All Forum Posts by: Austin Works

@Jaysen Medhurst, with all that I have in the pipeline now, my rents will total about $6,500, so I have just a little to go to finish out the goal. I think what you said about focusing on what I already have in the pipeline is what I've been missing - I've put all of my focus into generating more leads and not completing what I have. I will just have to double down and stay focused on both sides.

@Mike Dymski, this is exactly what I was looking for, very helpful.

@Jaysen Medhurst, to be clear, I already owned the four plex prior to setting this goal, but we still had a long way to go on the rehab. I considered increasing the goal to exclude this property to make the goal more challenging, but ultimately decided to include keep it at $7,500 to keep the goal achievable. I've only added the 2 SFR's since setting the goal - one is already occupied with a tenant and the other will need a light rehab before being rent ready.

@Jaysen Medhurst, to be completely specific, my goal is to increase gross rents from $3,050 to $7,500. With my current four plex being near completion and 2 SFR's under contract, I am now only about $1,000 away from y my goal once everything is rented.

I am on my 2nd attempt at using the 90 Day Journal published by Biggerpockets, and I just cannot seem to consistently come up with appropriate weekly and daily goals to bring me closer to my 90 day goal. To be specific, my goal for this 90 day period is to increase my gross rents to a certain number, but I cannot come up with the smaller goals to take me there. Has anyone else struggled with this? Any examples of how you are setting your goals?

@Jack Martin, this is so different from everything I know about SFR. Is the goal to buy at the fair value based on NOI and cap rate, or do you still aim to only buy at %80 or below of that value? I just don't want to waste time making 80% offers if others are going to be offering fair value.

@Rachel H., any recommendations for good books on the subject?

Is there any content you would recommend for learning this skill? I own SFR rentals, but mobile homes seem to be a completely different animal. Should I target park with owned mobile homes or just parks that collect lot rent? Any advice is appreciated.

@Luis Moran, would you mind sharing the numbers on this project?

@Kris Russell, I would recommend painting the exterior a medium shade of gray and painting trim/doors white - this should also increase the value, so you should recoup the cost. There's just nothing very exciting about the property at the moment, you always need a wow factor somewhere in the property for a quick sale.