All Forum Posts by: Troy Marschall

Hey @Shane Welch,

My recommendation if you are doing it on your own:

The BRRRR strategy. It stands for Buy, Repair, Rent, Refinance, and Repeat. When used right, the BRRRR method can allow you to buy rentals at a discount because they need work, and refinance most of their money out because they added value through repairs. This method can allow you to raise rents to market value.

- The key is research and knowing the market that you want to invest in. Know the numbers and do not fall in love with a deal if the numbers do not work.

V/R - Troy

@Darren Nardo,

PM Fee's: Property Management Fee's

CoC: Cash on Cash

DSYR: Debt Service Yearly aka PITI (Principal, interest, tax, insurance), or ADS (annual debt service).

@Levi Borunda,

If I came off rude, my apologies, this is what I have/suggest.

Awesome, I am not too familiar with flips, or ABQ, but I would start looking for properties that are under valued, specifically in the range of 30% below market. With 100k, I don't see the need of a partner financially, but maybe if you are not familiar with the contracting side. That could make a good 50/50 split in the profits. This will also allow you to learn the contracting process so you will be able to manage it when you are off doing deals on your own. I have linked (below) a good starting point for your housing market research and the realtor should be able to answer any of the questions you have. Also the realtor should be able to create a comparable market analysis of any particular properties you are looking at.

http://www.usa.com/albuquerque-nm-housing.htm

V/R - Troy

@Prakash B. Debt Service Yearly - It is just a personal preference. I think the proper term is "ADS" annual debt service, but when I started evaluating deals it is what I used and it is just a habit.

@Darrell Bratton, 

Small world, I live in Fells Point, Baltimore, MD. I attended school in MS, so I keep an eye on this from the region view. I also like Mobile, I just looked up some preliminary data (linked below) but going to dive deep to see what is driving the economic growth in Mobile.

https://www.huduser.gov/portal/periodicals/USHMC/r...

V/R - Troy

@Branden Sewell, I know if you go through BP youtube channel they do deals of the week, but they usually use their analyzer, which is a good one. For more write outs of deals (where the deal is written on a white board etc...) click the link, and skip over the first one by Grant Cardone (he is great, but he is doing massive 200 unit and up deals). 

https://www.youtube.com/results?search_query=multifamily+real+estate+deal+analysis

Sounds like what your looking for is in your back yard aka Jacksonville, FL.

Huntsville as a whole I believe is on the up and up. Somewhere in the range of 30-40% of the population rents. The economic growth over the next 3-5 years is incredible. Google is constructing a google data plant which will lead to 75-100 high tech jobs, Toyota-Mazda plant which will employ roughly 4,000 (laborers to mid level managers), minor league team moving to Madison (part of the metro), and over 4,000 FBI positions are relocating to Huntsville over the next 10 years. 

https://www.bestplaces.net/housing/city/alabama/huntsville

Youtube: "Multifamily Deal Analysis" - It will lead to videos with great visuals to get you started.

@Tyson Lee Look into RUBS - A Ratio Utility Billing System allocates the property’s actual utility bill to the residents based on an occupant factor, square footage factor, or a combination of both. Also, if your building can support submetering that would be my #1 recommendation.

@Leanne Kreps,

Huntsville as a whole I believe is on the up and up and I would not limit yourself to only the Lowe Mill (West Huntsville) area. The economic growth over the next 3-5 years is incredible. Google is constructing a google data plant which will lead to 75-100 high tech jobs, Toyota-Mazda plant which will employ roughly 4,000 (laborers to mid level managers), minor league team moving to Madison (part of the metro), and over 4,000 FBI positions are relocating to Huntsville over the next 10 years. 

Also, Nashville is an excellent "HQ" location for investing in the south. Close proximity to smaller markets such as Huntsville, Chattanooga, Bowling Green, Lexington, Asheville, North ATL, and Newnan-Peachtree Area (GA).