All Forum Posts by: Sawyer Smith

"It's not that short!" term rentals. A book explaining how it's not the length of term that matters. Rather, how you use the terms that can make the difference.

I know I would read it!

I heard in a Podcast recently that one of the first things to check when underwriting a potential deal is that the average median income is twice that of the national average. At face value, this seems like a good metric to check. However, there was no mention of the cost of living in that area. For example, if someone from San Fransisco who made 100k per year were to move to my market in the midwest, They would only need to make around 45k per year to maintain the same standard of living. So theoretically (and based on what we've seen in real life) my tenants are just as financially capable of paying rent. 

Also, because property out here is so much cheaper, we see strong cash flow in every deal we make, both in multi-family and single-family.

Am I missing something? Or is it better to look at your market's average income compared to the cost of living, rather than compared to the national average? What do you guys look at to determine a property's potential for cash flow?

I know this is not the purpose of this thread, but would anyone be interested in doing a bigger pocket meet-up in SW Missouri?

@Mike D'Arrigo Absolutely! Do you have any tips on sources for that information other than the sellers' report? We typically request those numbers while in our due diligence period, but what we typically get is somewhat detached from reality. 

We just closed on a deal recently with what seems to be strong cash on cash return, IRR, and Equity Multiples.

Now that we are going to be looking for more large Multi-family deals I was curious as to what other investors' minimum acceptable investment metrics are. What's your minimum Cash on Cash, IRR, and Equity Multiple?

Not going to lie @Nicole Heasley Beitenman, I haven't even tried that. Is there a certain department that usually handles those records?

There are three unlisted vacant properties in my area that I really want to buy, but I'm having a hard time finding the owners' contact information. I've tried using sites like Deal machine, but still haven't found anything, does anyone know of other ways to track down an absent owner?

Hey @Keaton Burke! We do BRRR investing in Webb City. I'd love to connect and see how I can be of help!

Several of my team cant make it to the conference but we had already bought tickets! I'm not sure how to transfer them to another person but if anyone is out there who didn't get one in time I would be happy to help! Not looking to upsell any of them. Feel free to message me for more information