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17 June 2024 | 8 replies
I think 50-150 units is no mans land and we stick to institutional level sized deals. his underwriting is too simple. the unit mixes are off we only build studios and 1 beds for fast absorption, the deal is also under parked without a parking study. anyone who uses "roughly" in their analysis isn't sophisticated enough. we underwrite rent growth, asset growth, and a million other assumptions this wouldn't pass any people I know who invest in deals. get with a More experienced operator and read more sophisticated underwriting. 400k per door new construction is crazy. how much is the land?
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18 June 2024 | 5 replies
Whenever you get a recommendation, always check them out online especially if you don't know the people recommending them.
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17 June 2024 | 8 replies
I like turnkey for people who want to invest, but don't want to build a team.
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17 June 2024 | 2 replies
Most people think you can no longer cash flow with real estate, but you definitely can down here.
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17 June 2024 | 8 replies
I have a MTR/STR in Arlington, we have hospitals nearby for travel nurses and plenty of tourism that brings people to the area.
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18 June 2024 | 14 replies
Based on what I have experienced investing here locally I normally advice people keeping the house as a rental if possible!
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17 June 2024 | 8 replies
What is great about BP is if you ask a question on these forums, people from all over the country tend to answer.
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17 June 2024 | 1 reply
Possibly I can source some deals from some code enforcement people and other creative places I can think of, but that will take some time and bird-dogs.Need help with finding deals, networking whether it be with other REIs or REAs, attorneys, financial planners/funding, confidence, and knowledge.I am determined and willing to work for this.
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14 June 2024 | 9 replies
I don't think finding an agent to advertise it as a "handyman special" on MLS will be fruitful.
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18 June 2024 | 16 replies
How would you start a syndication and get other people's money at this stage in your investing cycle?