All Forum Posts by: BJ Grove

Hey, I'm working on underwriting. My biggest hangup is figuring out the market rents. What do yall use or how do you figure the numbers? I have been just looking up going rates in the area, but theres such a discrepancy of about $400-$600. Im assuming thats based on the class. Whats the best way to determine a safe number based on rents I find online? 

 I would definitely get a plumber that handles gas out there. I'm about a hour away if you'd like someone to go check it out or be there to meet someone I'm sure we can figure something out.  

 CFRI has great folks and there are specific meetups for multi family if you are a member. 

Best of luck Jose!! I'm looking at my first multifamily now as well!!

Awesome! Thank you for the information!! Truly. Where are you getting your leads from that you are analyzing? I have got in contact with a few brokers that have added me their email list and I'm looking forward to working with. I will look into the USF area! 

Myself and another investor (has the funds), are looking to purchase our first multifamily in the Central FL/Tampa/Sarasota area. I'm in contact with brokers who are sending me their deals. I have a hard money lined up that will fund 90% including rehab costs. I'm looking at around the $600,000-$800,000 PP. Anybody have any tips or things to look out for? I feel like I've got a handle of what to look for but just looking to hear things that only experience gets you. Any and all comments welcome! Thank you!!