All Forum Posts by: Ryan Cook
Ryan Cook has started 2 posts and replied 2 times.
Post: CA$HFLOW GAME NIGHT @ HomeSmart!
- North Easton, MA
- Posts 2
- Votes 1
Thursday, Sep 16th from 7pm-9pm
Come out to the HomeSmart First Class Realty office in North Easton and play Robert Kiyosaki's "Ca$hflow" and network with other investors!
We'll be serving pizza and there will be opportunities to network with other investors. The game is a great way to visualize your way out of the "Rat Race".
Space is limited, so sign up now!
Looking forward to seeing you there.
Post: Running Numbers on Intended Owner Occupant Multifamilies
- North Easton, MA
- Posts 2
- Votes 1
Quick question - I'm a broker and work with a lot of folks looking to purchase a multifamily for occupancy. I still run numbers as if they weren't in the property to see if the numbers make any sense and if a property is worth further investigation (i.e. a site visit).
I was having a conversation with another broker who owns 10 multis and he told me the numbers aren't important for owner occupants... and that by the time they may sell, the rents will have gone up, the equity will have increased, etc.
Sounds wrong to me... and I have a good track record with my clients... but the question is, "Should basic numbers be adjusted on multis for intended owner occupants?" I stick to $200/door/mo, >= 6% CAP, >= 10% CCR, >= 1.25 DCR, > 1% Rule.