All Forum Posts by: Zachary Coombs

Companies like listsource.com (there are less expensive options) specialize in providing that data if I’m not mistaken.

I understand not having all the info is tough. The first thing in the webinars is usually to pick your path and stick to it. Next is analysis without the paralysis. Have you called any realtors and asked what they would be willing to do to help or inquire on listings? Maybe making a list of realtors, calling and asking for help, or at least for a referral if they can’t. Relationships and getting access to mls will be the next step. Sfh, commercial, or small multi families, at some point you’ll have to nail it down. Pick your path, get your first (doesn’t have to be a home run, LEARN), then watch the momentum roll. The best time to buy a property was 5 years ago, the next best is today... Good luck man, hope work treats you well and your journey gets quickly to the next step. 

Where are you looking? Who is your realtor? What recent deals have you analyzed? How would you fund the deal? Are you registered for tonight’s webinar?

@Nathan Barshinger

All properties are listed on my profile. All in the city. I base my offer on income and expenses. Usually I consider the monthly income to represent 2% of the properties value. i.e. if the rental income is $1200/mo, me highest offer would be 60k (1200/.02=60,000). Then I consider utilities, property condition, and other expenses to bring my offer down from there. In the end each property has a monthly clean cash flow of $200 per door.

Perhaps my criteria are much lower than others

@Nathan Barshinger what is a good multifamily deal to you? I bought 4 multis off the MLS in last year in York, pa. All 2% properties and fully occupied. Am I missing something?

Congrats on the purchase! I have a real estate attorney I put these questions past and always follow his advice.

https://www.shulmanrogers.com/...

Welcome Scott and congratulations on the purchase. We meet monthly in Hagerstown on the first Saturday of the month.

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

Thanks for reaching out! They are fantastic people and of my 3 property management companies that I have, they are by far my favorite! I only wish they would cover Harrisburg and Franklin counties. Good luck @Andrew Brzuchalski

@Misael Carlos Vera Congrats on the first purchase! Have you considered having a property manager or real estate agent be your project manager or point of contact for these projects? I use Antietam realty based out of waynesboro for my Franklin county properties. My realtor Nancy Allison with Coldwell banker has a husband who is a general contractor. Let me know by DM or text if you’d like their info to discuss the projects.

I make 30$ an hour at my w-2 with many other benefits, any other “free-time” is far more valuable and spent with family and passions. I sacrifice that I valuable “free-time” in exchange to build my exit from wage based work into financial freedom. Even at my lowest valued time ($30hr) I can hire local folks to complete those projects at or below that same labor rate and not have to travel hours to perform the same tasks at or below their professional standard and take longer to do it.