All Forum Posts by: Tim O'Connell

Hi Everyone,

Can I get a confirmation of what I am including in my computation of Cash ROI?

I have looked at popular spreadsheets posted by others on BP and they appear to not include any type of taxable income into the analysis. I just want to make sure that when I say I want 10% Cash ROI, I am talking about same computation to get to 10% as others.

Hi everyone in the Capital Region. I am new to investing and was recently thinking about the SFR rentals in the Capital Region. I would like to get a better understanding of the market and have a couple of general questions. First, is there demand for SFR rentals in the area? Second, if so, how strong is demand in relation to supply and in what areas is there interest from renters.

Albany

Troy

Saratoga

Hi everyone in the Capital Region. I am new to investing and was recently thinking about the SFR rentals in the Capital Region. I would like to get a better understanding of the market and have a couple of general questions. First, is there demand for SFR rentals in the area? Second, if so, how strong is demand in relation to supply and in what areas is there interest from renters.

I used the MIlkens Institute best performing cities.

2-4 units MF. Some of my other criteria include having cash flow of $100/m per door at 90% financed, though I don't plan to finance at that rate. The price of the rehab and acquisition be less than $250K. Purchase price is 80% or less of ARV/appraisal. There are other criteria that I still want to develop in terms quality of the area, though one step at a time.

@Gordon Cuffe  Thanks for the feedback. Kansas City missed only the economic outlook criteria. Thier economy was in line with the national average where I am looking for a city above the national average. If I lived there I would definitely invest, but since I am going to be an out of state investor the majority of the national is available to me, so I need to have some way to filter to a reasonable number of cities for deeper investigation. Some cities that fit my criteria include: Tampa, FL; Lincoln, NE; Salt Lake City, UT; Nashville, TN; and Fort Collins, CO.

Hi everyone, I am new to real estate investing and I just wanted to get some feedback about the criteria I have developed for identifying potential cities for buy-and-hold rental properties (small multi-family) that cash flow. I currently live in the Phoenix area and feel that the returns here are not sufficient for what I am looking for. My current criteria is below. Thanks in advance for any feedback.

1. Be one of the 250th largest MSAs.

2. Have positive population growth over the past 5 years.

3. Have a positive economic outlook.

4. Have rental growth over the past 2 years.

5. Have a reasonable home price to rent ratio 

6. After-tax Cash-on-cash ROI of 10%+