All Forum Posts by: Antoine Martel
Antoine Martel has started 10 posts and replied 2212 times.
Post: Will my primary residence make a good rental property?
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
You have to look at the return on equity for your home. How much cash do you have in that property and how much can you make on a monthly basis in terms of cash flow and then look at that return.
How does that return compare to buying rental properties out of state for 15% returns?
My parents just sold their home in CA last year and bought 20 units out of state!
Post: Real Estate Investor Starting Out - Tips/Advice
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
Alex.
No need for an LLC quite yet, they're easy to make when you need them. You are going to want to buy the property in your personal name so that you can get the best financing. Then after you close you can move that property into the name of the LLC but its not required.
LLC will not help you save money on taxes, because you will be getting financing on these properties in your personal name and not your LLC
Post: Reliant on 1% rule for investment purchases?
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
Every single time!
Post: College student trying to buy his first house!
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
I would go to a local lender, tell them your situation, and see what you need in order to finance it
Post: kansas vs indy investing
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
I think that both of these markets have very similar returns. I stick to Memphis and Cleveland though. I have found those markets have the highest amount of inventory and returns.
Post: Is there anyone who does wholesale in the buffalo region?
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
Originally posted by @Vick Galu:
You're welcome :)
Post: Investor Relationships | Multifamily
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
Originally posted by @Jared Carpenter:
did you really find your first investor on BP??
Yes
Post: Commercial lenders for 5 unit
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
Originally posted by @TD Wolf:
@Antoine Martel can you say more? I am planning 25% down...This is a buy and hold property that cash flows nicely, with value add potential. Rents are pretty much in line with the market right now.
25% down is good. I would just be worried putting only 20% down right now with the way the market is. Im buying an apartment building now and getting a 60% LTV so that when the market does crash I won't be over leveraged.
Post: Best areas for BRRR's in the South.
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
Originally posted by @Eviano I.:
@Antoine Martel based on the markets you know well, what markets would you recommend are cash flowing well now? I've been looking closely at Central MS for the past few months, and I agree based on my criteria (i.e. healthy cash flow in good school districts sub-$150k), it hasn't been as straightforward as I expected.
TN, AL, OH. All of these places have great markets which still have very low property values but high rents and also the states are easy to deal with.
Post: Commercial lenders for 5 unit
- Rental Property Investor
- Miami, FL
- Posts 2,325
- Votes 911
Originally posted by @Account Closed:
Originally posted by @TD Wolf:
Thank you @Antoine Martel, we already have a couple lined up but was wondering if anyone had personal experience (good or bad) with a particular local lender.
There are programs that go up to 80% LTV for multifamily.
Yes there are but I would just be careful with getting leverage that much with that way the market is right now.