All Forum Posts by: Timothy Curry

Looking for a CPA who specializes in real estate, in Pennsylvania that can help me with tax strategies, planning, and filing. If anyone can recommended someone that would be great. 

@Dorothy Butala Thank you Dorothy for the information, this was very help!!!! 

Thanks @Aaron K., what numbers do you usually stick to for things like Roi, Cap rate, etc. 

Hi All,

I got a lead from a motivated seller thinking about selling one of her one of her properties since she's moving. She does no want to publicly list this property so I'll having to sign paperwork to keep this hidden. I'll be meeting with her agent soon to discuss the property details. The details current know is that a bar is being rented on the bottom and apartments rent on top. What questions should I be asking, and what numbers should I stick to like CAP rate, Roi %, etc.

Hi All,

I got a lead from a motivated seller thinking about selling one of her one of her properties since she's moving. She does no want to publicly list this property so I'll having to sign paperwork to keep this hidden. I'll be meeting with her agent soon to discuss the property details. The details current know is that a bar is being rented on the bottom and apartments rent on top. What questions should I be asking, and what numbers should I stick to like CAP rate, Roi %, etc.

@Brian Garrett And is there any steps you take to research a market 

@Brian Garrett What rent ratio should I look at? One of the 3 unit properties I Iooked at was going for $135,000 with 8 beds 3 baths 2,900 sq ft, total rent estimate would be $1,950. Is that bad? 

Hi everyone,

I'm a new investor looking to purchase my first 3-4 unit deal and need some advice. These types of units in my current market go for more than $200,000 with rents ranging $850-950 for two bed rooms apartments. Since I don't make a lot of money and I don't want to use partners for every deal, I'm looking into 2 different city's that are about 1 - 1 1/2 hours away from me. Compatible houses start at $130,000 with rents ranging $650-$750 for 2 bed room apartments in these two areas. I have 20k to start off with, option for FHA loan, parents who would fund repair costs. My goal is to get into commercial real estate or purchase enough properties for finacial freedom. Here are my questions-

What steps can I take to research these new markets to know what my best options are?