All Forum Posts by: Thorney Gibson

Most multi family properties in maryland seem very expensive compared to other states. Or is it just me?

thanks stephen. I'm pretty familiar with all that. I'm looking into buying now. Researching and such. I just don't know what the best path is. Buy smaller 2-4units or wait and get more into the commercial side 5plus. 

following

Hello all,

I currently own single family houses. My next step is to get into multi family. I see a debate between folks. Some say get start in 2-4plexs while others say to wait and get into the larger properties because of the scale factor. What input do you guys have that currently own both types? Thoughts? Experiences? regrets?

Christian, can you send me a link to this? I'm very interested in this. Thank you.

Following. I'm looking into buying in other states now.

Thanks guys. I'm actually buying in york pa right now. I'll look at that link also.

So when n you are looking to buy out of state for rental properties what are you looking at?

I've been looking at markets all over. Unemployment, jobs, starbucks lol, growth, ect. So far it seems ohio, Georgia, Tennessee, parts of Pennsylvania seem to be really good. Thoughts?

I know, which is why I said the cap rate is 15% with a property manager. I ran the numbers both ways. First couple properties I can handle myself, but I was taught to include it nomatter what because at some point I'll need a PM.

thanks. Also note the screen shot is with me managing the property, with a property manager it drops the cap rate and cash on cash return back down to 15% approximately.