All Forum Posts by: Bryan H.

Originally posted by Javon Rice:

Bryan H. How so you typically find your buyers?

I don't wholesale properties. I buy/hold or rehab/sell.

If I were to wholesale I would connect with the serious buyers at my local REIA. People that make a living off of it. I'd try to avoid the pretenders because I don't want to waste my time.

I would only get properties under contract that I knew I could sell to them. Present only good deals. Rinse/repeat.

Originally posted by Rory C.:

Bryan H. - Do you have criteria that you follow distinguishing a good neighborhood from a bad neighborhood other than just the address?

Besides the numbers, I look at the crime rate.

I look to see what median income levels are and average rent rates. If I can't sell or want to keep it, I want a 2nd exit strategy. I want to know if I keep it as a rental, that it will make a good investment.

I look at DOM. I want an area where houses are flying off the market.

I drive the neighborhood. I check out the cars people drive. I see if yards are maintained. Are houses being maintained or improved?

I look at who is moving into the area. You want to rehab for your buyer. Young & hip buyers will probably want something different than a family and definitely something different than empty-nesters/retirees.

I'd stick to the better neighborhoods. I know when I evaluate a flip, I consider the location as much as the profit. A nice rehab in a nice hood will move quickly. If the hood isn't good, it's not going to sell as quickly.

Speed is important when rehabbing

I'm getting double that right now, but last years purchases were not normal.

I'm just looking forward and planning for future decisions.

Dawn A. Lets say you want to compare your properties, do you do that solely on cashflow? Or ROI? IRR? Or an operating expense ratio?

Say you needed to sell one? How do you choose? I'm looking for a way to compare my properties, evaluate their performance and be able to make decision like to sell? pay down mortgage? invest capital?

How do you know your rental is performing?

Read this Determine Rent and search for other articles on here. I

Anyone?

Hey Brandon Turner this change may have impacted the mobile app. See photo.

What is a good performance metric to measure when assessing a property owned outright after the first year? CCR is used for year 1 only, right ? Is it IRR? I just starting investing last year and my goals for purchases have been $200/ month cash flow and 15% CCR. What are your year 2 and beyond goals for a property?

YEAH!!! Made my last car payment today so it's owned free and clear. Taking that payment and making an offer on a rental property. Actually my car payment was more than the house payment will be.

I will drive this car until its dead, because I still love the car and it's finally paid off.

It's crazy it takes 5 years to pay off the car, which is now worth 1/2 of what I paid for it. My rental (if the offer is accepted) will make me 25% CCR and will appreciate over time.