All Forum Posts by: Steve Smith

@Bridget Guess

Welcome to BiggerPockets the best Real Estate site on the web. You will find a lot of great information here, with along with good and knowledgable people that are willing to answer any of your questions. Also be sure to check out the Education section above and join the free webinars offered by BiggerPockets

Make it Happen

Steve

@Nelson Quiles

My name is Steve Smith I live in Beverly Hills Florida I am a buy and hold investor

If I can be of any help to you please feel free to contact me

Make it Happen 

Steve

@Eugene Lee

The average rental income in maybe 80% of the country averages from under 1% to 1.5% of your purchase price in monthly rents. It is rare that you get 2% or more, areas like New York City,and parts of California, Texas, Florida, and some other areas you can find them, but not everywhere

The 50% rule is meant to act as a quick analysis tool, to insure the deal is actually deal.

Always do a complete analysis on a deal and NEVER NEVER ever purchase a property based on just the 50% rule, you may be very sorry that you did

Make it Happen

Steve

@Nicholas A Bush

Welcome to BiggerPockets the best Real Estate site on the web. You will find a lot of great information here, with along with good and knowledgable people that are willing to answer any of your questions. Also be sure to check out the Education section above and join the free webinars offered by BiggerPockets

Make it Happen

Steve

@John Aloisi

I did not see provisions for CapEx for major expenses Ex: roof, heating systems , all major expenses

Make it Happen

Steve

@Sunny A.

Welcome to BiggerPockets the best Real Estate site on the web. You will find a lot of great information here, with along with good and knowledgable people that are willing to answer any of your questions. Also be sure to check out the Education section above and join the free webinars offered by BiggerPockets

Make it Happen

Steve

@Fabien Chanoz

The 50% rule is meant to act as a quick analysis tool, to insure the deal is actually deal.

It should be used in conjunction with a full analysis. Never purchase a property based on just the 50% rule you may be very sorry that you did

Make it Happen

Steve

@Cody Barrett

When trying to arrive at an offer price for multi family units adjust your offer price to a point that the monthly cash flow meets your requirements and your Cash on Cash Return on Investment, should produce returns that are equal too or better than if it were invested in the stock market. I want cash in cash returns better than 11 %or more per year with a minimum of $125 + per door or pass in the deal.

Make it Happen

Steve

@Dan Cho

Welcome to BiggerPockets the best Real Estate site on the web. You will find a lot of great information here, with along with good and knowledgable people that are willing to answer any of your questions. Also be sure to check out the Education section above and join the free webinars offered by BiggerPockets

Make it Happen

Steve

@Brennan Lytle

Compatible Guide Lines

Sold within the last three months, minimum sample of three to five compatible properties

In the same division or neighborhood within ¼ mile having the same or similar architecture, conditions, and basic features. Plus or minus five hundred sq. ft of the subject property , the closer the better. With the same amount of bedrooms and baths, built within five to ten years of the subject property. Hope this helps

Make it Happen

Steve