All Forum Posts by: Bryan H.
Bryan H. has started 73 posts and replied 766 times.
Post: Would you rather buy a $40k rehabbed rental in a C neighborhood or $55k in a B?
- Investor
- Willow Spring, NC
- Posts 788
- Votes 284
Originally posted by @Curt Davis:
I am surely not trying to get you to promote anything but rather to admit you are not selling $55k homes that rent for $900 per month.
Not these days. Not too long ago maybe - but prices have come up.
2012 I bought all in for $30k, rents for $975. House is worth $80k now
Post: Apartment Buildings
- Investor
- Willow Spring, NC
- Posts 788
- Votes 284
Originally posted by @Joel Owens:
Hi Doug,
Even if you found an owner finance situation with nothing down the cost for due diligence and closing would eat up all of your down payment.
The reality is you do not have enough money to buy 5 to 10 units. You might want to start with a 2 to 4 unit and live in one of them or save up more money. You could also pool more money and partner to buy a deal but then your interest is small and exiting later will be hard if you want to get out of it.
Hey Joel
Searching the archives for an answer. I'm using the DCF Analysis V 6.71 - CCIM Institute to dive deeper into my analysis of a 6-10 unit apt. Numbers 13 and 25 had me stumped and you eluded to those here. What percent should I plan on in my analysis?
It may help to know I'm looking at sub-$300k properties.
Thanks as always
Post: Recommended financial models for apartments?
- Investor
- Willow Spring, NC
- Posts 788
- Votes 284
I think you will like this. CCIM DCF
Post: Raleigh, NC Meetup
- Investor
- Willow Spring, NC
- Posts 788
- Votes 284
Originally posted by @Michael Jobe:
Date and time are above. The address is 1837 N Harrison Ave, Cary, NC.
Thanks, I was looking on the mobile app and it didnt show that info.
Post: Raleigh, NC Meetup
- Investor
- Willow Spring, NC
- Posts 788
- Votes 284
Post: Bigger Pockets on iPhone 6 crashes
- Investor
- Willow Spring, NC
- Posts 788
- Votes 284
Post: Paying contractors with debit cards or some other means?
- Investor
- Willow Spring, NC
- Posts 788
- Votes 284
Do the contractor not have bank accounts?
Post: Invest while still renting??
- Investor
- Willow Spring, NC
- Posts 788
- Votes 284
Hi Ryan
Welcome to BP. Many people on the coast have the same issue and thoughts you do.
Why does getting into RE and wanting to buy/hold make sense to you? It's hard to do and you want to try doing it from afar?
If RE is the way you want to invest, I'd recommend one of 100 other methods to invest in RE, especially starting out. Look here http://www.biggerpockets.com/real-estate-investing/strategies-niches
Post: How do I know the rating of a neighborhood?
- Investor
- Willow Spring, NC
- Posts 788
- Votes 284
HI Trev, welcome to BP. You will get better responses here to your posts if you try and search the site first before asking a question.
Try this. http://www.biggerpockets.com/search?utf8=%E2%9C%93&term=neighborhood+ranking
Post: Newbie HUD/REO Home Question
- Investor
- Willow Spring, NC
- Posts 788
- Votes 284
You will have less luck getting a response from the government than you would a bank. I'd move on and find something else. Maybe keep an eye on it, but remember as an investor, owner occupants will have a leg up on buying the property. I wouldn't waste my time on it