All Forum Posts by: Amber Koontz

Hello BP Community

I'm currently learning everything I can on apartment acquisitions and proper analysis. My question is, when running the numbers do you include the CapEx and or Reserves as part of the operating expense portion? I know to always account for these, but I can account for them outside of the expense realm and sometimes it can be the difference in a good deal and one that will require more value adds. I also notice Repairs, Reserves, CapEx and Maintenance are interchangeable at times when viewing data on listings. I'll see Maintenance or Repairs, or Reserves for example. Most recently, I've seen CapEx included in Escrow. I'm a bit confused.

@Regdric Malveaux I recalled you mentioned an interest in wholesaling. Below is a link to a meetup for that, one of many.

https://www.meetup.com/713-Houston-Area-Real-Estat...

https://www.meetup.com/713-Houston-Area-Real-Estate-Investor-Network/events/250038439/?rv=wm1

I'm in the same boat as @Darlington Agu with just a few sfrs. I'm currently 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 Khlief, Grant Cardone, and Michael Blank) to absorb and push me in the right direction. I'd love to attend some meetups multi focused. @Michael Dang I will review those meetups 👍 Thank you. Good luck to everyone!

CONGRATULATIONS!!! The first one is usually the hardest💪

@James Kandasamy

@James Kandasamy I’ve just started diving in, tons of very good information! 

This is of such great value, thank you!

Excellent job, I am currently learning more about multi family so that I can come up with an action plan. This is very informative.

@Mario Brown Great job on the renovations, and thank you for providing actuals. I'm currently beginning to shift my attention to multifamily, and am working on getting an attack plan in place. 

My why is the financial freedom to enjoy my days on this earth. I want to build a portfolio that will allow me to leave my 9-5 to pursue real estate full time. I want to retire my mother, travel more, “be there”. I want to put systems in place and build so that my nieces, nephews, and future children can learn the ropes and start to build their own portfolio. I want to add generational wealth. I don’t want to wait until I am retirement age to truly live.Losing my dad at the early age of 60, just two years from him retiring, inspired me to live now and not later. He did just that.

Good Afternoon @Coles Mercier

Here in Houston you have to go online to hcad.org (county appraisal district), go to the forms link and print out the form to update owner address. That can either be mailed in or dropped off at the location. I actually had everything noted during closing, but for some reason the investment property showed as my home address. I just had to work on getting this corrected a few days ago.