whole question in the subject! :D 

I've heard of folks leveraging Portfolio lenders to avoid the 4 limited from Freddie and Fanny. I've talked to M&T Bank and they said that even if you pay cash. You still have to wait 12 months to refinance at the ARV. Is this rule the same for portfolio lenders? I'm assuming not sense they maintain control of the loan.

Inception (o.o) an entity within an entity!

My father owns 8 Real Estate Properties and rambled on for a period of time about how he has everything within Trusts separately. As a cryptic man, my father didn't really go into any details on how this actually worked. 

My question is: Is it worth the time and trouble to form a Trust to make offers through my LLC when I make an offer for a property? I hope I explained that correctly.

Hello BP!

My wife and I recently started our own property management company. We're based out of Virginia. As we understand it, to manager our own properties we don't need to have a real estate license. But does anyone know if we need to have someone in the company licensed to managed someone else? 

Also, what kind of insurance should we have as a management company?

Interesting. I haven't used that function before. How would that information be different then the Cash on Cash ROI or the total Project ROI? From the description (and my brief googling haha) it sounds like the NOI broken down for a period. (I.e. if NOI = $1200, then the IRR for 3 months would be $300.) Am I understanding that right?

Thats an interesting thought @David Jacques. What additional information do you think I would need to add that to my calculator?

Hello Elonda!

Welcome to BP! This is a great place to pick up on a TON of REI information. A good place to start is the podcasts at biggerpockets.com/podcasts. Also checkout bigger pockets.com/meet to see what other folks are doing in your area!

Best of luck to you!

bump

Hello BP Family! 

Gotta love the "Related Forum Discussions" tool. As soon as you think you have a novel concept, its there waiting to let you know someone has done it before haha. Which is actually good because I got a chance to see how someone else tackled this problem. 

At any rate. I was faced with the challenge of presenting my investors with a breakdown of how the BRRRR strategy looked. From my side and theirs. So after about 15 hours of work and 4 cappuccinos. I've developed my take on the BRRRR calc. Compared to the other calc I looked at that someone posted I believe mine gives a lot of the "behind the scenes" actions that go on.

I spoke with Brandon Turner about this and he suggested throwing it out to get some community feedback! Its all very simple calculations in Excel. Addition, subtraction, multiplication and division. Please have a look if you have the time! Any and all feedback would be greatly appreciated!

Here is the link - https://www.biggerpockets.com/files/user/SamV411/f...

Thanks in advanced!