All Forum Posts by: Amber Koontz

@Dennis Vo Thank you for the advice on building a trustworthy team. I do believe that I am forming a great foundation to build on. I want everyone on my team to win, there is more than enough opportunity to go around. Congratulations on running a successful construction business, and your investing success. Thank you also for the contact in Mr. Hunter, I will look him up for sure. I look forward to following up with you on my journey. Who knows what the future holds! I wish you continued success! 

@Joseph Ali No luck as of yet.

@Dennis Vo I’d be interested in getting added to Mr. Hunter’s email list. As for the OC, Ca market, good luck as well! I try to use the down time between purchases as opportunity to network, learn, and re-calibrate the action plan. Would you ever consider investing out of state? For me, I’d need a lot more experience to be comfortable with that.

@David Olson Yes indeed, it’s doable. In the meantime I’m open to single family rentals with the right numbers.

@Todd Dexheimer 

Thank you for the book and podcast recommendations, those two books and the Pillars of Wealth Creation podcast will be added to my list for absorbing quality content. There are so many great resources for information. It can be overwhelming as I look at my list of books and podcasts, but I’m choosing to stay focused, absorb data, take what I need, and move on. I know from experience that action is one of the best learning tools, but to a certain extent. I am working on the foundation, knowledge, and wisdom from experts to minimize the risk. Thank you. I will also check out your podcast 248 on here.

@Lesley Resnick Thank you for adding to the discussion.

Very insightful comments, you bring up some very valid points. I've went back and forth in decision on a good reserve amount, say a certain percentage vs actual dollar amounts of big ticket items in total such as your stated CapEx items. I want to make sure and analyze conservatively, but not to the extent of over analyzing and missing a would be clear opportunity to an experienced investor. The more practice, dialogue, and actuals, will prove very beneficial in minimizing the amount of risks in my journey. In your opinion, what's a deal breaker ratio in reference to your three factors? Could you provide a hypothetical example?

@Hadar Orkibi Much appreciated, I will look into these as well!

@Hadar Orkibi Thank you very much! I will read the post and follow up.

@Hadar Orkibi Yes definitely, thank you. I'm also reading a few books (Crushing It in Apartments and Commercial Real Estate, MultiFamily Millions, and the Millionaire Real Estate Investor), and listening to podcasts (BP of course, Rod Khleif, Grant Cardone, and Michael Blank) to absorb and push me in the right direction.

@Kyle Jean @Omar Khan @Michael Le

Thank you very much for the detailed responses. 

From your comments I took: 

(Kyle) Include reserves, repairs, and maintenance.

(Omar) Move the CapEx below the operating expense and also I absolutely agree, it is easy to get into a deal but hard to get out of one. The numbers have to work.

(Michael) By the pure definition is where I was getting hung up as to where to place these values. I need to factor these in as the banks will.

Thank you all for the insight!

Hello BP Community

I'm looking to switch over from single family rentals to small multi units (2-4). Any BPers successfully using the BRRRR strategy on small multis?