All Forum Posts by: Joe Bourguignon

I'm also looking for the same! Who are you all using in Cincy for property management?  Thanks! 

-joe

Oops, tagged the wrong person! Meant to tag @Guy Azta :)

@Gabriel Miller, this thread is about a year old; who did you end up using for Property Management in Cincy, and how do you like them so far? Thanks!

-joe

Hey, all! I'm trying to get myself set up with some analysis tools for MF investments, and I really like the "Value Play" model that Berges has in his "Complete Guide to Buying and Selling Apartments". I understand where he is getting most of his numbers from, except for the bottom area of his model, starting with "Net CFs from Investment - 1 Yr exit" (and everything below).  If somebody could help me understand how he's calculating these numbers, I'd love it!  Spreadsheets don't paste well here, but here is what I'm looking for:

Thanks!

-joe

Reading the Complete Guide right now and loving it. I've begun adapting his value play analysis tool for my use. @Steve Olafson, I'm curious what you do for analysis?  I'm new to buying apartments and love getting advice / input from many sources! Thanks!

-joe

 I have the same question as Michael, so I'm bumping this thread to see if anybody answers.  :)   Cheers!

 Christian, for investment properties, you want to find something to buy that is under market value, that way you have instant equity in the home when you buy, and you don't need to cross your fingers that it'll appreciate (like everyone was crossing their fingers in 2007...)  So, search hard for a property that's undervalued, and that's how you make your $$.  

Jake, thanks for sharing this!  I'm sure a ton of people will find it inspiring.  :)  That kitchen remodel is like night and day!

 Perfect!  Just trying to iron out stuff before I do my first out of state purchase.  Thanks!  Have you done this with Seller Financing?  I'm assuming in that case, my lawyer would be generating the "lender" paperwork for everybody to sign...

@Caleb Heimsoth, thanks for the quick reply!

So, the title company generates all the closing paperwork, yes?  My one page purchase agreement with the seller is the only contract I have to provide, right?  Thanks again!  I've never bought a property without an agent, so I've got bunches of questions about the process...  ;)