All Forum Posts by: Zachary Coombs

Hey Spring! I like to work my numbers backwards from the income. If a place is bringing in 1000$ a month, I want to pay 50k for it. I'm usually covered for insurance, taxes, expenses, reserves, etc. I've been successful on the MLS in Chambersburg, waynesboro, Harrisburg, and York so far…

please let me know how it goes and if you’re inclined to make an introduction, I may be able to take a few more of your sellers properties off his hands;)

Welcome! @Brandon Allenczy and myself are active in wholesale and buy and hold in that market. Brandon started our meetup on the first Saturday of every month. Link below.

https://www.biggerpockets.com/...

@Brandon Allenczy

Holy smokes. Congrats!

I just have not seen as many quads as the others. I would hold every property to the same criteria to make an offer based on income and expenses. Figure out your niche by reading and researching, find deals to analyze (fill your funnel), go look at properties and put together offers based on your criteria, figure out financing/purchase power at some point, submit offers, stick to your criteria, then build your rental property empire.

 I agree with @Account Closed for the most point. There’s an incredible wealth of knowledge in books, podcasts, and YouTube/video resources that a lot of questions can be addressed, answered, and expounded on with creating new threads and discussions. How to analyze a deal, what market to choose, how to find a mentor, what niche is best for you, etc are all topics and titles of countless BP articles and many real estate and investment books cover this extensively.

Find something you can bring to the table to help or benefit others and build up on that to make yourself an invaluable asset and then others will be glad to help/mentor/partner.

Try answering these questions by looking for the answers yourself. I’m a big believer that there are no original ideas. Find a system or a goal you’d like to achieve, then follow the steps that person took. Brandon turners 90 day challenge and “the stack” got me to where I am.

I have on triplex and 3 duplexes in York. Quads are cool but I'm more interested in roi/cashflow than unit quantity. If SFH were close to the 2% model I'd go after them.

I do everything but the rehab part. Haha

Fully occupied ready to go! Inherited leases, management company took over and renewed, will turnover and raise rents as vacancies happen. Cashout refinance starts next month off of newly appraised value. Should get back almost all cash out of the deal.

Harrisburg, York, and Franklin county as well (waynesboro, chambersburg). They have all worked for me.

@Jeffrey A. propstream is another (cheaper) version. You could also reach out to local marketing and graphic design companies that do direct mail campaigns. They purchase large amounts of data and sometimes get deep discounts and will pass that on to you if you’re able to win friends and influence people. ;)